RBC Wealth Management has lured a team of financial advisors from Merrill Lynch Wealth Management that managed $103m in client assets.

The team, which is known as Thompson Wealth Management Group, includes Matt Rittenhouse and Alyson Frantz, who will join the firm’s Indianapolis office as a senior financial associate and a senior registered client associate, respectively.

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The team previously had generated about $1.2m in annual production.

Additionally, Daniel Thompson, head of Thompson Wealth Management Group, joined RBC Wealth as a senior vice president.

In this year, RBC Wealth has lured 83 new advisers who manage more than $8bn in assets and have more than $59m in production till date.

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