Wunderlich Securities acquires five branches of RBC wealth management

Wunderlich Securities, a Tennessee-based brokerage firm, has completed the acquisation of five private client group branches from RBC Wealth Management.

The newly acquired branches include Plymouth, Flint, East Lansing and Brighton in Michigan and Beachwood, Ohio.

This acquisition will increase the Wunderlich coutrywide presence to 21 offices and 12 states.

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The agreement adds 32 new employees to Wunderlich Securities. Included in the group are 21 financial advisors adding $8m in gross production and $700m in client assets under administration.

Clearing for these branches will be provided through a new relationship with RBC Correspondent Services, Wunderlich Securities said.

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