RBC Wealth Management has hired two teams of advisors one for its Midtown New York office and one for its Wayzata, Minnesota office.
In New York, RBC snatched Schusterman Mazzone Group from UBS Financial Services, where the team managed $375 million in client assets with $2.7 million in production.
The all-woman team is comprised of managing director Tracey Schusterman, first vice president Rosa Mazzone, investment associate Dina LiRosi and client associate Rosa Diaz.
Schusterman and Mazzone have been in the financial services industry for 25 years and 17 years respectively.
‘RBC Wealth Management is focused on creating a diverse workforce by bringing more women financial advisors to the firm,’ said John Moran, director of the Midtown complex at RBC.
‘Tracey and Rosa are industry leaders who have had an incredible amount of success by developing strong, long-term relationships with their clients and working with them to meet their needs and objectives.’
In Minneapolis, the firm grabbed the Piché Group from Merrill Lynch where the team, led by Joe Piché, managed over $300 million.
The Wayzata branch of RBC Wealth Management is comprised of 10 financial advisors and an additional 13 support staff. The office is led by branch director Rick Sterling.
RBC Wealth Management has $289 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.