A Baltimore-based advisory team with more than $1 billion in assets under management is joining RBC Wealth Management from Morgan Stanley, the second team to do so this week.
The Quarry Lake Group, which includes managing directors, financial advisors and senior portfolio managers Avigail Rosemore and Avi Greenlinger, will join RBC's Quarry Lake branch.
Additionally, the firm includes Associate Vice Presidents Aaron Forker, Yitzi Teichman and Alan Wolfe (who are also Senior Financial Associates, Financial Advisors and Senior Business Associates, respectively) and Branch Service Manager Sharon Wunder. The firm manages $1.05 billion in total assets.
According to Rosemore, the firm covers “every aspect” of a client's financial life and was attracted to RBC because of its “strength” and “global brand.”
“The firm's ability to support us in risk management, liability, fiduciary and estate planning strategies was also an attractive element,” she said.
According to FINRA records, Rosemore joined the industry in 1997 with Merrill Lynch before leaving for Morgan Stanley in 2001; aside from a brief stint at Citigroup, Rosemore remained on the wire until now. Greenlinger joined Morgan Stanley in 2003, with a brief concurrent stint at Citigroup in 2008.
Earlier this week, RBC announced it had pulled a $400 million advisory team from Morgan Stanley. The Smalley Girardi Group is based in Westport, Conn., and consists of financial advisors Richard Smalley and Ali Girardi (who also works as a portfolio manager).
In August, RBC pulled the Paradigm Groupa $693 million nine-person team at its new Cincinnati branch from Morgan Stanley. The team works with high and very high net worth families, business owners and executives.
In recent months, the firm has also lured a $640 million team based in New Jersey from Merrill Lynch, another New Jersey team with $855 million in assets under management by JP Morgan and a $915 million team from Virginia from Truist.