RBC Wealth Management has added a team of nine advisors and associates to its new Cincinnati branch. The Paradigm Group, which has about $693 million in client assets, is joined by Morgan Stanley.
The team includes five advisors: Kyle McLaughlin, managing director and private wealth advisor; Joseph Goetzinger, senior vice president and financial advisor; Robert Hill, senior vice president and financial advisor director of corporate retirement; Terry Regan, first vice president and financial advisor; and Brandon Vornhagen, financial advisor. They are joined by Senior Finance Associate Mary Lynn Bosway, Senior Business Associate Sam Mayne, Registered Client Associate Maureen Regan and Client Associate Suzi Wood.
The team serves high and very high net worth families, business owners and executives.
In a statement, McLaughlin said his team was attracted to RBC's financial stability, lending capabilities and “focus on asset and liability management.”
McLaughlin has been with Morgan Stanley for the past 11 years. Prior to that, he was with Raymond James, Northwestern Mutual and Robert W. Baird.
In recent months, RBC has snapped up several other teams with significant assets under management. In July, a New Jersey-based advisory team with about $640 million in client assets was transferred to RBC from Merrill Lynch. Callot Wealth Management Group based in Paramus, NJ is led by David Callot, an advisor and managing director with over three decades of industry experience.
In June, RBC added a Virginia-based team with more than $915 million in assets managed by Truist. The Brown-Brinkley Group works out of RBC's Tysons, Va. office. It includes co-managing directors Alex Brown and William Brinkley, who have nearly six decades of collective industry experience (Taylor Brinkley, William's son, is also on board as a financial advisor).
RBC was founded in 1909 and currently has approximately $583 billion in total client assets, as well as more than 2,100 financial advisors in 191 offices in 42 states.