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Family first: RBC picks up father-son, husband-wife teams

Two Florida-based teams are joining RBC Wealth Management-U.S. from Morgan Stanley and Raymond James, according to the company.

A father-and-son team comprised of William Haring and his son Bradley, who together managed $124 million in assets and generated approximately $1 million in production, left Morgan Stanley to join RBC, according to the firm. They operate as the Haring Group.

The senior Haring began his career over three decades ago at Prudential, joining Smith Barney in 1994 and staying on through its acquisition by Morgan Stanley, according to FINRA BrokerCheck records. The younger Haring joined his father at Morgan Stanley in 2011, according to FINRA BrokerCheck records.

They join another recently-signed duo comprised of Scott Ramo and his wife Valerie. The two left Raymond James to join RBC's CKM Wealth Management Group, which will have a combined $300 million in assets and generate roughly $2.4 million in annual revenue, according to the firm.

The largest recruits managed more than $17 billion in client assets.
July 11

Mr. Ramo entered the industry with Morgan Stanley in 1999, moving to Prudential and later Janney Montgomery Scott before settling in at Morgan Keegan in 2008, according to FINRA BrokerCheck records. He stayed on after its acquisition by Raymond James, with Ms. Ramo joining the firm in 2013, according to FINRA BrokerCheck records.

Both teams report to Fort Lauderdale Branch Manager Jim Jahnsen and are part of a push by Complex Director Kirstin Turner to expand RBC's presence in the region, which she calls "an important market for the firm."

Turner has increased the firm's production and asset levels since taking over in 2013, growing the complex's fee-based income from 29% to 40% as it moves towards a more "holistic" style of management, according to a company spokeswoman.

Morgan Stanley and Raymond James both declined to comment on the departures.

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