RBC grabs $375M all-woman team from UBS
Two advisers who managed $375 million in client assets left UBS to join RBC, the firm said.
The all-woman team is the newest wirehouse hire at RBC. The group previously generated $2.7 million in annual revenue, according to RBC.
Advisers Tracey Schusterman and Rosa Mazzone as well as Dina LiRosi, investment associate, and Rosa Diaz, client associate, now operate from RBC's Midtown New York office.
"RBC Wealth Management is focused on creating a diverse workforce by bringing more women financial advisers to the firm," John Moran, director of the Midtown complex, said in a statement.
Schusterman and Mazzone have been in the industry for 31 and 22 years respectively, according to FINRA BrokerCheck. The duo worked at UBS since 2009, having previously been with Smith Barney.
A UBS spokeswoman could not be reached for immediate comment.
RBC last announced new hires last week, when the regional BD said it lured away a $300 million adviser from Merrill Lynch. Joe Piché joined RBC's Wayzata, Minnesota, office.
RBC's U.S. wealth management unit has about $289 billion in total client assets and approximately 1,800 financial advisers, according to the firm.