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RBC grabs another wirehouse recruit: $307M team

A UBS team that managed more than $300 million in client assets jumped to RBC last week, a spokeswoman said.

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An RBC sign is displayed in the financial district in Toronto, Ontario, Canada on Wednesday July 18, 2012. The Bank of Canada said consumers and business investment will lead modest economic growth through 2014 while weaker global demand curbs exports that are having the weakest recovery since World War II. Photographer: Brent Lewin/Bloomberg

The team is comprised of Tim McEwen, financial advisor, Bradley Schindler, senior financial associate and Brooke Wimes, senior registered client associate.

The group generated $1.5 million in annual revenue, according to RBC. They joined the regional brokerage in Lincoln, Nebraska.

McEwen started his career at Morgan Stanley in 2003, per FINRA BrokerCheck records. He moved to UBS in 2008. Schindler joined him at the firm last year.

Collectively, this year’s mega movers managed more than $23 billion in client assets.
December 15

A spokeswoman for UBS declined to comment.

RBC has been on an aggressive recruiting push. Just this month, the firm has pulled in wirehouse teams overseeing more than $500 million in assets.

In Walnut Creek, California, a Merrill Lynch group with $230 million joined RBC.

The regional BD also picked up another UBS adviser in Florham Park, New Jersey. David DePaul previously managed $312 million in client assets, RBC said.

RBC Wealth Management has $279 billion in total client assets and about 1,800 financial advisers, according to the Minneapolis-based firm.

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