RBC picked up three Morgan Stanley advisors collectively managing $258.5 million and generating about $1.9 million in annual revenue, the firm said.
The advisors opened a new office in Canonsburg, Pa., as part of RBC's Pittsburgh Complex.
Advisor Richard P. Bondi, Jr., started his career in 2000 with First Union Securities, according to FINRA records. A year later he moved to Hefren-Tillotson, a small brokerage firm based in Pittsburgh. Brian Friday started his career at the firm that same year. They moved to Smith Barney in 2007.
Eric Gregory, a 21-year industry veteran, started his advisory career with Legg Mason, staying through that firm's mergers with Smith Barney and Morgan Stanley.
Kenneth Ross, senior managing director of RBC's Pittsburgh Complex, said in a statement that the firm has been looking to grow its presence in that market.
RBC currently has $270 billion in total client assets. The firm's 1,900 financial advisors operate in 200 offices.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access