RBC Wealth Management has added a team of nine advisors and associates to its new branch in Cincinnati. The Paradigm Group, which has about $693 million in client assets, joins from 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 corporate retirement director; Terry Regan, first vice president and financial advisor; and Brandon Vornhagen, financial advisor. They’re joined by Senior Financial Associate Mary Lynn Bosway, Senior Business Associate Sam Mayne, Registered Client Associate Maureen Regan and Client Associate Suzi Wood.
The team serves high-net-worth and ultra-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 last 11 years. Prior to that, he was with Raymond James, Northwestern Mutual and Robert W. Baird.
In the past few months, RBC has nabbed several other teams with significant assets under management. In July, a New Jersey-based advisory team with about $640 million in client assets moved to RBC from Merrill Lynch. The Paramus, N.J.-based Callot Wealth Management Group 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 managed assets from Truist. The Brown-Brinkley Group works out of RBC’s office in Tysons, Va. 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 at 191 offices throughout 42 states.