A Baltimore-based advisory team with over $1 billion in managed assets is joining RBC Wealth Management from Morgan Stanley, the second team to do so this week.
The Quarry Lake Group, which includes managing directors, financial advisors and senior portfolio managers Avigail Rosemore and Avi Greenlinger, will join RBC’s Quarry Lake branch.
Additionally, the firm includes associate vice presidents Aaron Forker, Yitzi Teichman and Alan Wolfe (who are also senior financial associates, financial advisors and senior business associates, respectively) and Branch Service Manager Sharon Wunder. The firm manages $1.05 billion in total.
According to Rosemore, the firm covers “every aspect” of a client’s financial life and was attracted to RBC due to its “strength” and its “global brand.”
“The firm’s ability to support us in risk management, liabilities, trusts and estate planning strategies was an attractive element as well,” she said.
According to FINRA records, Rosemore joined the industry in 1997 with Merrill Lynch before leaving for Morgan Stanley in 2001; other than one brief stint at Citigroup, Rosemore remained at the wirehouse until now. Greenlinger registered with Morgan Stanley in 2003, with a brief concurrent stint at Citigroup in 2008.
Earlier this week, RBC announced it had attracted a $400 million advisory team from Morgan Stanley. The Smalley Girardi Group is based out of Westport, Conn., and consists of financial advisors Richard Smalley and Ali Girardi (who also works as a portfolio manager).
In August, RBC attracted The Paradigm Group, a $693 million nine-person team, to its new branch in Cincinnati from Morgan Stanley. The team works with high-net-worth and ultra-high-net-worth families, business owners and executives.
In the past several months, the firm has also lured a $640 million New Jersey-based team from Merrill Lynch, another New Jersey team with $855 million in managed assets from J.P. Morgan and a $915 million Virginia team from Truist.