RBC Wealth Management expands in Buckeye State with the addition of a team of advisors from Merrill Lynch serving about $525 million who will run a new branch in Toledo, according to the company.
TWDS Group understand Robert Thompson, David Williams, Michel Donahue, Debra Sendelbach and senior investment partner Rawanne Smili, according to RBC.
The practice serves a variety of affluent clients, including doctors, business owners, entrepreneurs, corporate executives, retirees and unions, RBC notes. This addition marks RBC’s second office in Ohio, in addition to Cleveland.
“The expansion to a second location in Ohio is very exciting for our resort and will help us better serve our customers and increase our reach in the state,” said Frank Albanese, manager of the RBC Great Lakes Resort in a statement.
Thompson, the branch manager, cited RBC’s resources and culture.
“Moving to RBC Wealth Management gives us access to global resources, as well as a unique small business culture,” said Thompson.
On the resource front, RBC is a client of wealth management technology platform Addepar, which can model asset classes, currencies and other entities in a client’s portfolio, according to an earlier announcement. this week.
“Our comprehensive deployment of Addepar is integral to our vision to deliver a best-in-class technology experience for financial advisors throughout the investment lifecycle – all for the benefit of our clients,” said the head of technology from RBC US. Greg Beltzer said at the time.
Thompson had previously been registered with Merrill since 2008, and prior to that, he spent 13 years at UBS, according to BrokerCheck records. He started his career in the industry at Smith Barney in 1994. Williams began to Prudential securities in 1985, before moving to UBS in 1994 and Merrill in 2008.
Sendelbach also joined Merrill in 2008 after an eight-year stint at UBS, and his financial services career began in 1986 at PaineWebber Embedded, shows BrokerCheck. Donahue joined Merrill in 2011 after five years with Edward Jones and a decade at UBS, according to its BrokerCheck page. His first registration was with Dean Witter Reynolds in 1992.