Subscribe

Advisor Group B-D snares RBC advisors with $250 million in client assets

Tom Delich

Minnesota-based Tom Delich had worked at RBC for almost 23 years; he and his team are joining Financial Dimensions Group, a unit of Royal Alliance Associates.

Advisor Group said Tuesday morning that a team of RBC Capital Markets advisors with $250 million in client assets, led by Tom Delich, last month joined Financial Dimensions Group, which is affiliated with Royal Alliance Associates Inc., one of eight broker-dealers in the network.

Financial Dimensions Group, based in suburban Minneapolis, is one of the largest firms affiliated with Advisor Group, with more than 60 financial professionals managing over $4.2 billion in total client assets, according to the company.

Delich had worked at RBC for almost 23 years, according to his BrokerCheck report.

“We are excited to partner with Financial Dimensions Group and look forward to all the benefits of being part of Advisor Group,” Delich said in a statement.

The team at New Brighton, Minnesota-based Delich Wealth Management includes advisor Ben Freeby and staffer Mary Farnham.

Advisor Group announced last month that it will merge its eight affiliated broker-dealers under a single, yet-to-be named brand in a process that will take two years.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Broker who took client funds for 17 years is barred

"A broker admitting that he has been ripping off clients for 17 years is beyond troubling," said one attorney.

SEC boots California RIA linked to crypto, private funds

"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.

Former head of Osaic B-D lands at AssetMark

"Having relationships with financial advisors is one of the greatest assets these senior executives possess," said one industry official.

Colorado bars advisor over high-risk options trades

"Buying options is fraught with risk for financial advisors," one attorney noted.

Finra bars two ex-Raymond James advisors who sold unapproved products

Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print