RBC lures $450 million duo from U.S. Trust

RBC Wealth Management has recruited a pair of financial advisers from US Trust Wealth Management, where they ran some $450 million in client assets.

RBC Wealth Management has recruited a pair of financial advisers from US Trust Wealth Management, where they ran some $450 million in client assets.
Rhonda Smith and Lynn Syler — both senior vice presidents at U.S. Trust, which is owned by Bank of America Corp. — have joined RBC’s Gig Harbor, Wash., office, confirmed RBC spokesman Chris Nietupski. He said that RBC now has 15 advisers in the branch.
Ms. Smith and Ms. Syler, who generated $2.3 million in annual revenue at U.S. Trust, have also brought their senior associate, Anthony Fuertes, over to RBC.
RBC has added a total of 307 advisers this year, which is more than double the total number of recruits the firm added in all of 2008, Mr. Nietupski added.
A spokeswoman for U.S. Trust/BofA wasn’t immediately available to discuss the departures of Ms. Smith and Ms. Syler.