RBC Wealth Management has added a Kansas-based team that managed $1 billion in client assets at UBS, the firm announced Thursday.
The Total Wealth Management team is based in Leawood and includes: managing director Patrick McCarthy; senior vice presidents John Brown and Eric Taylor; vice president Scott Jones; associate vice presidents Penny McKinney and LaGina Nicholas; and associate financial advisor John McCarthy.
Patrick McCarthy has 33 years of experience, having started at Piper Jaffray in 1990, according to his BrokerCheck report, and had been affiliated with UBS since 2006, when UBS acquired Piper Jaffray's brokerage business. Brown has 39 years of experience, starting at Piper Jaffray in 1984 and then moving to UBS in 2006. Taylor has 17 years of experience and had also been at UBS since 2006.
Total Wealth Management provides a full range of wealth management services to individuals, families, business owners and foundations.
According to a statement, the team chose RBC because of “access to senior firm leaders and the ease of doing business.”
RBC Wealth Management has more than 2,100 advisors in 42 states who oversee $544 billion in client assets.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
