INDIANAPOLIS, Indiana (November 7, 2014) – RBC Wealth Management – US, one of the nation’s largest full-service securities firms, recently welcomed the Thompson Wealth Management Group, led by Senior Vice President – Financial Advisor Daniel P. Thompson, CRPC®, to its Indianapolis office, according to Rhys A. Helt, director of the firm’s Indianapolis branch.
Also joining RBC Wealth Management is Matt Rittenhouse, CRPC®, CFA®, senior financial associate, and Alyson Frantz, senior registered client associate. The Thompson Wealth Management Group has more than 25 years combined industry experience, and joins RBC Wealth Management from Merrill Lynch. The team has $103 million in assets under administration and $1.2 million in production.
“The Thompson Wealth Management Group is a great addition to RBC Wealth Management,” said Helt. “The team’s industry experience and knowledge, along with their steadfast commitment to serving the needs of their clients, make them a great fit.”
The addition of the Thompson Wealth Management Group demonstrates RBC Wealth Management’s growth in the U.S. This fiscal year, RBC Wealth Management recruited 83 new financial advisors with more than $8 billion in assets under administration and over $59 million in production. Additionally, the average revenue per financial advisor has grown 64% in the past five years.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has more than $260 billion of assets under administration and nearly 2,000 financial advisors operating in 200 locations in 42 states.
Jonell Lundquist, RBC Wealth Management:612-371-2239 or jonell.lundquist@rbc.com
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.