RBC Wealth Management welcomes $1.8 million team to Florham Park



FLORHAM PARK, New Jersey (November 13, 2014) – RBC Wealth Management – US, one of the nation’s largest full-service securities firms, recently welcomed Financial Advisors Paul J. Pallo, Jeffrey Laster and Frederick Levine to its Florham Park office, according to Steven Ornstein, director of the firm’s Florham Park complex.

The team has more than 90 years combined industry experience, and joins RBC Wealth Management from Oppenheimer & Co. The team has a combined total of $151million in assets under administration and $1.8 million in production. Also joining the firm with the team is Paula Kirejevas, senior registered client associate, Jenilee Hill, registered client associate and Kyle Boughton, client associate.

“We are thrilled to welcome Paul, Jeffrey and Frederick to RBC Wealth Management,” said Ornstein. “The team brings a strong commitment to client service, industry experience and knowledge.”

The addition of this team 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.

About RBC Wealth Management – U.S.

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 $278 billion of assets under administration and nearly 2,000 financial advisors operating in 200 locations in 42 states.

For more information, please contact: 

Jonell Lundquist, RBC Wealth Management:
612-371-2239 or jonell.lundquist@rbc.com