PALM DESERT, California (January 20, 2016) – RBC Wealth Management, one of the nation’s largest full-service securities firms, announces that a new team of financial advisors has joined the Palm Desert branch, according to Ryan Wilson, director of the firm’s Palm Desert office..
The Prentice Group is comprised of Financial Advisors Tom Prentice, CRPC®, and Young Chung, CRPC®, ChFC®, along with Tricia Prentice, registered client associate and Stephanie Barsness, senior registered client associate. The team joins the firm from Merrill Lynch and has approximately $280 million in AUM and $1.8 in production. Prentice joins RBC Wealth Management with 35 years of industry experience.
“We are thrilled to welcome a team of the Prentice Group’s caliber to the Palm Desert office,” said Wilson. “Tom, Tricia, Young, and Stephanie make up one the most respected groups here in the Coachella Valley. Their client-centric focus is what truly makes them a great addition. RBC Wealth Management is actively recruiting high-level financial advisors across the country that fit in with the firm’s client-focused culture.”
RBC recently closed its acquisition of California-based City National Bank in November 2015, which creates a powerful platform for long-term growth in Southern California and the U.S. The combination of the two organizations strengthens each entity and provides a unique opportunity for financial advisors to leverage the capabilities of each to better serve clients.
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 $273 billion in total client assets with 1,900 financial advisors operating in 200 locations in 41 states.
Jonell Lundquist, RBC Wealth Management612-371-2239, 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.