SAN FRANCISCO, Calif. (December 12, 2016) – RBC Wealth Management, one of the nation’s largest full-service securities firms, recently welcomed the East Bay Wealth Management Group to the Walnut Creek office, according to Michael Schipper, Director of the San Francisco Complex.
The team is comprised of Financial Advisors David Persin, Ted Simos, Kim Beatty and Zach Persin, as well as Amber Strock, Senor Client Associate and Joan Strom, Client Associate. The East Bay Wealth Management Group has a combined more than 60 years of experience, all at Merrill Lynch. They manage more than $230 million in assets and have $2.2 million in production.
“RBC Wealth Management is focused on growing and expanding the firm’s presence in the Bay area through the recruitment of high-quality financial advisors,” said Schipper. “The East Bay Wealth Management Group is an extremely well-respected team of advisors, and they bring strong industry knowledge and client-first focus.”
RBC recently celebrated the one year anniversary of the close of its acquisition of California-based City National Bank. The combination of the two organizations creates a powerful platform for long-term growth in California and the U.S. The partnership 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 $279 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 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.