MINNEAPOLIS, Minnesota (October 2, 2017) – RBC Wealth Management – U.S. today announced industry veteran Michael Parker will join the firm as head of Advisor Recruiting. Formerly of Hightower Advisors, Parker will take the firm’s recent surge in hiring to the next level, with a focus on building the strongest network of financial advisors in the U.S.
“Over the past year we’ve made numerous investments in technology and people, all with the goal of strengthening the advisor-client relationship,” said Michael Armstrong, CEO of RBC Wealth Management. “That story of growth is resonating with some of the top talent in the industry.”
“We are just wrapping up one of our best recruiting years on record,” said Tom Sagissor, president of RBC Wealth Management – U.S. “With a skilled business development executive like Michael Parker leading the charge, we will build on that momentum.”
At Hightower Advisors, Parker served as executive vice president and chief development officer. In this role, he was responsible for driving revenue growth for the organization, successfully leading the firm to a Top 5 industry ranking in recruiting results as well as stellar performance in organic growth. He was also the architect of an award-winning practice management platform.
“RBC Wealth Management – U.S. is a firm with a stellar reputation and enormous potential for growth,” Parker said. “No other firm has been able to combine a boutique feel within an established, global financial institution without infringing on financial advisor autonomy, flexibility and choice. Couple that unique culture with new and growing investments in people, process and technology, and RBC Wealth Management – U.S. really stands out among the competition.”
Parker is the latest in a series key leadership hires at RBC Wealth Management – U.S. over the past year. Other recent additions include Sean Kellenberger, head of Marketing; Amit Sahasrabudhe, head of Strategy & Technology; Ann Senne, head of Advice & Solutions; Angie O’Leary, head of Wealth Planning; and Bryan Mullin, head of Alternative Investments.
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 $310 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.
Nicole Garrison, 612-371-2999, nicole.garrison@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.