MINNEAPOLIS, Minnesota (October 15, 2018) – RBC Wealth Management, one of the nation’s largest full-service wealth management firms, announces that the Houston and Dallas complexes will join together to form the new Texas complex. The new complex, which will be the largest complex in the firm, will be led by Andy Teller, currently the complex director in Dallas.
“The creation of the Texas complex is a thrilling undertaking,” said Tom Sagissor, president of RBC Wealth Management – U.S. “Texas is a very important market and we need a cohesive strategy and a focused leader to help us grow our business in the state.”
“With a proven track record of success and his exceptional leadership skills, Andy will lead the Texas complex in an exciting direction,” said Darryl Traweek, director of the West division. “He is outstanding at both recruiting and retaining financial advisors, and leverages all resources to create the best client experience possible.”
The Texas complex includes 13 branches in Austin, Dallas, Tyler, Fort Worth, Midland, San Antonio, Frisco, Longview, Sugar Land, Houston, West Houston, Houston Galleria, and Oklahoma City, OK. The complex has a total of 240 employees, including 140 financial advisors.
Teller, who has led the Dallas complex since 2005, has been honored as RBC Wealth Management’s Complex Director of the Year in 2007, 2011, 2014, 2015, and 2016 as well as earning the Recruiting & Onboarding Award in 2015, 2016, and 2017. Under his leadership, the Dallas Complex was presented with the 2008, 2011, 2012, 2014, 2015, 2016, and 2017 Outstanding Complex Award, given to the top complex on their performance in areas of profitability, net revenue growth, net income, as well as other areas that determine complex excellence. Teller has also been named to On Wall Street’s Top 10 Branch Managers list and the publication’s Top 100 Branch Managers list.
Teller is incredibly active in the community, volunteering and serving on the Executive Board of SMU’s Meadows School of The Arts. He previously served as Chairman at TACA (The Arts Community Alliance), board member of Shelton School in Dallas, and the New York Military Academy. Additionally, under Teller’s direction, RBC became the title sponsor of the RBC Tennis Championships of Dallas – a United States Tennis Association Pro Circuit International Men’s tournament, as well as the RBC Pro Challenge in Tyler, TX and supports the Little MO Nationals.
“Texas is one of the most unique and dynamic markets in the United States with unbridled enthusiasm and pride,” said Teller. “By combining the two complexes, we will be able to leverage our scale to capitalize on the continued growth throughout our region. We’ll do this with a steadfast commitment to excellence and world-class financial advice delivered by the highest quality financial advisors and support staff.”
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 $353 billion in total client assets with approximately 1,800 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.