MINNEAPOLIS, Minn. (October 6, 2014) – RBC Wealth Management, one of the nation’s largest full-service securities firms, has welcomed Robert “Bob” Murphy, Senior Vice President – Financial Advisor to the Washington D.C. office, according to Amy Sturtevant, Director of the Washington D.C. branch.

Murphy joins RBC Wealth Management from Morgan Stanley and has over 30 years of industry experience. He has assets under management of more than $200 million and almost $2 million in production. Also joining with Murphy is JoAnne Desjardins, Senior Financial Associate.

“We are thrilled to welcome Bob to RBC Wealth Management,” said Sturtevant. “Bob is passionate about giving back to the community, and is a great fit with the culture of RBC, a firm committed to enriching the communities where our employees and clients work and live.”

Murphy is actively involved in Washington Middle School for Girls, as well as various other projects working directly with the city’s disadvantaged youth.

The addition of Murphy demonstrates RBC Wealth Management’s growth in the U.S. So far this fiscal year, RBC Wealth Management has recruited 79 new financial advisors with $5.8 billion in assets and approximately $50 million in production. Additionally, the average revenue per financial advisor has grown 69% 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