People Moves
US Wealth Manager Taps Citigroup For Private Client Brokers

RBC Dain Rauscher, part of the Royal Bank of Canada, has hired a team of private client brokers in California from Citigroup’s Smith Barney,...
RBC Dain Rauscher, part of the Royal Bank of Canada, has hired a team of private client brokers in California from Citigroup’s Smith Barney, according to a Dow Jones Newsires report. The team are Kenneth Sullivan, Jon Jacobson and Nathan Mueller. The brokers each had more than $100 million of client assets under management when they left, said the report. RBC has more than 1,800 financial consultants and 300,000 retail customer accounts in about 40 states, while Smith Barney has more than 12,000 brokers, according to the report.