RBC Wealth Management has signed the Pahnke Wealth Management Group in its Phoenix office.

The Pahnke group, which joins the firm from Robert W Baird in Scottsdale, is led by Glenn Pahnke. He brings along a team of finance specialists, including senior financial associates Mark Ackel and Mona Johnson and registered client associates Kay Kulbeth and Kerry Patel. Pahnke is one of Baird's top producers with more than $300 million in assets under management and production of $2.4 million.

RBC Wealth Management, which has over $200 billion of assets under administration, has been actively recruiting from numerous competing firms as it expands its reach both in the US and worldwide. In the US, it operates 199 offices across 42 states and supports a network of around 2,100 financial consultants.