RBC Wealth Management, part of Royal Bank of Canada, has boosted its Princeton, New Jersey office with the addition of financial consultants Bruce Weinstein and Chris McLaughlin from Wachovia Securities. Last week RBC Wealth Management announced that it had hired two Wachovia advisors for its Beverley Hills office.

Messrs Weinstein and McLaughlin, who focus on financial planning and fee-based asset management, have combined assets under management of over $100 million and more than $1.05 million in production. At RBC Wealth Management’s Princeton office the pair report to Steve Waitneight, branch director.

News of the appointments follows the announcement that Mark Panfil and Aldo Lozano, formerly of Wachovia, had joined RBC Wealth Management in Beverley Hills. The duo have $190 million in assets under management and over $3.1 million in trailing twelve-month production.

Since 1 November 2008, the start of its current fiscal year, RBC Wealth Management has recruited 185 advisors in the US; 157 advisors were hired for the whole of the previous year. The firm has tapped a number of its rivals in the US, several times for multiple teams. In addition to Wachovia, UBS, Merrill Lynch and Smith Barney have lost teams to RBC Wealth Management since the start of the year.

In the US, RBC Wealth Management operates in 200 locations in 43 states. Internationally, the firm employs over 4,000 financial consultants in offices across Canada, the US, Europe, Latin America and Asia.

RBC Wealth Management has approximately $220 billion in global assets under management and $450 billion in assets under administration.