RBC Wealth Management Adds To New York Team, Brings In $530 Million Of AuM

Eliane Chavagnon

23 April 2012

RBC Wealth Management has added five advisors with combined assets of $530 million to its New York office, according to the firm’s Philadelphia, PA branch director, Scott Ceniccola.

The five advisors have an aggregate 70 years of experience in the financial services industry and specialize in retirement planning and serving high net worth individuals.

Scott Sides, Josh Smeltzer and Brock Hively - who currently operate as the Sides group - join RBC from Morgan Stanley Smith Barney and will also see the addition of financial advisor Thomas McCracken, who also joins from MSSB, the firm said.

The Sides group has a production of $2.4 million, with assets of $295 million in-house and a further $200 million of held away 401(k) assets.

Meanwhile, financial advisor Denise Potter also joins RBC as an individual producer from MSSB. She has partnered with the Sides team on her 401(k) business.

In other hires at the firm, Amy Jacobs and Linda Hickman also start as client associates.

RBC Wealth Management has around C$534 billion (around $533 billion) of assets under administration and more than C$313 billion of assets under management.