The Bockhold-Voorhees wealth management group joins RBC as recruitment picks up at the Newport Beach, Calif., office.

The Bockhold-Voorhees Wealth Management Group, including Tim Bockhold, Bob Voorhees, Maureen Ortiz and Kathleen Carroll, have moved from Wells Fargo to RBC Wealth Management's Newport Beach, Calif., office.

Recruitment has been picking up as advisors at large firms look for a smaller, boutique feel. So far this year, the Newport Beach office has hired four advisors including Bockhold and Voorhees, and the branch plans to bring on about a half dozen more.

"What we're offering is large institution capability, but a boutique offering. So we're in a nice position. We think we're in a sweet spot where we don't have to defend all the news with what's going on with our company, but we can offer a lot of the same services that the large broker-dealers can offer," Thompson said in a phone interview. "We've been getting phone calls from advisors unsolicited."

The Bockhold-Voorhees team managed more than $200 million in client assets and generated approximately $1.75 million in revenue. Thompson expected that most of their AUM would transfer over from Wells Fargo to Minneapolis-based RBC.

"Everybody's been very receptive in moving," he said. "So far we're about 7 days into this and they're moving a lot."

Bockhold, who has 18 years in the industry, joins as senior vice president; With 11 years of experience, Voorhees will be first vice president; Ortiz's position will be Senior client associate; and Carroll will be client associate.

Mason Braswell writes for On Wall Street.