Thomas Buck, the $1.2 billion ex-Merrill Lynch advisor recently discharged for allegedly making unauthorized trades and overcharging his clients, found a new job at RBC Wealth Management, according to a firm spokeswoman.

Read more: Clients Accuse $1.2B Ex-Merrill Advisor of Unauthorized Trades, Overcharging

"Mr. Buck has a long history in this industry and solid reputation of providing excellent client service," said RBC spokeswoman Nicole Garrison in a statement. "We are pleased to welcome him and his team to RBC Wealth Management-U.S."

After nearly 33 years with the firm, Buck was discharged from his position at Merrill for, "allegations including failing to discuss service level and pricing alternatives with a customer, providing inaccurate information to firm management during account reviews regarding this issue, marking cross trade order tickets as unsolicited and providing information to a client during an active account review that did not correspond to the firm's records," according to the U5 form filed with FINRA.

Buck's lawyer Brian Hamburger disputed the reasons for his termination earlier this week.

"None of the actions that comprised the bulk of the U5 that Merrill Lynch relied upon are hardly actions anyone could watch out for," Hamburger told On Wall Street. "Any producer doing any substantial volume of work would find themselves in a vulnerable position, given the standard that Tom Buck's termination establishes."

The former Merrill advisor previously settled client allegations of charging "excessive fees and unauthorized purchase of an NYSE listed limited partnership" in 2006 for $75,131, according to BrokerCheck.

FINRA records show that Buck's daughter Ann, also a Merrill advisor at the time of his discharge, and an Indianapolis Colts cheerleader, will be rejoining Buck at RBC. The team will be working from an office in Indianapolis.

RBC recently recruited eight advisors from various firms worth a combined $1.2 billion in client assets, a spokesman said. Merrill lost one advisor to the firm's Houston River Oaks Complex in Texas.

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