Two advisors who managed a combined $185 million in client assets joined RBC Wealth Management, a spokeswoman said.
Advisors Alex Fritzsche and Jennifer Edgell left Merrill Lynch and Wye Financial & Trust respectively, and plan on teaming together at RBC. They will work from the Easton, Md., office and report to Mike Crowell, director of the firm's Baltimore complex.
Both generated about $1.3 million in annual revenues before making the move, an RBC spokeswoman said. Fritzsche started his advisory career in 2002 with Morgan Stanley, according to FINRA BrokerCheck records. He moved to Bank of America Investment Services in 2005, staying through BofA's merger with Merrill a few years later.
Edgell began her career with Janney Montgomery Scott in 2005, and moved to Wye Financial in August 2008. Also joining RBC is Karen Kruse, a client associate.
Earlier this month, RBC picked up another Merrill advisor who generated more than $1 million in production while at the wirehouse. Advisor Kurt Kharouf, who managed $117 in assets, joined RBC's Canonsburg, Pa.
RBC has currently 1,900 financial advisors and $270 billion in total client assets.
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