RBC Wealth Management-U.S. grabbed a trio of financial advisors generating $1.8 million in annual revenue from Oppenheimer & Co.
Advisors Paul J. Pallo, Jeffrey Laster and Frederick Levine joined RBC's office in Florham Park, N.J. Also moving to RBC are Paula Kirejevas, senior registered client associate, Jenilee Hill, registered client associate and Kyle Boughton, client associate.
The group managed $151 million in assets while at Oppenheimer.
Laster has been in the business since 1977, according to FINRA records. He worked at firms such as Bear Sterns, Smith Barney, Lehman Brothers and L.F. Rothschild. Pallo started his financial services career in 1983, according to FINRA records. Both he and Laster had been at Oppenheimer since 2008. Junior team member Levine started his career in 1992 with D.H. Blair.
RBC has recruited two other advisor teams this month. A Wells Fargo team managing $116 joined RBC in Ft. Lauderdale, Fla., while a Merrill Lynch team with $103 million in AUM joined RBC's Indianapolis office.
In total, the Canadian-owned firm has about 2,000 advisors and more than $278 billion of assets under administration.
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