RBC Wealth Management Hires $1.4 Billion Team From Merrill Lynch

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RBC Wealth Management, a unit of Royal Bank of Canada, has notched another significant recruiting win, announcing the addition of a $1.37 billion team from Merrill Lynch.

The Ruccio Group, based in Miami, serves a roster of ultrahigh-net-worth clients that includes CEOs, real estate investors, and private-equity partners.

“We are absolutely…

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