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financial firms expand talent pool with new advisor hires from competitors

RBC and Wells Fargo have strengthened their teams with new hires from UBS, including the Austin and Smith Wealth Management Group, which brings $500 million in assets to RBC's Syracuse branch. Meanwhile, Raymond James has recruited advisors Lisa Fouraker and Steven Victor from Janney Montgomery Scott, enhancing its employee channel in Pennsylvania.

RBC Wealth Management attracts UBS team managing 500 million in assets

RBC Wealth Management-U.S. has attracted a team managing $500 million in assets from UBS in Syracuse, New York. Led by Thomas G. Austin and Ryan J. Smith, the move reflects RBC's strategy to recruit top talent amid UBS's recent broker attrition, which has seen a 3% decline in its Americas workforce.

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