RBC Wealth Management has added two financial advisors - formerly of Morgan Stanley Smith Barney - to its Washington, DC, broker force, according to Warren Bischoff, director of the DC complex.
At MSSB, Paul Keats, a senior vice president, and John Keats, his son, managed $253 million in client assets. The pair were latterly based within MSSB’s Bethesda, MD, office.
Paul Keats had been with the firm for over two decades and was also a member of the firm’s president's council. According to a Reuters report, he started his career at Dean Witter Reynolds in the 1970s, the report said, citing regulatory filings.
RBC’s US wealth network comprises some 2,000 advisors and is based in Minneapolis, MN.
It is understood that since the start of 2012, the firm has taken on at least 18 advisors from the likes of MSSB, Wells Fargo Advisors and Bank of America Merrill Lynch.
In June, Pedro Cañas was added to its international wealth management arm as first vice president and international financial advisor.