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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

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RBC Wealth Management has brought in four financial advisors from Morgan Stanley Smith Barney for its Houston, TX office, according to Houston director, Jeff Heberling.

This week has also seen the addition of five advisors from MSSB, with combined assets of $530 million, to RBC's New York office.

Gene Theobald joins the firm with more than 28 years of experience, while Otho Evans and Teresa Castillo have been in the industry for 28 years and seven years respectively. 

The trio form part of a team and have an aggregate $330 million in assets under management and $2.6 million in production. Their primary focus is on tax-free municipal bonds, the firm said. 

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