RBC Wealth Management has recently made its biggest team hire to date, acquiring a highly esteemed group of advisors from UBS. This “powerhouse” team, known as the ESOP Group, brings with them an impressive track record of overseeing $5.5 billion in client assets.
Leading the team is Leslie Lauer, a prominent figure in the financial industry, who has been ranked among ‘s Top 1,200 Financial Advisors and Top 100 Women Financial Advisors for 2023. The ESOP Group itself has also been recognized as one of ‘s Top 100 Private Wealth Management Teams for the same year.
Specializing in employee stock ownership plans (ESOP), the ESOP Group offers invaluable advice to corporate clients on a variety of topics such as cash management, executive compensation, and repurchase obligation objectives. It’s worth noting that only 1.4% of the team’s assets are institutional, highlighting their expertise in serving individual clients. Additionally, the group also provides guidance on business succession planning, as mentioned on their former profile on UBS’ website.
Having been founded in 1989, this ten-person team is based in Atlanta. When asked about their move to RBC, Leslie Lauer mentioned that they were drawn to the company’s corporate culture and extensive resources. She expressed her confidence in RBC Wealth Management’s supportive leadership and culture, which would enable them to focus on delivering exceptional service to their clients during the crucial business transition process.
With this significant addition to their team, RBC Wealth Management is poised to provide even greater value and expertise to their clients.
RBC Wealth Management Attracts Prominent UBS Advisor Team
RBC Wealth Management has successfully recruited a highly experienced advisor team from UBS, further strengthening its position as a top destination for top-tier financial professionals. Led by respected advisor Lauer, who had been registered with UBS for an impressive 17 years, the ESOP Group is comprised of a talented and accomplished group of private wealth advisors and senior financial associates.
The team includes esteemed private wealth advisors Rebecca Glasgow and Curt Rubinas, who have both dedicated nearly two decades to UBS. Additionally, senior financial associates Kurt Hirshman and Catherine Mericka bring their extensive expertise to the ESOP Group. Senior client associates Andrew Becket, Dana Breland, Dianna Moore, and Christy Dryden, as well as client associate Rebecca Leichter, complete the team.
RBC’s ability to attract such a high-caliber team is a testament to its ongoing success in drawing top talent from competitors. Over the years, RBC has consistently recruited advisors with assets exceeding $1 billion, but the addition of the ESOP Group has propelled its recruitment efforts even further. This notable achievement includes the successful recruitment of a $1.1 billion advisor team from UBS earlier this month.
Tom Sagissor, President of RBC Wealth Management-U.S., expressed his enthusiasm for the ESOP Group’s decision to join RBC, stating, “This talented and forward-thinking team is further proof that RBC Wealth Management continues to be the firm of best fit for the industry’s top advisors.”
RBC Wealth Management, the U.S. wealth management division of RBC Capital Markets, boasts an impressive network of over 2,100 financial advisors and manages a total of $515 billion in client assets.
