RBC Wealth Management
has expanded its advisor base in California with a team of hires from
Wells Fargo Advisors, the brokerage unit owned by San Francisco,
CA-based Wells Fargo, Reuters reports.

Tim Bockhold and Bob Voorhees, senior vice president and first vice
president respectively, previously managed over $200 million in client
assets with their team at Wells. According to the report, at RBC they
operate from the office in Newport Beach and are joined by client
associates Maureen Ortiz and Kathleen Carroll.

The firm could not be contacted in time before publication. 

The Newport Beach office now has 14 advisors. David Thompson, branch
manager, reportedly said he hopes to add “at least five advisors within
the next 12 months.”

Previously, Bockhold and Voorhees worked at AG Edwards & Sons, moving to Wells after Wachovia acquired the firm in 2007. 

“The big institution...was not where they felt comfortable,” Thompson
is quoted as saying in the report. “They were looking for more of a
boutique feel.”

In other recent moves, earlier this month RBC added two financial
advisors - formerly of Morgan Stanley Smith Barney - to its Washington,
DC, broker force.