M and A

RBC Wealth Management Adds $640 Million NJ Team

Editorial Staff July 15, 2024

RBC Wealth Management Adds $640 Million NJ Team

RBC Wealth Management in the US has $583 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states.

RBC Wealth Management has brought in a team based in Paramus, New Jersey, with about $640 million of client money. 

Prior to this, the Callot Wealth Management team worked at Merrill Lynch

The group includes:

-- David Callot, managing director – financial advisor, with 32 years’ industry experience; 
-- T Chris Braun, associate financial advisor; 
-- Jon Schulz, investment associate; 
-- Evan Levitsky, senior financial associate; and 
-- Patricia Kramer, senior client associate

Left to right: Patricia Kramer, Chris Braun, David Callot, Jon Schulz

Among other developments, in June, a Virginia-based team of financial advisors, previously at Truist and running about $915 million in assets, joined RBC Wealth Management. 

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes