The firm, part of Canada's RBC, said its expansion comes on the back of a growth drive that has seen its new advisor headcount rise by more than 22 per cent since 2020.

RBC Wealth Management has expanded into Louisiana with a new branch in New Orleans run by a five-person team. 

The Heller Stieffel & Noto Wealth Management team, which launched the new office, joined from UBS where they managed more than $1.2 billion in client assets.

The group includes:
-- Mark H Heller, manging director – financial advisor; 
-- Diana Dalton Stieffel, MP – financial advisor; 
-- Andrew B Noto, financial advisor; 
-- Terri Folkins, senior investment associate – branch service manager; and 
-- Colleen Kirkpatrick, senior client associate.

“RBC Wealth Management has experienced strong, sustained growth over the past several years and we continue to carry the momentum forward,” president Tom Sagissor, said. “We are extremely pleased to open in Louisiana, as we continue to work alongside top financial advisor teams to offer a holistic approach to wealth management for ultra-high net worth and high net worth clients.”

RBC WM in the US said it has increased the new financial advisor headcount by more than 22 per cent since 2020.