Mark Panfil and Aldo Lozano, join RBC Wealth Management from Wachovia, where the duo had $190 million in assets under management and over $3.1 million in trailing twelve-month production.

Mr Panfil was formerly a senior vice president, director of investments; his focus is on dynamic asset allocation, risk management and credit markets for their clients. Mr Lozano focuses on risk management and retirement planning.

In their new roles, Messrs Panfil and Lozano report to Ken Sullivan, Beverley Hills complex director.

Earlier this month a $400 million dollar team joined RBC's Beverley Hills office from Citigroup’s Smith Barney brokerage unit.

The team – known as the Schwarz Group – consists of financial consultants Don Schwarz, Jeff Horn and Peter Heilbron, along with registered sales assistants Marianne Talavera and Stephanie Hunter.

In addition, financial consultant Steven Tomingas, who was not part of the team at Smith Barney, also joins the Schwarz Group at RBC Wealth Management.

Since 1 November 2008, the start of its current fiscal year, RBC Wealth Management has recruited 183 advisors; 157 advisors were hired for the whole of the previous year.

In the US, RBC Wealth Management operates in 200 locations in 43 states. Internationally, the firm employs over 4,000 financial consultants in offices across Canada, the US, Europe, Latin America and Asia.

RBC Wealth Management has approximately $220 billion in global assets under management and $450 billion in assets under administration.