Taggart, who has more than 35 years of industry experience, is the group’s founder, the firm said in a statement. Joining from JP Morgan, the Taggart group also includes Dalia Bubbico a senior business associate, Jerry Azzollini a senior financial associate, and Ria Taggart a senior registered client associate.

“Our team is committed to delivering attentive, concierge-level service to our clients, along with the capability and experience to help them navigate the complexities that high net worth individuals and families often face,” Taggart said. “Joining RBC Wealth Management will allow our team to leverage the firm’s extensive resources and enhance our client experience,” he added.

“They will be a tremendous asset to our firm,” Steve Ornstein, North Jersey complex director at RBC Wealth Management – US, added.

The move comes after the Royal Bank of Canada reported net income of C$4 billion for the quarter ending on April 30, 2024, up by $270 million or 7 per cent from the same period a year ago, with record earnings in capital markets as well as higher results in wealth management. See more commentary here.

In the US, RBC Wealth Management operates as a division of RBC Capital Markets, and is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. It has $583 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states. The firm has also just expanded its Southern California presence, bringing two financial advisor teams to its Bel Air office from Merrill Lynch. See more commentary here.