RBC Wealth Management is pleased to announce the addition of a five-person advisor team to its roster. With approximately $610 million in client assets, The Cypress Group, led by Managing Director Paul Brinkley, brings valuable expertise to RBC's office in Wilmington, N.C.
"Our team's mission is to provide stewardship and guidance to help our clients protect and grow their legacy," Brinkley stated. He expressed confidence in the team's ability to continue delivering exceptional service to clients at RBC Wealth Management.
Truist, the team's previous firm, did not immediately respond to a request for comment regarding the departure of the advisor team.
As a division of Royal Bank of Canada, RBC Wealth Management has solidified its position as an aggressive recruiter in the U.S. market. The wealth unit currently oversees $513 billion in total client assets, with more than 2,100 advisors operating across 190 locations in 42 states.
RBC has been successful in attracting talent from large nationwide broker-dealers like UBS and Merrill Lynch. In this instance, the newest addition to RBC comes from a large regional bank with operations throughout the Southeast. Truist, which has operations in 17 states and the District of Columbia, provided a strong foundation for the team's transition.
Joining Paul Brinkley at The Cypress Group are financial advisors Jeremy Beakes and Adam VanDamme, as well as client associates Meredith Clark and Leticia Glenn-Jones. Regulatory records show that Brinkley, Beakes, and VanDamme are all dually registered as brokers and investment advisors. They all have extensive experience in the industry, having worked at various firms before joining Truist.
The team primarily serves high-net-worth individuals, business owners, executives, and their families, focusing on providing holistic wealth planning services. RBC's south Atlantic complex director, Robin Long, commended The Cypress Group for their commitment to comprehensive wealth management, incorporating all aspects of clients' financial lives.
With this new addition, RBC Wealth Management remains dedicated to offering exceptional service and guidance to its clients.