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ubs advisors defect to raymond james and rbc amid compensation changes

Raymond James and RBC Wealth Management have recently recruited advisors from UBS, managing over $690 million in assets, amid concerns of advisor attrition due to UBS's new compensation structure. Russell Cappelen joined Raymond James in Florida, while Jordan Grangard and his team moved to RBC in Las Vegas, enhancing their capabilities in wealth management. UBS's changes may lead to a potential loss of up to 600 advisors by 2025, as dissatisfaction with the new pay model grows.
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United States Dollar Raymond James Financial, Inc. USA Diane Nelson Derek Smith Cheyeanne Escanuela Todd Tuckner Jelena Draganic Louis Diamond Show more
Business & Industry, News Article
18:52 21.03.2025
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