RBC Snags Advisor With $1.5M in Production

RBC Wealth Management has hired Merrill Lynch veteran Charles “Chip” Pisoni Jr. as a senior vice president and financial advisor in its Scottsdale, Ariz., office.

He brings assets under management of more than $250 million and $1.5 million in production, according to RBC Wealth Management.

In addition to Pisoni’s 10-year tenure with Merrill Lynch, his 27 years in wealth management include more than a decade with Allmerica Investments.

RBC Wealth Management has also hired Debbie Papa from Merrill Lynch as a senior client associate. 

“RBC Wealth Management is very committed to growing our U.S presence and building out our footprint in Arizona,” Timothy D. Rannow, senior managing director and complex director at RBC Wealth Management in Phoenix, said in a statement.

This is the second senior Merrill Lynch advisor to jump to RBC this month.

Jesse Bengtson, an advisor who managed more than $230 million and generated $3.5 million in revenue at Merrill Lynch, is joining RBC in Stillwater, Minn., a suburb of Minneapolis.

RBC has more than $260 billion in assets under management and about 2,000 financial advisors.

Read more:

• Merrill Loses Advisor With $230M AUM to RBC
• Merrill Lynch Hires Two Morgan Stanley Advisors
• Wells Fargo Lands Advisors With More Than $1.1B AUM