RBC Wealth Management Draws $500M FA from Goldman Sachs  

RBC Wealth Management has lured a financial advisor from Goldman Sachs, where he oversaw about $500 million in client assets.

Daniel Carollo, based in the firm’s Florham Park, NJ, branch, joined the firm on July 22, as managing director and financial advisor, RBC Wealth Management confirmed to Connect Money. 

Carollo provides wealth management and asset management to high-net-worth clients that include families and corporate executives and chose RBC Wealth for its capabilities and offerings within the high-net-worth space, including “lending and the competitive RBC Premium Savings program,” RBC said. 

“Daniel is a well-respected professional who brings a holistic approach to wealth planning,” Steven Ornstein, RBC Wealth Management’s North Jersey complex director, said. “He combines his expertise in law and financial services to find solutions to complex problems, and I’m excited to have him on board.” 

Earlier this month, RBC Wealth added New York-based Hudson River Wealth Management, which oversees $1.7 billion in client assets from UBS Wealth Management. 

RBC Wealth Management, a subsidiary of RBC Capital Markets, has about $259 billion for 477,674 accounts, according to its latest Form ADV filed in June.

Pictured: Daniel Carollo