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$600M Morgan Stanley team joins RBC Wealth Management

Two Morgan Stanley brokers from Boston and two associates joined RBC Wealth Management Aug. 8, according to AdvisorHub, which cited an RBC spokeswoman.

The team, made up of brokers Paul Roche III and Christopher Bayles and associates Jennifer Reardon and Yuri Dagan, produced about $3.7 million. Roche and Bayles managed $600 million in assets in the last 12 months.

Separately, broker Allen Smith joined the company from Hilltop Securities in Plano, Texas. He managed $180 million in client assets.

RBC Wealth Management is a wholly owned unit of Royal Bank of Canada.