RBC Wealth Management has added the KPM Wealth Advisory Group to its Dallas office. The team manages approximately $1.6 billion in assets.
KPM Wealth Advisory Group has spent roughly a decade building its client base and expanding its wealth management business. During that period, the team nearly doubled its assets under management from approximately $800 million.
The group selected RBC Wealth Management as its next platform to support its continued growth and long-term ambitions. The move gives the team access to RBC’s broader wealth management capabilities, technology, investment resources and institutional infrastructure.
For RBC, the addition strengthens its presence in Dallas and expands the scale of its advisor network in Texas. The firm continues to recruit established teams serving high-net-worth and other sophisticated wealth management clients.
The announcement was made by Matthew J. Wunder, managing director and branch network director at RBC Wealth Management. Additional details about the KPM Wealth Advisory Group’s members, previous affiliation and transaction terms were not disclosed.
KEY QUOTE:
“After a decade of building strong client relationships and nearly doubling their assets under management from $800 million to $1.6 billion, the team knew it was time to partner with a firm that could match their ambitions, and RBC does exactly that.”
Matthew J. Wunder, Managing Director and Branch Network Director at RBC Wealth Management
