RBC Wealth Management continues scooping up UBS financial advisors, most recently adding a pair of veteran brokers to its Denver complex, RBC says.

Kelly McGrew and Richard Dodge, who collectively oversaw $385 million, have joined RBC’s Colorado Springs, Colo., branch, according to a press release from RBC.

McGrew has been in the financial services industry for 36 years and credits RBC’s “client-first, advisor-friendly culture” for convincing him to join the firm, according to the press release.

Dodge, who’s been in the industry for 33 years, cites RBC’s “reputation for integrity, corporate responsibility and overall fiscal stewardship,” RBC says.

RBC has picked up several UBS brokers in recent weeks.

Last month, RBC added two teams of UBS advisors in Pittsburgh and a pair of veteran brokers in Colorado.

A team of UBS brokers in Connecticut came to RBC in August.

Over the past three months, RBC also scooped up advisors from Merrill Lynch and Ameriprise, although it also lost brokers to Baird, Stifel Financial and Robertson Stephens Wealth Management.

Late last month, RBC appointed a new head of advisor recruiting, who told FA-IQ that she’ll focus on boosting diversity and adding more women to the firm’s financial advisor force.

Currently, RBC has more than 1,900 advisors overseeing $384 billion from 170 locations in 42 states, according to the press release.

UBS, meanwhile, has been mostly shedding advisors in recent months, although it’s also poached some large producers from rivals.


Since the end of June, in addition to RBC, several experienced UBS brokers have also left for First Republic, JPMorgan, Wells Fargo Advisors, an LPL Financial OSJ and taken off to Baird.

But during the past three months, UBS also managed to lure a pair of Merrill Lynch brokers managing $440 million, as well as several advisors from Wells Fargo, Citigroup and HSBC.