A Merrill Lynch broker who managed around $445 million in assets has taken his practice to regional competitor RBC Wealth Management-U.S. in Stuart, Florida, an RBC spokesperson confirmed.

Mark Palombi, a 24-year industry veteran, moved along with two client associates, Shannon Murphy and Carolyn Madden, on March 2, according to BrokerCheck. The RBC spokesperson declined to comment on his annual revenue, although a source who claimed familiarity said it was around $3.8 million.

The departure extends a round of exits at Merrill in Florida at a time when it and other firms have been sharpening their focus on a rapidly growing population of wealthy clients in the state. Another former Merrill broker

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