Lori Monaco, a reputed wealth management industry professional in Miami, has been developing her professional career at Morgan Stanley since January this year, following over 10 years at RBC Wealth Management. According to industry sources, who have confirmed the appointment, Morgan Stanley has acquired about 80% of the assets of RBC Wealth Management’s Miami office, which has been closed, along with the international private banking offices of the Canadian bank in USA.
Lori Monaco, Senior VP Financial Advisor at Morgan Stanley, attends to both domestic and offshore clients, and holds a CFA degree, as well as being fluent in English and three other languages: Spanish, Portuguese, and French.
Monaco has worked at RBC Wealth Management from 2004 to January 2015. In fact, she was hired to establish the Broker Dealer business in Miami and was branch manager in this city from 2004 to 2006. She has always worked as Financial Advisor, advising on investment solutions for wealth management clients.
According to her LinkedIn profile, she previously held the post of CIO at Coutts USA International for a period of four years, and was responsible for the Advisory and Execution team in Miami, focusing mainly on non-resident HNW and UHNW clients.
Previously, from 1995 to 2000, she worked as Head of Research at Vestrust in Miami, covering Latin American Corporate Debt, specializing in the Media and Telecommunications sector. She had previously spent four years in New York as an analyst in the technology sector. Therefore, Lori Monaco has over 25 years experience in the investment and wealth management industry.
Robert Alegria, Richard Earle, and Javier Valle, who head one of the most seasoned RBC Wealth Management teams in Miami, also decided to join Morgan Stanley earlier this year. Safra National Bank of New York, Safra Securities and J.Safra Asset Management, have also recruited a large group of investment advisors from RBC Wealth Management, distributing them amongst the bank's offices in Brickell, Aventura, and New York.