Dain Rauscher has been renamed RBC Dain Rauscher, effective today, according to the firm.
Royal Bank of Canada (RBC) completed its acquisition of Tucker Anthony Sutro and began integrating the firm with its U.S. broker/dealer subsidiary, Dain Rauscher Inc., creating the nation’s ninth largest full-service brokerage firm, according to the firm.
Tucker Anthony Sutro’s offices and units will continue to operate under their current names, changing to the RBC Dain Rauscher name when systems convert and legal entity changes are completed in 2002. The integration of RBC Dain Rauscher and Tucker Anthony Sutro creates a combined sales force of nearly 2,100 reps in 165 brokerage offices across 41 states.
In a prepared statement, Irving Weiser, CEO of Dain Rauscher, said, “With the addition of Tucker Anthony Sutro, we are in position to serve clients from coast to coast.”
For more information, click on www.royalbank.com.
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