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Stout, who sold her firm to OneDigital in 2021, will lead Prime Capital Retirement and Prime Capital Wellness.

Lisa Roberts joined the firm in 2023, previously serving as the head of U.S. markets. She will succeed Doris Meister, who stepped down earlier this year.

The Quarry Lake Group is the second announced team moving from the wirehouse to RBC Wealth Management this week.

The combined firm will be based in Los Angeles. In 2022, Crescent Bay received a minority investment from Merchant Investment Management.

A Georgia-based advisor is also moving from Edward Jones to Raymond James’ independent advisor channel.

The new wealth management firm has assembled a team of 20 professionals from Citi, Greenway Wealth Management, Interactive Brokers and Fidelity, among others.

The RIA acquirer sued Lars Knudsen earlier this year, alleging the advisor broke his non-compete after he was fired. He believes Hightower dismissed the charges because it expected a judge to rule in his favor.

Fort Worth, Texas-based Melinda Johnston represents the second $1 billion-plus advisor to leave the wirehouse for Raymond James this week.

Dougherty, Tedesco & Associates joined Osaic via the firm’s acquisition of Lincoln Financial’s wealth business, which closed in May.