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Advised Reed, Conner & Birdwell on its sale to City National Corporation. RCB had an attractive high-net-worth and institutional franchise with $1.1 billion in assets under management. City National gained a seasoned high-net-worth and value manager to fill the investment needs of its clients. RCB continues to operate independently. Its older principals gained current liquidity while others participated in the value created by the firm's enhanced growth prospects.