Yet another billion dollar-plus team has found greener pastures at RBC in New York, while LPL's elite employee advisor channel Linsco welcomes a veteran advisor duo from Baird in Nebraska.
RBC Wealth Management strengthened its East Coast reach yet again on Thursday with the addition of Hudson River Wealth Management, an eight-person team formerly at UBS that oversaw approximately $1.7 billion in client assets. The team joins RBC’s newly opened branch in Westchester, New York.
The group includes advisors Steven Solomon, Lauren Konstantin, Kevin Bertoncin, and Roger Matles, along with four client and business associates. They bring extensive experience serving ultra-high-net-worth households in the greater New York market.
“RBC Wealth Management is actively attracting teams who serve the ultra-high-net-worth marketplace, and we are excited about the continued growth in the region,” John Moran, New York metro complex director at RBC, said in a statement on Thursday.
Hudson River Wealth Management is the third powerhouse UBS team to join RBC in less than a month. Late last month, RBC added the Centennial Wealth Management Group, a nine-person team managing $1.1 billion in assets, also to its Westchester County office. That team is led by Glenn Bianco, Michael Daly and George Kanas.
Earlier in June, RBC brought over three other UBS advisors – Robert Miller in St. Paul, Scott Murray in Boise, and Mark Grueninger in Beverly Hills – who collectively oversaw $1.1 billion. Grueninger cited RBC’s multigenerational planning support and Southern California coverage as key factors in the move.
Those and other moves are part of a broader retention crisis at UBS, which has been among the biggest losers in the war for advisor talent so far in 2025.
As of April 30, RBC Wealth Management reported $640 billion in client assets and more than 2,200 advisors across 42 states.
Meanwhile, LPL Financial announced that advisors Charlie Narmi and Theresa Rynaski have joined its Linsco by LPL channel to form The Narmi Group Investment Management in Omaha, Nebraska. The team was previously affiliated with Robert W. Baird and reported managing approximately $870 million in client, brokerage and retirement plan assets.
Narmi, a second-generation advisor, and Rynaski have worked together for more than 20 years, focusing on multigenerational planning for clients including nonprofit groups, retirees, and young professionals.
“We pride ourselves on being a one-stop-shop for our clients,” Rynaski said Thursday. “We are honored that our clients trust us with so many important life decisions, as well as with their financial futures, and it’s a privilege to walk alongside them every step of the way.”
Earlier this year, LPL announced two other advisory practice launches at its Linsco channel: Servant Path Wealth Partners, founded by two former Synovus Securities advisors in Georgia; and Southwest Advisory Group, set up by a pair of defectors from Ameriprise in Arizona.
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