RBC Wealth Management has recruited yet another multibillion-dollar advisor team at UBS' expense.
RBC Wealth Management said it has added an eight-person team managing $1.6 billion in client assets from UBS, marking the latest in a series of defections from the Switzerland-headquartered wirehouse to the Canadian bank subsidiary over the past several years.
The Dalton Bahney and Treinen Wealth Management Group has joined RBC’s Boise, Idaho, office. The team includes Sandra Dalton, William Bahney, Michael Treinen, Benjamin Dalton, Jeffrey Potter, Breanna Brandon, Ryan Whitney and Caroline Ren. They bring more than 100 years of collective experience and previously ranked first on the 2025 Forbes Best-in-State Wealth Management Teams list.
“The team ... [is] well respected among their clients and their peers, and we are excited to welcome them to RBC,” Rocky Mountain Complex Director Dan Ball said in a statement.
RBC Wealth Management, founded in 1909 and a subsidiary of Royal Bank of Canada, had $667 billion in US client assets as of January 31. It operates with more than 2,200 financial advisors across 192 locations in 42 states.
RBC Wealth Management has attracted several seven-figure AUM teams from UBS in recent years.
In 2019, RBC made its largest-ever recruitment when it added a Los Angeles-based team from UBS overseeing $7.5 billion. In August 2023, it welcomed the ESOP Group, a $5.5 billion practice based in Atlanta led by Leslie Lauer, Rebecca Glasgow and Curt Rubinas.
A year later, in September, RBC announced the arrival of the 770 Group, a multigenerational Atlanta-based team with $2.8 billion in assets and more than 200 years of combined industry experience. That group was led by William H. Pahl, Jr., James Casey Jones, Scott C. Serafin and Jefferson D. Pace II.
RBC has also lured over UBS advisors and teams with more modest books, including its March addition of a $300 million advisor operating in Las Vegas.
Large or small, the movements from UBS to RBC have taken on particular significance since the very tail end of last year, when UBS announced plans to reconfigure its pay plan for advisors. The fallout from that decision has been dramatically to the downside, with UBS tagged by at least one recruiting firm as "the biggest loser of advisor share in 2025."
Aside from RBC, other firms and platforms have seen walkouts from UBS come to their door, including Merrill Lynch and Wells Fargo as well as Sanctuary Wealth.
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