A team that formerly worked for UBS is joining RBC Wealth Management's new branch in Purchase, New York, the firm announced. The nine-member Centennial Wealth Management Group has managed about $1.1 billion in client assets.
Its five advisors are Glenn R. Bianco, Michael G. Daly, George P. Kanas, Marisa Bianco and Marc N. Colamaria, who serve high-net-worth individuals, professional athletes, medical professionals, entrepreneurs and business executives.
Daly, who was with UBS for 14 years, earlier worked for Morgan Stanley for four years, as well as for Citigroup and First Union Securities.
“The Centennial Wealth Management Group, formerly one of UBS' elite teams, has helped clients through four recessions, a pandemic and several market corrections,” said John Moran, RBC Wealth's New York metro complex director. “This team is skilled at navigating various aspects of wealth planning, and we are excited they decided to join RBC Wealth Management.”
The Centennial news comes about one month after an eight-member team working with $1.6 billion of assets moved to RBC Wealth from UBS in Boise, Idaho.
RBC Wealth currently serves clients from 192 locations in 42 states. It had more than 2,200 financial advisors and $667 billion in total client assets as of Jan. 31.
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