RBC Wealth Management has lured an eight-person team that oversees $1.7 billion in client assets from UBS Wealth Management in New York. 

Purchase, NY-based Hudson River Wealth Management is led by financial advisors Steven Solomon, Lauren Konstantin, Kevin Bertoncin, and Roger Matles. The team is also supported by senior financial associate Leonard Solomon, senior business associate Izabella Wszolek, senior registered client associate Peggy Athanasatos, and registered client associate Elena Tashlitsky, RBC said. 

The team offers “customized” wealth management and investment advisory services to ultra-high-net-worth individuals, according to their UBS profile. 

Before joining UBS Wealth Management in 2010, Hudson River Wealth, founded by father-and-son duo Steven and Leonard Solomon, came from Morgan Stanley and its Smith Barney predecessor brokerage firm and Citigroup, where they managed about $308 million in assets, according to Reuters. 

“The Hudson River Wealth Management group is an elite team of advisors who have researched the industry and concluded that RBC Wealth Management is the most suitable firm to serve their clients and grow their practice,” John Moran, New York Metro Complex Director at RBC Wealth, said. “Financial advisors who are joining our firm appreciate the culture of the organization, our management structure and the direct access that they have to senior leaders.” 

In July, RBC Wealth Management acquired two financial advisory firms from Janney Montgomery Scott with a combination of $570 million in client assets. 

RBC Wealth Management, a subsidiary of RBC Capital Markets, has about $259 billion for 477,674 accounts, according to its latest Form ADV filed in June.