RBC Wealth Management keeps luring advisors away from UBS. Canada’s largest bank announced on Thursday that it had recruited Centennial Wealth Management Group, which previously managed $1.1 billion ...

News of the nine-person team's defection comes as the Swiss-based wirehouse welcomes a 25-year veteran from Wilmington Trust.

RBC Wealth Management—U.S. has hired a former UBS team that previously managed $1.1 billion in client assets to join a new branch in Purchase, N.Y., according to a news release.

In the long term, branches will continue to exist, but specific aspects of the banking experience will evolve.