Advisor Group adds $212 million team from Cetera

Advisor Group adds $212 million team from Cetera
Westlake Village, California-based Silverberg Wealth Management is joining NWF Advisory Group, which is affiliated with Royal Alliance.
APR 18, 2023

A firm with three advisors that oversaw $212 million at Cetera Financial has affiliated with Advisor Group. Silverberg Wealth Management in Westlake Village, California, is joining NWF Advisory, which is part of Royal Alliance, a member of the Advisor Group network, Advisor Group announced Tuesday.

Silverberg Wealth Management is headed by president Marcus Silverberg, who has 23 years of experience, according to his BrokerCheck report. The firm includes advisors Victor Mastrella and Gregg Turkin, and staffer Dana Toth.  

"When we decided to change firms, we had several compelling offers,” Silverberg said in a statement. “We felt that NWF, with the backing of Advisor Group, provided the right alignment for our values and needs. Experiencing their state-of-the-art technology, flexibility and team approach makes us wish we made this move sooner."

Latest News

Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney

Nine-month electronic trading freeze and share lending program at the center of dismissed claim.

RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone
RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone

Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.

Rethinking diversification amid a concentrated S&P 500
Rethinking diversification amid a concentrated S&P 500

With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.

Merrill pays second settlement to former Miami Dolphins player, client of ex-broker
Merrill pays second settlement to former Miami Dolphins player, client of ex-broker

Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.

Schwab touts AI as its biggest growth lever at investor day
Schwab touts AI as its biggest growth lever at investor day

The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline