RBC Wealth adds $450M wirehouse team in Philadelphia

A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley.

The DeCaro Eisenberg Wealth Management Group comprises four financial advisors and two client associates and follows several big value defections in recent months including another team from the wirehouse in Syracuse, New York.

The Canadian-headquartered wealth management firm has picked up teams with a combined $7.6 billion from UBS and a team from Wells Fargo, but lost a $900 million team who recently switched to LPL Financial. The firm has $544 billion in total client assets with more than 2,100 financial advisors operating in 190 locations in 42 states.

The new team joining in Philadelphia include managing director and financial advisor Roy DeCaro,

Financial advisors and vice presidents Max Eisenberg and Sean McFadden, associate financial advisor

Appalonia Tankersley, and senior registered client associates Ann Marie Ade and Chelsea Wise.

“We are very excited to have the DeCaro Eisenberg team join RBC Wealth Management,” said Scott Ceniccola, RBC Wealth Management’s Philadelphia Complex Director. “The team’s industry experience and dedication to their clients will be a great addition to our business and elevate the firm’s expertise, client offerings and presence in the Philadelphia market.”