RBC Wealth Management has added a Conshohocken team from Wells Fargo Advisors which manages $455 million in assets, writes Jeff Blumenthal for the Philadelphia Business Journal.

Salon Magura Private Wealth Group is led by name partners Rob Salon and Pari Hashemi Magura and also includes client associates Catherine Playford and Olivia Lawler.

According to Scott Ceniccola, Philadelphia complex director at RBC Wealth, Salon and Magura were “attracted to the RBC Wealth Management culture, accessibility to management, and size of the organization.”

Salon started his career in 1996 with UBS Wealth Management. He joined Morgan Stanley in 2004 and Wells Fargo Advisors eight years later. Magura joined Morgan Stanley in 2008 and decided to follow Salon to Wells Fargo four years later.

RBC Wealth Management is a subsidiary of Royal Bank of Canada. It provides private banking, credit, investment management, asset management, and other services to primarily high-net-worth and institutional clients.

In the United States, the firm has $619 billion in total client assets and over 2,100 financial advisors across 191 locations in 42 states.

Read more about the team in the Philadelphia Business Journal.

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