Rosen Wealth Management, with $390 million in assets under management, and Michael Greth, with $170 million in clients assets, have joined RBC Wealth Management from Wells Fargo Advisors.
Rosen Wealth Management, based in San Francisco, includes managing director and financial advisor Bruce Rosen, investment associate Mary DuSablon and senior client associate Mia Manahan. Greth is a 14-year industry veteran joining from Wells Fargo Advisors in West Des Moines.
RBC Wealth Management is an independent broker-dealer and registered investment advisor headquartered in Minneapolis. It has approximately 1,800 financial advisors and over $100 billion in regulatory assets under management.
RBC is among a host of firms such as Stifel Nicolaus, Ameriprise and Raymond James that are swiping Wells Fargo advisors as the large wirehouse suffers attrition from structural changes and reputational damage that stems from a series of scandals.
An RBC spokesperson said the company is not commenting on the number of financial advisors that have moved to its platform.