Advisor Group Recruits Silverberg Wealth Management To Royal Alliance

Chris Latham, Deputy Managing Editor, Wealth Solutions Report

Silverberg Wealth Management Joins Advisor Group’s Royal Alliance, Bringing $212 Million In Client Assets And Three Advisors From Cetera

Three Westlake Village, California-based financial advisors joined Advisor Group from Cetera, bringing $212 million in client assets to NWF Advisory Group (NWF), which is among the largest teams affiliated with Royal Alliance.

Marcus Silverberg, President, Silverberg Wealth Management

Silverberg Wealth Management consists of Marcus Silverberg, its President, along with advisors Gregg Turkin and Victor Mastrella, as well as Branch Operations Manager Dana Toth. Silverberg and Toth both have more than 20 years of financial services experience, Turkin has 19 years of industry experience and Mastrella has been in wealth management for 15 years.

Greg Cornick, President, Advice & Wealth Management, Advisor Group

“On behalf of Advisor Group, I’d like to welcome Marcus, Gregg and Victor to our team,” Greg Cornick, Advisor Group’s President, Advice & Wealth Management, said in a press release. “We are committed to ensuring these talented professionals have the ongoing service and support they need to ensure their future success. NWF’s continued growth in the marketplace is a testament to the value of providing the highest standards of advisor and client care in the industry.”

NWF is a Los Angeles-based firm that was founded in 1969 and has satellite offices throughout California. Royal Alliance, which also was founded in 1969, has more than 3,600 affiliated independent financial advisors nationwide. Advisor Group, a portfolio company of Reverence Capital Partners, serves approximately 10,000 financial professionals.

For full-year 2022, Advisor Group reported total gains of $84.2 billion in client assets and bringing on more than 1,800 financial advisors. Its acquisitions last year included American Portfolios Financial Services and Infinex Financial Holdings, which respectively added $33 billion and $30 billion in assets.

Last month, Advisor Group launched a digital Personal Credit Line securities-based lending solution, for financial professionals to help clients solve their liquidity needs. It enables clients to borrow against their investments without lowering the value of their portfolios. Part of the potential value-add for advisors is maintaining the course on clients’ long-term financial plans, throughout unanticipated life changes, instead of liquidating assets to address a cash crunch.

“It’s exciting to continue our growth with the addition of Silverberg Wealth Management,” Shehab Mohammad, President of NWF, said in the press release. “Marcus and his team have built an impressive business over the years by managing their clients’ wealth through various market cycles while providing consistently excellent client experience. At NWF, they will be able to leverage our resources, scale and expertise to help them take their business to the next level.”

Chris Latham, Deputy Managing Editor at Wealth Solutions Report, can be reached at

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