RBC Wealth Management has recruited a team in Florham Park, NJ that manages $855 million in client assets. The team, led by veteran adviser Michael Taggart, is joined by JP Morgan.

The Taggart Group includes Senior Business Associate Dalia Bubbico, Senior Finance Associate Jerry Azzollini and Senior Registered Client Associate Ria Taggart.

Michael Taggart, who will serve as a managing director and financial advisor at RBC, has been in the industry for more than 35 years. Prior to his tenure at JP Morgan, he was with Merrill Lynch for 10 years. In a statement, he said the move to RBC will allow him to access the firm's resources and improve the client experience.

This follows news earlier this month that RBC added two teams of veteran advisors to its Bel Air, Md., office, Barnes Group and Pollard Team. The two teams moved from Merrill Lynch and managed about $900 million in combined assets.

RBC has benefited from the fallout from First Republic Bank, which was bought by JP Morgan last year, taking several teams of the former First Republic. The Taggart Group, however, was not with the First Republic.

In the run-up to the collapse of the First Republic, RBC snapped up many teams, including Mark Nickel and Michael Cox, who managed collectively about $452 million in assets. They left First Republic in early May 2023 to form the Nickel Cox Group at RBC.

A month ago, RBC snapped up a $1 billion AUM team from the beleaguered bank, one of several moves by First Republic to RBC that month.

RBC currently has $583 billion in client assets across more than 2,100 advisors in 190 locations in 42 states.