In an effort to expand its presence in northern New Jersey, RBC Wealth Management has added the Levy Tebeleff Group, formerly of Morgan Stanley, to its Parsippany office.

The team, composed of Allen Levy and Steven Tebeleff, has $204 million in assets under management. Both Levy and Tebeleff will serve as first vice presidents at RBC.

“We are excited to welcome the Levy Tebeleff Group to RBC Wealth Management, as we continue to expand our presence in the greater Morristown and Parsippany areas,” said Eric Siber, director of RBC Wealth Management’s Parsippany operation.  “Allen and Steven bring a wealth of knowledge and industry expertise to the firm, as well as a dedication to being responsible stewards of our clients’ assets.”

Levy and Tebeleff have 14 and 19 years of advisory experience respectively, all at Morgan Stanley and its predecessors. Their practice specializes in planning for high net worth clients, businesses, family foundations and community organizations.