Rockefeller Capital Management
Nathan Marsden, a veteran complex manager in Michigan, takes over for Brett Thelander, who resigned last month to join Rockefeller Capital after a garden leave.
Eight-person team had been overseeing $1.3 billion in client assets, according to a source familiar with the move.
Hans Maentz and Bernard Machlovitch, who reportedly oversee $1.5 billion and work primarily with Native American tribes, make a rare midweek move.
Group of three Merrill lifers had spent a combined 68 years with the thundering herd based in San Antonio and Kenedy, Texas, according to registration records.
Group joining Rockefeller in Irvine had generated $3 million in revenue and follows Rockefeller’s hire last week of a $2.5 million Merrill team in Denver.
Brett Thelander, a career Merrill manager who was running its ‘Mid-America’ private wealth region, will join Rockefeller after a 90-day garden leave, two sources said.
Colorado hire is Rockefeller’s 45th team since its founding while RBC picked up a Merrill broker who said he was frustrated at Merrill’s push to sell Bank of America products.
Morgan Stanley team with $6.5 million and Merrill team generating $3.3 million in revenue bring Rockfeller’s brokerage force to 44 teams.
Rockefeller hires its second Merrill team in Chicago while RBC recruits two teams with $900 million combined from the same UBS branch in Nebraska.
Broker with more than two decades of experience at Morgan Stanley joins Rockefeller’s fledgling Boca office and 39-year California advisor signs on with RayJay’s Alex. Brown.