Rockefeller Capital Management
The six-person group led by Christopher D. Jacobs had managed $520 million in assets, according to two sources familiar with their practice.
Los Angeles team that joined Rockefeller includes two brokers who had overseen $320 million in assets while J.P. Morgan hires managed $250 million and the Gladstone broker oversaw $200 million.
A $3-million ‘next gen’ broker marks Rockefeller’s 61st team since its 2018 recapitalization.
Career Merrill brokers had overseen $600 million in assets, a Rockefeller spokesperson confirmed.
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Rockefeller stepped outside its traditional wirehouse hiring pool, while Morgan Stanley returned to the Merrill well.
Duo had been managing $1.1 billion in assets and comes after a short hiatus in Rockefeller’s aggressive veteran broker recruiting.
A New York City team generated $5.5 million; a team in Washington state, $3.8 million; and a 37-year industry veteran in Newport Beach, $2.7 million, according to sources familiar with the moves.
Five-person team had been managing $800 million in customer assets, according to a person familiar with the move.
The three-year old private wealth business is looking at Seattle, Nashville, Boston and cities in the Midwest, as it adds offices in another possible 20 markets, Chief Executive Greg Fleming said.