Rockefeller Capital Management
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.
The Newport Beach-based group, led by Jannah Devine and Stefan Oglevee, is the second UBS team Rockefeller poached this month.
The four-person Low Group in the Detroit suburb of Bloomfield Hills, Mich., left Merrill on Friday