Memorial Day Movers: Rockefeller Nabs $4.36-Mln Merrill Team in St. Louis
Affirming the tradition of brokers jumping ship on the Friday before a long weekend, a group of Merrill Lynch advisors with $4.36 million in annual revenue has left for Rockefeller Capital Management in St. Louis, according to a source familiar with the move.
The team includes Eric M. Verhulst, Joseph M. Church and Stephanie B. Walsh who had managed $800 million along with two support staff, the source said. The three had worked at a Merrill office in the St. Louis suburb of Chesterfield and mark Rockefeller’s first private wealth team in the Gateway City.
The team reports to Brett Thelander, a former Merrill Private Wealth Management regional director in Chicago who officially joined Rockefeller this month following garden leave to be Midwest divisional manager.
A Rockefeller spokeswoman said she could not immediately comment, and a spokesperson for Merrill did not return a request for comment.
Verhulst started his career at Morgan Stanley in 1993 and moved to Merrill in 2005, according to his BrokerCheck record. Church started his career in 1991 and followed the same Morgan Stanley-to-Merrill route. Walsh began her career eight years ago at Merrill, according to the database.
They are the 54th team to join Rockefeller after it earlier this month hired a Boston team with $9.2 million from UBS Wealth Management USA. Rockefeller Chief Executive Greg Fleming, who took over amid the family office’s recapitalization by venture capital firm Viking Global in 2018, has set his sights on the Midwest as the firm seeks to double its geographic footprint.
Both Rockefeller and Merrill Lynch are signatories of the Protocol for Broker Recruiting, an industry agreement that allows brokers to take certain customer contact information and solicit their former clients when changing firms.