Rockefeller Adds Former Merrill Manager to Recruit in San Francisco
Rockefeller Capital Management, the family office and investment bank run by former Merrill Lynch and Morgan Stanley executive Greg Fleming, has appointed Anthony Grosso to create and manage a private wealth office in San Francisco.
Grosso left Merrill in January after 15 years of running its “ventures services group” that serviced private equity and venture capital firms and their founders. From 2009 to 2013, he was also a senior resident director at a Merrill branch, and earlier in his career worked at Robertson Stephens and at Donaldson, Lufkin & Jenrette — firms catering to technology entrepreneurs.
“With his expertise and extensive network, he will be an important part of Rockefeller’s success on the West Coast, where we want to grow our business and attract a diverse set of talented advisors,” Fleming said in a prepared statement.
Monday’s announcement follows the firm’s recruiting two weeks ago of Justin Ryan and Thomas Epperson, brokers with UBS Financial Services in Atlanta who were producing about $13 million of revenue on about $2 billion of client assets, according to Rockefeller.
They were the second group of brokers hired since Fleming took the reins of the Rockefeller family office a year ago. In September, the firm recruited Nick Bapis and his son Michael from HighTower Advisors. Based in New York and Salt Lake City, the team was managing about $1.2 billion of assets.
Fleming, who ran Morgan Stanley wealth management and was a former investment banker and briefly president of Merrill Lynch, has also tapped other former colleagues for his management team. Christopher Dupuy, who ran Merrill’s Pacific Northwest region prior to leaving in 2014, joined Rockefeller as chief operating officer for private wealth management earlier this year. In August, Michael Outlaw left his post as head of Morgan Stanley’s private wealth brokers in the Southeast and head of its wealth management complex in Atlanta to run recruiting on the East Coast.