Rockefeller Lands Merrill Team with $7.2-Mln Production in Cincinnati
Rockefeller Capital Management has established a foothold in Ohio with the hiring on Friday of a $7.2 million Merrill Lynch team in Cincinnati, according to a well-placed source.
The group is the 49th team to join Rockefeller since its 2018 recapitalization and reports to Michael Parker, a divisional director in the Northeast who joined in mid-2019 after running recruiting for RBC Wealth Management-U.S.
“Teams like The Hambleton Fieler Group embody the Rockefeller mission and bring decades of combined experience to address the complex needs of wealthy individuals and families with a customized, holistic approach,” Parker said in a prepared statement.
The Hambleton team, who mostly joined Merrill in 2006 from Citigroup’s Smith Barney unit, could not immediately be reached for comment. The practice originated with Ross Hambleton Sr. in 1977, according to Matthew’s LinkedIn page.
Ross Hambleton started at Smith Barney, which was later bought by Morgan Stanley, in 1999 and moved to Merrill in 2006, according to BrokerCheck.
Matthew began his career at Smith Barney in 2003, and Fieler began at Smith Barney in 1994, according to BrokerCheck.
Sullivan started at Fifth Third Asset Management in 2009 and joined Merrill in 2011, according to his BrokerCheck.
Rockefeller has been cherry picking big wirehouse teams since its 2018 recapitalization but has drawn heavily from Merrill Lynch this year.
The firm earlier this month added a three-broker Merrill team in San Antonio with $4.9 million in revenue and in late February lured a $3 million team in California. It also recruited a veteran Merrill private wealth management regional director, Brett Thelander, to be a Midwest divisional director in Chicago.
A spokesperson for Merrill Lynch, which froze its veteran broker recruiting efforts in 2017, did not return a request for comment on Friday’s move. Merrill, like Rockefeller, is a signatory to the Protocol for Broker Recruiting, which allows brokers to solicit their former clients when moving among signatory firms.
Merrill Lynch last week lost a team managing $750 million in assets for corporate stock plan clients to UBS Wealth Management USA in Kenwood, Ohio.