Rockefeller Recruits $1.5-Mln J.P. Morgan Securities Broker in NY Suburb

Rockefeller Capital Management added to its list of million-dollar-plus producers by hiring a J.P. Morgan Securities broker on Friday with $1.5 million in annual revenue.
David Eder joined Rockefeller in Greenwich, Conn., from J.P. Morgan’s office in nearby White Plains, NY. He oversaw $200 million in client assets, according to a person familiar with his book and his production.
A Rockefeller spokeswoman confirmed Eder’s arrival, along with Augustin Delgado, an analyst who has worked at J.P. Morgan and predecessor Chase Investment Services for ten years. They are Rockefeller’s first private wealth team in Connecticut and the first hired from J.P. Morgan, she said.
Eder worked for more than half of his securities career at Knight Capital Markets and other OTC trading firms before joining Merrill Lynch in 2007 and then J.P. Morgan in 2011, according to his unmarked BrokerCheck history.
Since recapitalizing with funds from private equity firm Viking Capital in 2018, New York-based Rockefeller has been expanding from a family office to a national wealth management firm under the baton of former Morgan Stanley Wealth head Greg Fleming. It now has 34 teams and 56 advisors in about 12 cities, in addition to a family office unit based in Saratoga, NY, and a small investment banking unit.
Unlike Eder, most of its private wealth recruits have come from wirehouses, including two Merrill Lynch teams in California and New Jersey with combined 12-month production of $9 million who joined Rockefeller in June.
J.P. Morgan Chase employs about 450 traditional J.P. Morgan Securities brokers in 21 offices, many of whom it inherited through its acquisition of Bear Stearns in the aftermath of the 2008 financial crisis. It also offers investment services to retail bank customers through about 3,800 bank branch-based brokers, as well as traditional trust and wealth planning services through its private bank.
Former J.P. Morgan and Bear Stearns brokerage executive Barry Sommers plans to join Wells Fargo & Co. later this summer to head its wealth and investment management division.
basically a bank broker in a Westchester bank branch, lucky if he bring half his book.
Could be but Fleming’s no dope
Not a bank broker, worked in Bear legacy office, but hardly typical of the Rockerfeller target advisor. Two short tenure runs at real firms as an advisor. Prior experience trading low cap OTC. Rock must be seeing something I’m missing…
They see a pulse.