Rockefeller Strikes Again in Cincinnati, This Time Hiring from UBS
A week after hiring a $5-million team from Merrill Lynch in Cincinnati, Rockefeller Capital Management has picked off a $3-million team in the same city from UBS, according to a well-placed source.
Unger, who ranked #69 on Forbes’ best-in-Ohio broker list for 2021 and #72 on its top ‘next gen’ list for 2020, could not immediately be reached for comment. Before joining UBS, he had worked in a 401(k) and retirement planning role at Fidelity, according to his UBS biography.
A spokesperson for UBS declined to comment.
Unger’s group is the 62nd to join Rockefeller since its 2018 recapitalization. The company’s executives have said they are aiming to reach 200 teams and Chief Executive Greg Fleming has said they could have private wealth offices in as many as 40 markets by 2026.
Rockefeller seeded the Cincinnati office with a $7.2-million Merrill team in March and followed that up last with the $5-million team. They report to former Merrill private wealth regional manager Brett Thelander, who oversees Rockefeller’s Midwest region from Chicago.
UBS had 6,274 brokers in the Americas, down 136, or 2%, over the past year and a net 31 over the past three months. Its average producer generated around $1.7 million annualized in the second quarter.
UBS withdrew from the Protocol for Broker Recruiting–the industry agreement that allows brokers to solicit clients when moving to another signatory firm–in 2017 amid a recruiting pullback but has revived its recruiting efforts over the past two years. It last week hired a $1.9-million producer from Merrill in Maine.