Rockefeller continues roll in hiring advisors as 2024 kicks off
Rockefeller Capital Management, which has seen strong net gains of hundreds of financial advisors over the past several years, started 2024 by hiring two teams, one from Merrill Lynch and the other from UBS, which combined had worked with more than $5 billion in client assets at their previous firms.
The hiring come on the heels of another strong year for recruiting and hiring at the wealth management firm, which was a longtime family office before launching itself as a wealth management firm in early 2018.
Greg Fleming, a former senior executive at both Merrill Lynch and Morgan Stanley, is CEO of Rockefeller Capital Management, which at the end of December managed $122 billion in client assets across its various businesses and is known to be among the most aggressive firms on the Street when it comes to offering recruiting bonuses to financial advisors.
Last week, Rockefeller Capital’s family office group said it had hired a team in Michigan led by longtime Merrill Lynch advisors. Based in Grand Rapids, the new 26-person team, Axiom Wealth Partners, is led by Jeffrey Towner, David Lund, Brett Howell, and Craig Sharp, who have the titles of managing directors and private advisors.
According to Forbes.com, the Towner Lund Group had $5.1 billion in assets with Merrill Lynch as of March 2023. On Wednesday morning, David Lund declined to comment about the team’s decision to join Rockefeller Capital.
Andrew Tate, who’s based in Charlotte, North Carolina, started working at Rockefeller Capital on January 9 after spending more than nine years at UBS Financial Services Inc., according to his BrokerCheck profile. Tate did not respond to a call Wednesday morning seeking comment about his move. According to industry news
Read more on investmentnews.com
