Rockefeller Capital Management today announced that it has acquired the $1.5 billion wealth management business of Spearhead Capital, a Florida-based boutique financial services firm that provides customized solutions to ultra-wealthy investors, family offices and private placement markets, according to a news release.
The 12-member team will operate as The Bostwick Walters Group within the Rockefeller Global Family Office. The group serves about 70 families, the release said.
The Wellington, Fla.-based Bostwick Walters Group is led by managing director and private wealth advisor Jarrett Bostwick and managing director and private wealth advisor Todd Walters, who co-founded the firm in 2012. The team joins Rockefeller Capital Management’s Southeast Division, led by Kristen Sario.
Bostwick, who also serves as managing principal of National Financial Companies, a multifamily office venture capital investment firm, also in Wellington, Fla., was a partner with the Chicago law firms of Handler Thayer LLP, and Gardner, Carton & Douglas LLP, serving affluent clients and family offices. The release noted that in 2005 he was named by Worth magazine as one of the top 100 attorneys in the U.S. for affluent clients.
Walters began his career in 2004 with Credit Suisse. He joined Merrill Lynch in 2007 for a brief stint before moving to Ambata Securities in 2009. He joined Spearhead Capital in 2011, according to BrokerCheck. In 2008, Walters also founded New Vernon Financial LLC, a predecessor company to Spearhead Capital LLC, the release noted.
“We’re proud of the practice we’ve developed at Spearhead over the past 10 years,” Walters said in a statement. “But we’ve reached the point where we know our clients would benefit from the powerful platform, culture and brand at Rockefeller Capital Management. We’re excited and honored to be part of it.”
Bostwick and Walters are joined by Chris Shepherd, managing director, private wealth manager; Chris Fineburg, managing director, private wealth manager; Corey Tiller, managing director, team portfolio manager; Sagar Dalal, managing director, advanced wealth panner; Tim Troutman, team chief operating officer; Teresa Armel, senior vice president, private wealth manager; Adam Blum, vice president, investment research associate; Tanya Polzer, business manager; Brandon Avergon, vice president, associate director; and Kai Heller-Spencer, investment research analyst.
In a joint statement, Christopher Dupuy, co-head of the Rockefeller Global Family Office, and Michael Outlaw, national field director, said, the Bostwick Walters Group is an elite team of professionals. “It very quickly became clear to us that Todd and Jarrett and their colleagues shared the values and purpose that animate our firm. And it was just as clear that we could help each other grow more effectively together than apart,” they said in a prepared statement.
The Bostwick Walters Group is the 80th team to join the Rockefeller private wealth division since its creation in 2018. The New York City-based Rockefeller Capital Management has 38 offices across the U.S. Earlier this year, it opened an office in London. As of March 31, the firm was responsible for about $95 billion in client assets across its three business segments: the Rockefeller Global Family Office (including Private Wealth Management and Family Office), Rockefeller Asset Management and Rockefeller Strategic Advisory.