Rockefeller Capital Management has expanded its private wealth management business with the addition of three firms in Florida and Illinois with a combined total of 15 advisors and $1.7 billion in assets under management, the company announced today.
The Faro Group of Boca Raton, Fla., joins Rockefeller's Southeast division from Morgan Stanley Wealth Management where it managed $800 million in assets. The team is led by Nelson Faro, who is managing director, private wealth advisor and portfolio management director. It also includes Forrest Faro, senior vice president, private wealth advisor and sports and entertainment director; and Kyle Faro, senior vice president and private wealth advisor. Other team members include Rachel Baum, private wealth advisor, as well as client associates Janet Kolmetzky and Eileen Cambero.
Also in Boca Raton, The DBT Group joins Rockefeller from Merrill Lynch Wealth Management where it managed $600 million in AUM. The team is led by Marshall Duane, managing director and private wealth advisor. He is joined by Christopher Bell, senior vice president, and Thomas Tabor, vice president and private wealth advisor. The team also includes Lisa Tarshis, associate vice president and senior client associate, as well as Mason Liu, analyst and private wealth advisor.
In Illinois, Rockefeller brings on another advisory practice from Merrill Lynch Wealth Management with the addition of the Bergman Wealth Management Group in Chicago, which managed $300 million in AUM. It is led by Richard Bergman, managing director and private wealth advisor, accompanied by Clayton Balko, vice president and private wealth advisor, Billie Danicek, associate vice president and senior client associate, and Matthew Oye, wealth management analyst. The group is the second private wealth management team to join Rockefeller in Chicago.
Chris Randazzo, president of private wealth management for Rockefeller Capital Management, said they are excited to welcome the new teams aboard and to continue building off the robust pace of business growth set in 2020. “Our approach remains thoughtful, selective, and unchanged. We are bringing to our company the industry’s most accomplished professionals in supporting the complex needs and goals of wealthy individuals and families,” he said in a statement.