A former UBS team with $630 million in assets under management has become the 50th hire for Rockefeller Capital Management since its launch in 2018, according to a news release.
Adapt Partners joins the New York City-based firm’s private wealth management offering in San Antonio.
The team includes James Augustine, senior vice president and private wealth advisor; David Lloyd Jr., senior vice president and private wealth advisor; Charles Hoffman Jr., senior vice president and private wealth advisor; Jeffrey Anderson, vice president and private wealth advisor; and Londa Willems, vice president and client relationship manager.
Chris Randazzo, president of private wealth management at Rockefeller, said, “We are pleased with the progress of the thoughtful approach we are taking to expanding our business while continuing to prioritize the delivery of highly personalized and customized solutions for our clients."
When the wealth management firm launched, CEO Gregory Fleming had set a goal of growing assets under management to $100 billion within five years. In an interview with Financial Advisor in October, Randazzo said they were on track to reach that goal.
“We continue to be energized by opportunities across markets to deliver the Rockefeller experience to an increasing number of individuals and families,” said Christopher Dupuy, national field director for the Rockefeller’s private wealth business. “But we remain committed to growing selectively and strategically, ensuring that the bespoke service approach on which our company is based remains our greatest strength and our highest priority.”
Rockefeller Capital management, an offshoot of Rockefeller & Co., was created in 2018 and backed by hedge fund Viking Global Investors. The firm offers integrated and holistic financial services in 18 cities across five divisions in the U.S. This year, it has added offices in Cincinnati, Ohio, San Antonio, Texas, Newport Beach, Calif., and Denver, Colo.