A former First Republic Wealth Management team with $1.3 billion in assets under management has joined Rockefeller Global Family Office, the wealth management division of Rockefeller Capital Management in San Francisco, according to a news release.
Marchetti Porter Wealth Partners is led by managing directors and private advisors James B. Marchetti and Caleb Porter. It also includes senior vice president and private advisor James L. Marchetti; client relationship directors Stacey Swain and Alicia Powell; and client associate Ellen Siebenlist. The team will report to Brian Riley, Pacific Northwest Division director at Rockefeller Global Family Office (RGBO), the release said.
The team worked at First Republic for seven years and was recognized by Forbes as a Best-In-State Wealth Management Team for 2023, the release said. The firm serves ultra-wealthy investors, families and businesses, the release said.
Prior to First Republic, the team was with Merrill Lynch, where James Marchetti began his career in 1975 and spent 37 years, according to BrokerCheck. Caleb Porter started with Citigroup Global Markets in 2005 and moved to Merrill Lynch in 2008, and James L. Michetti started at Merrill Lynch in 2009.
“This group brings extensive knowledge and expertise in providing highly customized solutions to meet the complex needs of successful investors, families and businesses,” Michael Outlaw, national field director at RGFO, said in a statement. “We are pleased to partner with James, Caleb and their team as we further expand our presence in this crucial market.”
Established in 2018, Rockefeller Capital Management offers services in 44 locations across the U.S. As of December, the firm was responsible for about $98 billion in client assets across its three businesses, Rockefeller Global Family Office, Rockefeller Asset Management and Rockefeller Strategic Advisory.