Rockefeller Capital Management has expanded its presence in the Denver area with the addition of a former Merrill Lynch team that managed $850 million in assets, according to a news release.

The Hablutzel Group, a four-member team led by managing director Brent Hablutzel, includes Zachary Bond-Stefo, vice president and private wealth advisor; Lori C. Caddey, associate vice president, senior client associate; and Shayna Yallaly, registered client associate. The team will report to Michael Armondo, managing director at Rockefeller Capital Management.

Armondo, in a statement, said Hablutzel is one of the most highly regarded advisors in Colorado and well-respected in the wealth management industry. “We’re very excited to welcome Brent and all the members of the Hablutzel Group to Rockefeller where they will be central to our growth plans for the region,” he said.

Hablutzel began his career with Merrill Lynch in 2004 and has been with the firm since then, according to BrokerCheck. He was ranked No. 6 in the state of Colorado by Forbes in 2021. He could not be reached for comment.

Chris Dupuy, co-head of Rockefeller Global Family Office, said, “The need for advisors who can offer a personalized platform of investment solutions and services continues to grow across the country.” He added that Hablutzel and his team “will expand our ability to offer clients in and beyond the Front Range Urban Corridor the kind of high-caliber, white-glove financial advice and services synonymous with the Rockefeller brand.”

The Greenwood Village, Colo.-based Hablutzel Group joins the Richeda and Farr Group, another Merrill Lynch team recruited by Rockefeller last February in the Denver area. It is the 71st team to join Rockefeller private wealth division since its creation in 2018.

Rockefeller has 32 offices across the U.S. and, this year, in London. As of December 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.