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Two new private advisor teams have joined Rockefeller Capital Management under its wealth management unit, Rockefeller Global Family Office.
Shaffer Wealth Partners in Arlington, Va., is led by Managing Director Sheila Shaffer, who spent more than 14 years with Janney Montgomery Scott following nearly two decades with Legg Mason and four with Morgan Stanley as a senior vice president of investment. She began her career as a financial advisor with Merrill Lynch in 1983.
Shaffer is joined by a team of three—Eric Walker, senior VP and advisor; Daniel Spainhour, VP and wealth manager; and Allyson Albert, associate VP and client associate. They will report to Rockefeller Southeast Divisional Director Kristen Sario.
The quartet oversaw around $740 million in custodied assets at Janney, according to Forbes.
Willis Wealth Partners, in Los Angeles, includes Managing Director Matt Willis and a team of four from Wells Fargo, including advisors and VPs Frank Willis, Neil Martin and Patrick Digenon, along with Senior Client Associate Claudia Ramirez.
Willis, a certified exit planning advisor, began his career with JPMorgan Chase as a banker in lending and asset management before establishing a planning-based practice under Merrill Lynch in 2014. He moved to Well Fargo in 2018 to launch Willis Wealth with his brother, Frank.
At Wells Fargo, the quintet oversaw around $270 million, per Forbes. They will report to Western Divisional Director Brian Riley.
“These respected private advisor teams fit well with our growing platform and culture of excellence,” said Rockefeller GFO Co-President Christopher Dupuy. “Their decision to join Rockefeller reflects the firm’s commitment to establishing an outstanding wealth management presence across the United States.”
Established as an independent advisory firm in 2018, Rockefeller Capital Management began as the family office of John D. Rockefeller in 1882. The firm has since grown to comprise three distinct businesses—Rockefeller Global Family Office, Rockefeller Asset Management and Rockefeller Strategic Advisory. Collectively, they represent 46 locations across the U.S. and one in London, overseeing about $112 billion in in client assets.
After beginning the year with $98 billion in assets, Rockefeller has added 12 new firms and reached its goal of $100 billion in 2023. CEO Greg Fleming has indicated that he expects to double that within the next three years,
Earlier the year, the firm received its first external capital investment—$622 million from the ultra-wealthy Desmarais family in Canada, which has historical ties to the Rockefellers—in a deal that valued the firm at $3 billion.
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