The fast-growing IFA snaps up another strategic business as it maps expansion to business hotspots.

In a busy year of M&A activity, Rockefeller Capital Management, part of Rockefeller Global Family Office out of New York, is acquiring West Coast multifamily office Financial Clarity. Its purchase of the Mountain View, California, wealth business will provide a potent entrypoint to Silicon Valley founders, venture partners and others driving Northern California’s tech and R&D enterprises.

Announcing the deal on Wednesday, Rockefeller Capital Management said that Financial Clarity’s founder Stan Young will join as managing director and senior client advisor. He will also become a senior member of the Rockefeller management team leading the Global Family Office’s Silicon Valley efforts, it said.

“Stan Young is a talented and astute advisor to an exclusive group of highly sophisticated clients,” Timothy D O’Hara, president of the Rockefeller Global Family Office said. “I am impressed with the business he has carefully built centered around trusted advice and exceptional client service.”

Founded in 1992, Financial Clarity has spent 25 years advising wealthy families on multi-generational planning, trust and estates structuring, investment advisory and philanthropy, and oversees approximately $2.3 billion in client assets. Following the usual closure rules, the acquisition is expected to complete in the fourth quarter of 2019. Wachtell, Lipton, Rosen & Katz is serving as legal advisor.

O’Hara said the fact that the firm launched early on in the region in a “pioneering” way and developed a “distinctive business model, client base, and collaborative culture” made it an ideal fit. “I look forward to working closely with Stan and expanding our presence in Silicon Valley,” he said.

Rockefeller has made significant inroads into the West Coast in recent months, opening offices in San Francisco and Los Angeles, and is fast becoming one of the larger IFA family offices serving the market, adding teams of advisors in offices throughout the US, with six groups joining since the firm launched in March last year.

The firm hired top talent from Morgan Stanley to launch the venture and has poached senior advisory staff from Wells Fargo, Morgan Stanley, and Merrill Lynch in recent months. Going after the fruits of Northern California, it has made no secret of rolling out an ambitious national footprint that mirrors where clients are building businesses and creating wealth.