The latest news from North America. Also, on this day the team at Family Wealth Report extends its thoughts to readers who remember the terrible events of Sept. 11, 2001.

Rockefeller Capital Management, which was created last year, has made its first team hire by bringing in nine people from The Bapis Group. That team oversees about $1.2 billion of client assets for high net worth individuals.

The move is part of RCM’s drive to build a wealth management business alongside its global family office. Financial terms of the team move were not disclosed.

“As we continue to add to the capabilities of our existing platform, we are focused on the seamless integration of new advisors and teams to ensure they continue to serve clients with the same sophistication and integrity that our family office clients have relied on for decades,” Gregory Fleming, chief executive of RCM, said.

The acquired business was founded in 1969 and has offices in New York City and Salt Lake City. The group’s securities services will be conducted through Axiom Capital, once Rockefeller’s broker-dealer has approved the change.

Among recent RCM moves, it named Michael Outlaw as a managing drector, responsible for recruiting and managing financial advisors in the eastern half of the US. In July, Jack Ryan joined from General Electric as Rockefeller’s chief human capital officer.

Since RCM was founded, several of Fleming’s erstwhile wealth management colleagues at Morgan Stanley have moved across to this business.

Yesterday, the firm declined to comment on speculation about acquisition talks concerning a California-based advisor firm.