The wealth management business continues its US build-out.

The US wealth management organization has made two senior appointments and announced that it is opening a new office in Dallas, Texas.

Rockefeller Capital Management has appointed Michael Parker to join Rockefeller Global Family Office as a managing director in New York, responsible for recruiting and managing private wealth advisors in the Northeast region. 

Separately, Dallas, Texas-based Michael Armondo will join in May as a managing director, with recruiting and managing responsibilities for private wealth in Texas, Colorado and other Southern Plains states. Armondo will open the firm’s first office in Dallas. The group already has offices in New York, Atlanta, Boston, Salt Lake City, Saratoga Springs, Washington, DC, and Wilmington, Delaware.

“Michael Parker and Michael Armondo each have 25 years of experience in wealth management and know what it takes to attract and lead talented advisors,” Gregory J Fleming, president and chief executive of Rockefeller Capital Management, said.

The private wealth management business continues to add teams of advisors in offices throughout the US, with six groups joining since the firm launched as Rockefeller Capital Management in March of last year.

Before joining Rockefeller, Parker was the head of advisor recruiting at RBC Wealth Management, which he joined in 2017. Prior to that, he spent more than seven years at HighTower as an executive vice president with responsibility for business development, advisor growth, field marketing and public relations. Parker was LPL Financial’s vice president of business development for the Northeast Region from 2009-2010, and spent the previous nine years with Citigroup, where he finished as senior vice president, wealth management and complex manager. He started his career in 1994 as a financial advisor at Merrill Lynch. 

Prior to joining Rockefeller in May, Armondo was most recently a managing director at Bank of America Merrill Lynch where he was the Greater Dallas market executive for Merrill Lynch Wealth Management for 16 years. Armondo started working for Merrill Lynch in 1994 following three and a half years with the US Army. He is a graduate of the United States Military Academy at West Point and has an MBA from Heriot-Watt University in Scotland.