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Rockefeller Capital Management Declines Comment On Advisor Purchase Speculation

Tom Burroughes, Group Editor, September 10, 2018


The firm declined to comment to FWR about the report that it was in talks to buy part of a Silicon Valley-based wealth advisor.

Rockefeller Capital Management, which has been expanding with a raft of senior hires in recent months, declined to comment today on a media report that it is in talks to buy at least part of a Silicon Valley-based wealth advisor from Bank of Montreal.

The wealth management house is looking to acquire assets from Redwood City, CA.-based CTC|myCFO, Bloomberg reported an anonymous source as saying. Discussions are still underway, and the deal may fall through, however, the report said.

The firm declined to comment when contacted by Family Wealth Report.

A year ago, Rockefeller Financial Services, alongside banking and investment veteran (ex-Morgan Stanley) Greg Fleming, announced it was launching Rockefeller Capital Management. The new organization will concentrate on wealth management, asset management and strategic advisory. Fleming had been president of Morgan Stanley Wealth and Asset Management and before that, the president of Merrill Lynch. Viking Global Investors LP is backing RCM through an investment by one of its investment funds.


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