Rockefeller Global Family Office Adds UBS Team Managing $963M
News>Industry Rockefeller Global Family Office Adds UBS Team Managing $963M The four-member Bridgeline Wealth Partners is the latest to join Rockefeller Global Family Office. Rockefeller Global Family Office, the private wealth unit of Rockefeller Capital Management, has added a four-person team from UBS in Atlanta.
Bridgeline Wealth Partners is led by Managing Directors and Private Advisors Travis Propst and J. Trent Douglas and includes Senior Wealth and Investment Strategy Associate Ryan Brady and Senior Client Relationship Manager Jaimie Crook.
The team oversaw about $963 million while at UBS, according to Forbes. They will report to Kristen Sario, southeast divisional director of Rockefeller GFO.
Specializing in portfolio management and investment strategy, Propst entered the financial services industry in 1996 at Robert Thomas Securities and managed portfolios for Smith Barney until joining Merrill Lynch in 2006 as a senior vice president of investments. In 2012, he moved to UBS where he provided personalized investment advice for more than a decade.
Trent Douglas has been with the Bridgeline team since 2014, after more than 13 years with Merrill Lynch, where he was an advisor, portfolio manager and vice president.
“Their expertise and experience in meeting the dynamic needs of clients at every stage of wealth makes Bridgeline a perfect fit with Rockefeller’s platform and culture,” said Rockefeller GFO co-President Christopher Dupuy.
Rockefeller Capital Management began as the family office of John D. Rockefeller in 1882 and was restructured as an independent advisory firm in 2018. The firm has since grown to include three distinct businesses—Rockefeller Global Family Office, Rockefeller Asset Management and Rockefeller Strategic Advisory. Collectively, they represent 47 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 13 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, Rockefeller 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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Originally posted on: https://www.wealthmanagement.com/industry/rockefeller-global-family-office-adds-ubs-team-managing-963m