Rockefeller Capital Administration, the wealth supervisor born from the Rockefeller & Co. household workplace, employed a 30-year brokerage veteran to open and lead a brand new workplace in Los Angeles.
Nathan Crair, who beforehand labored at Financial institution of America's Merrill Lynch Wealth Administration, is about to hitch Rockefeller and can recruit and handle new advisors for the agency there, the corporate stated Thursday.
Rockefeller needs a higher presence in Southern California the place it sees a big market of high- and ultra-high-net-worth shoppers, executives stated. Chris Randazzo, the president of Personal Wealth Administration at Rockefeller, stated Crair is "ideally suited" for the duty.
As a managing director and the pinnacle of the L.A. marketplace for Merrill Lynch, Crair was in command of six workplaces and greater than 200 advisors. He labored there 14 years.
A gradual stream of advisors have left the wirehouses to hitch Rockefeller within the final yr. A group of former Merrill Lynch advisors in Atlanta joined a pair from UBS managing $2.2 billion that opened a Rockefeller workplace in Georgia's capital in December. The New York-based agency has additionally opened workplaces in Boston, Dallas, Palm Seaside, Salt Lake Metropolis, San Francisco, Washington D.C. and different cities.
Distinguished executives have additionally joined Rockefeller President and CEO Greg Fleming. In February, Timothy O’Hara, who spent greater than 20 years at Ayco, a outstanding household workplace and wealth-planning enterprise owned by Goldman Sachs, joined Rockefeller to change into president of its household workplace.
Fleming has stated that he plans to develop Rockefeller to greater than $100 billion in belongings.
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