The Caprock Group, an Idaho based multi-family office, has opened new office in Newport Beach, California and hired former Merrill Lynch executive Greg Mech to lead its new office.
Mech has spent 29 years Merrill Lynch & Co, now a part of Bank of America Corp serving in many senior roles, most recently as managing director, where he led over 2,000 employees serving high net-worth families in the Western U.S. managing over US$100 billion in client assets and liabilities.
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Mech was also the market president for Bank of America in Orange County, California. He is the founder of eMaxx Partners, a virtual financial advisory firm, which was launched last year.
Besides leading the firm’s Newport Beach office, Mech will also continue his role as president of Silverlakes, a group developing the largest youth soccer and field sports facility in North America.
Bill Gilbert, a co-founder and managing director of The Caprock Group, said: "The Caprock Group is focused on providing our clients with the very best talent and experience in the multi-family office wealth management arena."
Mech said: "After many years with a traditional investment firm, I realized that clients can be better served in an environment that is free of the conflicts and sales pressures that are associated with the products that most firms sell.
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By GlobalData"The Caprock Group’s approach is different and is aligned with my values because the firm provides access to the best solutions available to clients throughout the capital markets and wealth management universe. Most importantly they provide solutions that are tailored to the client’s goals and are designed to fulfil the client’s specific needs," he added.
