Rockefeller Capital Management (RCM) has expanded its private wealth management platform with the addition of The Atlantic Group.
Financial terms of the deal have not been revealed.
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The Atlantic Group, which is led by managing directors Peter Clarke, Drew Karr, and Neva Hagopian, was initially part of Scott & Stringfellow and most recently a part of BB&T Truist.
The team will report to Rockefeller Global Family Office southeast divisional director and national field director Michael Outlaw.
The firm, which has offices in Palm Beach, Florida and Bethesda, Maryland, will expand RCM’s offerings to Palm Beach and Bethesda.
Commenting on the deal, Outlaw said: “The Atlantic Group’s ability to deeply and strategically manage wealth for high-net-worth families, individuals, and institutions aligns well with our current suite of offerings.”
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By GlobalDataRockefeller Global Family Office co-head and Private Wealth Management president Chris Dupuy added: “We are pleased to continue to extend the Rockefeller name across the US.
“Palm Beach, Florida and Bethesda, Maryland are both communities where we believe we can provide differentiated advice and counsel to high net worth individuals and families.”
Founded in 2018, RCM provides strategic advice to ultra-high-net-worth (UHNW) and high-net-worth (HNW) individuals and families, institutions and corporations from 31 offices across the US.
In January this year, the firm bolstered its private wealth management business by adding wealth teams The Faro Group, The DBT Groups, and The Bergman Wealth Management Group.
The same month, it agreed to buy Illinois-based Whitnell & Co., a wealth management and multi-family office services firm owned by Associated Banc-Corp.
