View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 15, 2021

Rockefeller Capital partners Atlantic Group to bolster private wealth biz

By Verdict Staff

Rockefeller Capital Management (RCM) has expanded its private wealth management platform with the addition of The Atlantic Group.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Financial terms of the deal have not been revealed.

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.”

Rockefeller 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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International