Rockefeller Capital Management is an independent wealth management and

financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companie ...

firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, institutions, and corporations. Its president and CEO is

Greg Fleming Greg William Edward Fleming (born 27 September 1986) is a Scottish professional footballer who plays as a goalkeeper for Annan Athletic. He has previously played for Livingston, Gretna, Oldham Athletic, Dunfermline Athletic, Galway Unite ...

. The firm is headquartered in

Rockefeller Plaza Rockefeller Center is a large complex consisting of 19 commercial buildings covering between 48th Street and 51st Street in Midtown Manhattan, New York City. The 14 original Art Deco buildings, commissioned by the Rockefeller family, span th ...

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

, and has over 40 offices in the US as well as an office in London.

Company history

In October 2017, Rockefeller Financial Services, the parent company of Rockefeller & Co., announced the imminent creation of Rockefeller Capital Management, and the appointment of former Wall Street executive

as its founding CEO. The new firm resulted from the acquisition by

Viking Global Investors Viking Global Investors is an American-based hedge fund based in Greenwich, Connecticut, which specialises in early stage and late stage ventures. History It was established in October 1999 by its Chief executive officer, CEO and risk manager, ...

of a majority stake in Rockefeller & Co., a wealth-management

multi-family office A multi-family office (MFO) is an independent organization that supports multiple families to manage their entire wealth. Multi-family offices typically provide a variety of services including tax and estate planning, risk management, objective f ...

and

registered investment adviser A registered investment adviser (RIA) is a firm that is an investment adviser in the United States, registered as such with the Securities and Exchange Commission (SEC) or a state's securities agency. The numerous references to RIAs within the Inv ...

firm set up by the

Rockefeller family The Rockefeller family () is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by broth ...

in 1979. The original firm was established by

John D. Rockefeller John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American business magnate and philanthropist. He has been widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller was ...

in 1882 as the first full-service single

family office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50-$100 million in investable assets, with the goal being to effectively grow and transfer w ...

in the United States, according to

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

,https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-office-fundamentals.pdf
- accessed Dec. 29, 2022 and according to the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikke ...

'', as "one of the world's first family offices dedicated to investing ersonalwealth." Rockefeller & Co changed its business name to Rockefeller Financial in 2010. Rockefeller Capital Management began operations in March 2018. Fleming began aggressively recruiting staff from the major Wall Street full-service brokerage firms. He also made acquisitions, and opened branch offices in cities across the United States, with locations in 14 states by 2021. In 2022 the firm had over 40 officeshttps://www.reuters.com/business/finance/rockefeller-capital-aims-double-assets-200-bln-3-5-years-2022-09-09/
- accessed Dec. 30, 2022 in the United States and an office in London. As of 2022, the firm was responsible for over $90 billion in client assets across its three business divisions – Rockefeller Global Family Office, Rockefeller Asset Management and Rockefeller Strategic Advisory.https://www.wealthmanagement.com/ria-news/rockefeller-acquires-15b-spearhead-capital-wealth-management-business
- accessed Dec. 30, 2022 In the fall of 2019, the firm acquired

Financial Clarity Financial Clarity, Inc. is a multi-family office A multi-family office (MFO) is an independent organization that supports multiple families to manage their entire wealth. Multi-family offices typically provide a variety of services including t ...

, a multi-family office wealth-management firm in

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo Count ...

. In early 2021, it acquired Whitnell & Co., a similar firm in the Chicago area, from

Associated Banc-Corp Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking, and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a ...

. In 2022, the firm acquired the wealth management business of Spearhead Capital,https://www.barrons.com/advisor/articles/rockefeller-spearhead-capital-wealth-management-51654628103
- accessed Dec. 30, 2022 a financial services firm based in Florida.

Services

Rockefeller Global Family Office
Rockefeller Global Family Office is a division offering a variety of financial services, including

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

, family office services, trust and fiduciary services, and wealth and strategy advising.https://www.businessinsider.com/rockefeller-acquiring-hiring-grow-its-family-office-taxes-specialities-2021-6
- accessed Dec. 30, 2022 Rockefeller Strategic Advisory
Rockefeller Strategic Advisory provides strategic advice to high-net-worth families, family offices, individuals, and corporations on matters such as mergers, acquisitions, divestitures, real estate, raising capital, and sports franchises. Rockefeller Asset Management
Rockefeller Asset Management is the firm's

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

division. According to CityWire, the division provides "equity and fixed income strategies across active, multi-factor passive, and thematic approaches." In March 2018, Rockefeller Asset Management joined the

United Nations Environment Programme Finance Initiative The United Nations Environment Programme Finance Initiative (UNEP FI) is a global partnership established between the United Nations Environment Program (UNEP) and the financial sector. UNEP FI catalyses action across the financial system to align ...

, stating its intent to build a concentrated long-term portfolio emphasizing environmental, social, and governance (ESG) factors. In May 2019 it launched two ESG-driven investment funds: the Rockefeller US ESG Equity Fund; and the Rockefeller Global ESG Equity Fund, a

UCITS The Undertakings for Collective Investment in Transferable Securities Directive (UCITS2009/65/ECis a consolidated EU directive that allows collective investment schemes to operate freely throughout the EU on the basis of a single authorisation fr ...

fund domiciled in Europe. In January 2021 Rockefeller Asset Management, in partnership with

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ...

, launched the Bloomberg Rockefeller U.S. All Cap Multi-Factor ESG Improvers Index, which ranks a company's improvement on ESG issues relative to industry peers, while also taking quality and low volatility into account, in addition to incorporating shareholder engagement techniques.

Governance

Former Wall Street senior executive Greg Fleming is the founding president and CEO of the company. The firm is majority owned by the private-equity arm of Viking Global Investors, and Viking portfolio manager Brian Kaufmann is on the Rockefeller Capital Management board.{{cite web , title=Our Leadership , url=https://rcm.rockco.com/our-people/ , website=Rockefeller Capital Management , access-date=February 22, 2021 Approximately 10% the firm is owned by Rockefeller family members.

References

External links

Official site
American companies established in 2018 Financial services companies established in 2018 Banks established in 2018 Investment management companies of the United States Institutions founded by the Rockefeller family Rockefeller family