Eric Heaton, who led Morgan Stanley’s banking operations, has joined Rockefeller Capital Management as a managing director, head of strategy and a member of the firm’s management committee.
Specifically, Heaton will work on expanding the firm’s product offerings in the areas of credit, banking, insurance, annuities and retirement; accelerate growth in Rockefeller’s strategic advisory business; and develop enterprise-wide client relationships.
Heaton served for 10 years as president of U.S. Banks at Morgan Stanley, where he led banking and lending products for both the wealth management and institutional securities divisions. He oversaw two banks regulated by the Office of the Comptroller of the Currency and the firm’s community development finance group.
Heaton earlier held executive positions at Deutsche Bank and Merrill Lynch.
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A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
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