Rockefeller Global Family Office is expanding its presence in Pennsylvania with the arrival of an elite ultra-high-net-worth team from Merrill Lynch.
On Friday, the firm officially welcomed DiMedio Wealth Partners, a 16-person team based in Newtown, Bucks County.
The group, led by managing director Chris DiMedio, joins Rockefeller after managing nearly $2 billion in client assets at Merrill Lynch, where he'd built up a lengthy 24-year career.
The new team within the family office division of Rockefeller Capital Management includes private advisors Jonathan Battillo, Anthony Ferrandino, Sean Moreland, Sean Arnold, Percy Mason, Patrick Sweet, and Kyle Comerford. They will report to Michael Outlaw, head of enterprise strategic growth and New York metro divisional director at Rockefeller.
With his decades of experience serving high-net-worth and ultra-high-net-worth families and individuals, DiMedio has been consistently recognized in the industry, earning spots on annual top advisor lists by Barron's and Forbes since 2018.
“Chris and the DiMedio Wealth Partners team bring a wealth of expertise, experience, and client focus to Rockefeller,” Chris Dupuy, president of Rockefeller Global Family Office said in a statement. “We look forward to working with them to deliver the distinct capabilities of our platform and our people to current and prospective clients across the United States.”
Alongside the eight private advisors, the team also includes senior client associates, operations officers, and investment specialists. DiMedio Wealth Partners’ administrative and investment staff includes Mary Bost, Dawn Wyatt, Patrick Unrath, and Michael Friedman, among others.
Outlaw highlighted the strategic importance and appeal of Bucks County, describing it as "one of the fastest growing wealth centers in Pennsylvania."
“DiMedio Wealth Partners bring deep ties to both this community, and their clients across the country, and are exceptionally suited to guide high- and ultra-high-net-worth individuals and families across every stage of wealth and complexity,” he said.
Rockefeller's addition in Pennsylvania builds on earlier recruitment moves it made this year, including a $966 million team from JPMorgan in San Francisco and a veteran-led group with First Republic roots in Boston.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
