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Rockefeller Capital Management

From Alfawiki
Rockefeller Capital Management
Company typePrivate
IndustryFinancial services, Wealth management
Founded2018; 8 years ago (2018)
FounderRockefeller family (original entity 1882)
Headquarters
New York City
,
United States
Area served
United States, United Kingdom
Key people
Greg Fleming (President and CEO)
ProductsStrategic advisory, family office services, asset management, investment banking
ParentRockefeller Financial Services (predecessor), Viking Global Investors (majority owner)
Websitewww.rockco.com

Rockefeller Capital Management (RCM) is a standalone wealth management and financial services company established in 2018. It offers strategic advisory, family office, and asset management solutions to affluent individuals, families, institutions, and corporate clients. The company's president and chief executive officer is Greg Fleming.

Based at 45 Rockefeller Plaza in New York City,[1] RCM maintains a presence with more than 40 offices[2] spanning 31 U.S. metropolitan areas,[3] including a branch located in London.[4]

Company history

In October 2017, Rockefeller Financial Services—the parent entity of Rockefeller & Co.—announced the formation of Rockefeller Capital Management,[5] naming former Wall Street executive Greg Fleming as its inaugural CEO.[1] This development came after Viking Global Investors acquired a controlling interest in Rockefeller & Co., a multi-family wealth management office originally founded by the Rockefeller family in 1979.[1] The initial entity was created by John D. Rockefeller in 1882 as America's first comprehensive single-family office,[6] recognized by the Financial Times as among the earliest family offices globally dedicated to managing private wealth.[7] In 2010, Rockefeller & Co. rebranded itself as Rockefeller Financial.[8]

Operations under Rockefeller Capital Management commenced in March 2018.[9] Fleming undertook an aggressive recruitment strategy targeting top talent from leading Wall Street brokerages,[10] pursued strategic acquisitions,[11] and extended its office network across the country,[12] reaching operations in 14 states by 2021.[13] By 2022, RCM had expanded to over 40 offices within the United States,[2] along with its London location, overseeing more than $90 billion in assets under management through Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking.[3][14]

Notable acquisitions include the Silicon Valley-based multi-family office Financial Clarity in 2019,[15] Chicago’s Whitnell & Co., acquired from Associated Banc-Corp in early 2021,Cite error: The opening <ref> tag is malformed or has a bad name and Florida’s Spearhead Capital’s wealth management division in 2022.[16]

In April 2023, RCM received a $622 million capital infusion from Canadian asset manager IGM Financial, a subsidiary of Power Corporation of Canada controlled by the Desmarais family, longstanding collaborators with both RCM and the Rockefellers.[17][18] As of January 2025, Rockefeller Capital Management reported overseeing assets totaling $151 billion.[3]

Services

Rockefeller Global Family Office
The Rockefeller Global Family Office delivers a range of financial services, encompassing wealth management, fiduciary and trust services, family office solutions, and advisory support for wealth strategy.[19]

Rockefeller Global Investment Banking
This branch specializes in offering strategic counsel to ultra-high-net-worth families, family offices, individual clients, and corporations regarding mergers and acquisitions, divestitures, real estate transactions, capital raising initiatives, and sports franchise investments.Cite error: The opening <ref> tag is malformed or has a bad name

Rockefeller Asset Management
Rockefeller Asset Management oversees equity and fixed income portfolios through active management, multi-factor passive strategies, and thematic investment approaches.Cite error: The opening <ref> tag is malformed or has a bad name Since March 2018, it has integrated environmental, social, and governance (ESG) considerations aligned with the United Nations Environment Programme Finance Initiative.Cite error: The opening <ref> tag is malformed or has a bad name In 2019, the firm introduced two ESG-focused funds: the Rockefeller US ESG Equity Fund and the Rockefeller Global ESG Equity Fund domiciled in Europe.Cite error: The opening <ref> tag is malformed or has a bad name In 2021, Rockefeller collaborated with Bloomberg to create the Bloomberg Rockefeller U.S. All Cap Multi-Factor ESG Improvers Index, which assesses companies based on ESG progress alongside quality and low volatility criteria.Cite error: The opening <ref> tag is malformed or has a bad name

Governance

Greg Fleming, a former executive from Wall Street, serves as the founding president and CEO. The majority ownership resides with Viking Global Investors’ private equity division, where Viking portfolio manager Brian Kaufmann holds a board position. Members of the Rockefeller family maintain a minority ownership interest. In April 2023, the Desmarais family acquired a 20.5% share via Power Corporation of Canada; as part of this transaction, Andre Desmarais and James O’Sullivan were appointed to the board.

References

  1. ↑ 1.0 1.1 1.2 Cite error: Invalid <ref> tag; no text was provided for refs named The Street
  2. ↑ 2.0 2.1 Cite error: Invalid <ref> tag; no text was provided for refs named 1:4
  3. ↑ 3.0 3.1 3.2 Cite error: Invalid <ref> tag; no text was provided for refs named Citywire2025
  4. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named 1:6
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  6. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named 1:1
  7. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  8. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
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  10. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named focused next
  11. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  12. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named cross-country push
  13. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Seeking Alpha Whitnell
  14. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Barrons2024
  15. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Deepens Ties
  16. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named 1:5
  17. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named Reuters-IGM
  18. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named BI-IGM
  19. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named 1:8

External links

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