Rockefeller Nabs $1.3B Six-Person First Republic Advisory Team
Marchetti Porter Wealth Partners, a six-person advisory team with $1.3 billion in assets, has left First Republic Wealth Management to join Rockefeller Global Family Office, the wealth management division of Rockefeller Capital Management in San Francisco.
Marchetti Porter Wealth Partners is led by managing directors and private advisors James B. Marchetti and Caleb Porter, both who had been at Merril Lynch before joining First Republic in early 2016.
The teak also includes senior vice president and private advisor James L. Marchetti; client relationship directors Stacey Swain and Alicia Powell; and client associate Ellen Siebenlist.
The team will report to Brian Riley, Pacific Northwest Division director at Rockefeller Global Family Office.
Marchetti is at least the second group to depart the troubled bank in recent weeks. Vishal Bakshi, a New York City broker who managed over $1 billion in assets and generated $10 million in revenue, left on March 17 after less than a year at First Republic to join Morgan Stanley.
Rockefeller Capital Management manages about $98 billion in client assets across its three businesses, Rockefeller Global Family Office, Rockefeller Asset Management and Rockefeller Strategic Advisory.