Rockefeller Global Family Office has recruited a Morgan Stanley advisory team that managed approximately $1 billion in client assets in Naples, Florida, according to reporting by AdvisorHub.
The Coplin Wealth Partners team reportedly generates about $6 million in annual revenue.
Michael Outlaw, who recently became president of Rockefeller's wealth division, told AdvisorHub that the firm views Naples as a strategic market because of its concentration of affluent residents and seasonal wealth migration patterns. Rockefeller already maintains several Florida offices, including locations in Boca Raton, Fort Lauderdale, Palm Beach Gardens, Ponte Vedra, Wellington, and Winter Park.
The recruitment adds to Rockefeller's recent hiring momentum. AdvisorHub previously reported that Rockefeller recruited a UBS Wealth Management USA team in New York City, a Raymond James & Associates group managing $350 million in Michigan, a UBS team overseeing $2 billion in California, a Merrill team managing $3 billion in Houston, and another Morgan Stanley team with approximately $1 billion in assets based in Oklahoma.
Rockefeller, founded in 2018, reportedly recapitalized in December at a $6.6 billion valuation, according to AdvisorHub.
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