Rockefeller Hires $10-Million Team from Stifel
Rockefeller Capital Management on Friday added a seven-person private wealth management team in New York CIty that produced between $10 and $11 million over the past 12 months at Stifel Nicolaus, according to sources.
Moldaver and his senior partner James J. “Jimmy” Lee were among the top producers at St. Louis-based Stifel, which they joined in 2012 when it acquired Barclays retail brokerage business.
The team, whose other senior advisor is James J. “Jimmy” Lee, oversaw about $2 billion of assets under management from mostly first-generation entrepreneurs, Moldaver said in an earlier interview.
Reached on Friday, he declined to comment on his move but said he had only positive things to say about Stifel. (Paterson no longer works for the team, but his wife, Mary, who was formerly married to Guardian Angels founder Curtis Sliwa, is a senior relationship manager and head of Moldaver Lee Group’s “philanthropy” unit.)
Although Moldaver spent the first eight years of his career at penny-stock firms (following an internship as a runner for a commodities firm at the New York Mercantile Exchange), he earned his stripes at Bear, Stearns & Co.’s small but aggressive retail brokerage unit. He left Bear after six years for a four-year stint at Morgan Stanley, prior to joining Barclays in 2012.
Lee has worked alongside Moldaver, whom he refers to as his “mentor” on his new Rockefeller biographical profile, for his entire 20-year brokerage career. The New Jersey residents met in 2000 when Lee began his career at Josephthal & Co.
The team is the 12th to join Rockefeller Capital’s private wealth group this year, and bring its total number of financial advisors to just over 50 in offices in New York, Atlanta, San Francisco, Los Angeles and suburban Philadelphia.
The former family office of John D. Rockefeller’s heirs recapitalized itself through private equity firm Viking Global Investors in 2018 and has expanded with a cadre of former Morgan Stanley managers under the baton of chief executive Greg Fleming, the former head of Morgan Stanley’s wealth management division and former president of Merrill Lynch.
Rockefeller lured a $4.5-million team from Morgan Stanley to its New York headquarters two months ago, with the help of Michael Parker, a longtime industry recruiter who joined as its East Coast field manager a year ago.
A spokesman at St. Louis-based Stifel Financial declined to comment on the Moldaver team’s move, or on where he and Lee ranked among Stifel, Nicolaus’s 2,224 brokers.
Other team members who joined Rockefeller from Stifel are financial plan specialist Michael Amato, trader J.P. Bartolomeo, team administrator Mary Bennett and “chief investment officer” Scott Stewart.