Rockefeller Acquires $1.5 Billion Florida Wealth Manager

Editorial Staff

7 June 2022

Rockefeller Capital Management has acquired the wealth management business of Spearhead Capital, a Florida-based firm serving ultra-high net worth investors, family offices, and private placement markets.

The acquired team, which will operate as The Bostwick Walters Group, comprises 12 financial professionals serving about 70 families and representing assets of more than $1.5 billion, Rockefeller said in a statement yesterday.

The Bostwick Walters Group is led by managing director and private wealth advisor Jarrett Bostwick and MD and PWA Todd Walters. It is joining the firm’s Southeast Division, led by Kristen Sario.

For the past 10 years, Jarrett Bostwick has served as managing partner and an advisor with Spearhead Capital, which he co-founded with Todd Walters. Bostwick also serves as managing principal of National Financial Companies, a multi-family office venture capital investment firm. Prior to his work with Spearhead, he practiced law as a partner with the Chicago firms of Handler Thayer, and Gardner, Carton & Douglas, serving affluent clients and family offices.

Todd Walters, who has worked for more than 25 years in the alternative investment management industry, has experience of working in the US, Europe and Asia. In 2008, Walters founded New Vernon Financial, a predecessor company to Spearhead Capital. Previously, he was a MD at Merrill Lynch within the hedge fund development and management group. He has also held leadership positions with Credit Suisse, Arden Asset Management, Morgan Stanley and Wurfbain Management.

Joining Bostwick and Walters are: Chris Shepherd, managing director, PWA; Chris Fineburg, MD, PWA; Corey Tiller, MD, team portfolio manager; Sagar Dalal, MD, advanced wealth planner; Tim Troutman, team chief operating officer; Teresa Armel, senior vice president, PWA; Adam Blum, vice president, investment research associate; Tanya Polzer, business manager; Brandon Avergon, vice president, associate director; and Kai Heller-Spencer, investment research analyst.

The move continues Rockefeller’s expansion. Early in 2022, it opened an office in London. As of March 31, it was responsible for about $95 billion in client assets across its three business segments, the Rockefeller Global Family Office, which includes both the private wealth management and family office businesses, Rockefeller Asset Management and Rockefeller Strategic Advisory.