Welcome to Financial Advisor IQ
Follow

Advisor Moves: Another Merrill Lynch Alum Heads to Rockefeller, Morgan Stanley Nabs UBS Lifer, and More ...

By Alex Padalka November 5, 2018

Another Merrill Lynch alumnus has headed to Rockefeller Capital Management, according to a press release from Rockefeller, which is now headed by Greg Fleming, the former president of Merrill Lynch and Morgan Stanley.

Chris Dupuy joins Rockefeller as a managing director and chief operating officer of the company’s wealth management division, opening Rockefeller’s first office in San Francisco, the company says.

He joins from Focus Financial, where he had been for four years, prior to which Dupuy spent 29 years at Merrill Lynch, according to the press release.

Dupuy is tasked with selecting target markets and potential acquisitions for Rockefeller’s expansion, as well as overseeing the integration of new wealth advisors into the firm, the company says.

“Appointing Chris as COO of Rockefeller Wealth Management is the latest step in our commitment to build a premier wealth advisory platform to enable our ultra- and high-net-worth clients to rely on Rockefeller across their diverse spectrum of needs,” Fleming says in the press release.

Rockefeller has lured several Merrill Lynch and Morgan Stanley executives in recent months.

In October, Rockefeller hired Douglas Dubiel, who had been a senior vice president at Merrill Lynch Wealth Management for 14 years.

* * *

Morgan Stanley Nabs UBS Lifer

A broker who had spent her entire career with UBS and its predecessor PaineWebber has jumped ship to Morgan Stanley, according to news reports.

Donna Mitchell has joined Morgan Stanley’s office in Roanoke, Va., according to her BrokerCheck profile.

She began her career at PaineWebber in 1988, AdvisorHub writes.

UBS acquired PaineWebber in 2000.

Mitchell left UBS on her own, a person answering the phone at her Morgan Stanley branch tells the industry news website. Her former partner, John Hoffman, Jr. and her team’s client service associate remain with the firm, according to AdvisorHub.

Mitchell, Hoffman and UBS spokespeople didn’t return the website’s requests for comment.

* * *

Morgan Stanley Alum is off to Fauquier

Fauquier Bankshares has appointed Patrick Heijmen as the new director of wealth management services at the Fauquier Bank, the firm’s principal subsidiary, according to a press release from the bank.

Heijmen joins TFB Wealth Management from Middleburg Bank, a division of Access National Bank, where he was senior vice president and program manager, Fauquier Bankshares says.

He had worked at the Fauquier Bank before, as well as at Morgan Stanley in Washington, D.C., according to the press release.

"We are excited to bring someone of Patrick’s caliber into our organization,” Marc Bogan, president and CEO of the Fauquier Bank, says in the press release.“He will be a great addition to our outstanding wealth management team, and will play a big role in moving our organization forward."

The Fauquier Bank, which offers financial planning from offices in Fauquier and Prince William Counties in Virginia, had combined assets of $670 million as of the end of September.

* * *