ClientAssets News & Analysis
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Market Mood
Rockefeller (RCA) Establishes Office in Ohio with Jones Wealth Partners
Rockefeller Global Family Office has expanded its Ohio operations by acquiring Jones Wealth Partners and opening a new office in Columbus. The advisory team, led by Sidney Jones, has over 40 years of experience in wealth management and serves high-net-worth clients. Rockefeller oversees $224 billion in client assets as of June 30, 2026, across various services. This expansion may enhance Rockefeller's service capabilities in Ohio, a state identified as a growth opportunity. Such developments can impact client asset management firms and their market positioning.
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OCBC (OCBC) to Double Wealth Advisers to 400 by 2026
OCBC (OCBC) plans to increase its wealth advisory workforce in Indonesia to 400 by the end of 2026, following the acquisition of HSBC Holdings’ retail and wealth assets. According to Parwati Surjaudaja, client assets in Indonesia grew by 11% year-on-year to RP127 trillion ($7.1 billion). The strategy includes recruiting new relationship managers and redeploying existing staff to enhance services for affluent Indonesians. This expansion underscores OCBC's commitment to tapping into the Indonesian wealth management market amid changing dynamics in asset localization.
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Merit (MERIT) Acquires Strategic Retirement Plans for $586M in Assets
Merit Financial Advisors has agreed to acquire Strategic Retirement Plans, which manages approximately $586 million in client assets. The acquisition will see Strategic Retirement Plans' owners and staff transition to Merit, enabling the combined firm to enhance its retirement income planning services. This is Merit’s 57th deal as part of its expansion strategy across the U.S. Previous clients of Strategic Retirement Plans include individuals from the energy sector and various business owners, contributing to a notable client base. The deal emphasizes Merit's commitment to growth and providing personalized financial advice.
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