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Royal Palm Way in West Palm Beach Fla has benefited from a heavy presence of wealth management and financial services firms with average rents increasing 09 percent over the past two years Rents on Royal Palm Way currently average 5852 per sq ft for all office spaces and 7075 per sq ft for the most luxurious buildings

Rockefeller-Backed Firm Lures Family Office Expert

Douglas Dubiel, a former Merrill advisor, will build out Rockefeller’s West Palm Beach, Fla. office.

Douglas Dubiel is the latest to join Rockefeller Capital Management, the Rockefeller family-backed firm led by former Morgan Stanley Wealth Chief Greg Fleming. Dubiel, who most recently was at Goodrich, a billion-dollar single family office, joins as a managing director and senior wealth management advisor and will build out Rockefeller’s West Palm Beach, Fla. office.

Dubiel is the 13th senior hire to join with a Merrill Lynch background since Rockefeller was relaunched in March. Prior to Goodrich, he was a senior vice president for Merrill Lynch Wealth Management. The firm was formed earlier this year through the acquisition of family office Rockefeller & Co. by its management team, the investment fund Viking Global Investors and a Rockefeller family trust. It is led by Fleming, with a goal of managing $100 billion in assets within 5 years.

According to LinkedIn, Dubiel joins from Goodrich, where he served as chief operating officer and trustee for the past 4 years and as chief investment officer and trustee for 9 years prior to that. Because he’s coming from a single family office, he won’t be bringing over a book of business.

“His addition is part of the firm’s strategy to augment its capabilities to serve ultra- and high-net-worth clients, providing the same level of care and expertise that has served wealthy families since its inception in 1882,” the firm said in a statement.

Dubiel will report to Michael Outlaw, who Rockefeller recently tapped to lead the firm’s recruiting and wealth advisors in the Eastern United States and open its Atlanta office.

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