Financial advisors Christopher Fineburg and Teresa Armel have left Rockefeller Global Family Office to join Next Capital Management, a Dynasty Financial Partners firm, as senior wealth advisor and wealth advisor, respectively. At Rockefeller, the two were part of the Bostwick Walters Wealth Partners group, which oversaw $1.4 billion in client assets, and they expect to transition $200 to $300 million over time to Next.
Fineburg and Armel were formerly with Spearhead Capital, a $1.5 billion boutique wealth management firm in Wellington, Fla., which was acquired by Rockefeller in June 2022. When Spearhead was acquired, it became The Bostwick Walters Wealth Partners group within the Rockefeller Global Family Office.
The advisors will add to Next Capital’s services for ultra-high-net-worth clients, as Fineburg and Armel bring their experience with complex family office clients. The two also have expertise in research and manager selection in the alternatives space.
Prior to the Rockefeller acquisition, Fineburg spent three years as managing director at Spearhead, and prior to that, he was at Greycourt & Co. for 12 years, serving in a similar role. There, he worked with U.S. and offshore clients that included institutions, the firm’s discretionary relationships and several commingled funds.
Armel was a senior vice president at Rockefeller and director at Spearhead Capital. Prior to Spearhead, she was at Greycourt for 12 years, most recently as senior associate advisor.
“Teresa and I were highly impressed with Next Capital’s capabilities across alternative investments, investment reporting and family office services that was equal or superior to firms many times their size,” Fineburg said in a statement. “Our goal was to find a firm of top-tier people using best in class technology so that we could provide the no compromise, highly customized boutique service that we’ve always taken pride in.”
Over the last several years, Rockefeller has become one of the most sought-after options for advisors looking to deliver concierge-level service to UHNW and HNW clients. In April, the firm received backing from Canada’s Desmarais family that valued the business at $3 billion. The firm operates 46 locations across the U.S. and one in London, and as of June 30, it was responsible for $112 billion in client assets across its three businesses. Last August, the firm laid out a plan to double both its advisor fleet and assets.