Rockefeller Capital has added $1 billion in assets for every month Greg Fleming has been CEO. He highlights the 2 trends shaping the industry.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The former Morgan Stanley and Merrill Lynch president said he's on track to oversee $35 billion by year-end. He wants to hit $100 billion by 2023.

Greg Fleming, head of Rockefeller Capital Management, highlights how digital tools and the coming wealth transfer are reshaping wealth managementsimply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Fleming highlighted two factors reshaping wealth management: digital tools and the coming wealth transfer from Baby Boomers to younger generations.Wall Street veteran Greg Fleming announced big ambitions when he took over as CEO of Rockefeller Capital Management last year. On Tuesday, Fleming said he's making progress toward that goal. By year end, he said he expects the firm to hit about $35 billion, a milestone that means the firm has added about $1 billion per month since he took over.Part of Rockefeller's growth will come through acquisitions, the first of which the companyGreg Fleming just hired the former chief of Goldman Sachs' elite financial planners, and it shows he's serious about staying true to the Rockefeller nameThe first is digital.

- should also change the wealth industry, he said. Because of longer life expectancy, women are set to be the face of that capital transfer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines