New York-based Rockefeller Capital Management’s wealth management division, Rockefeller Global Family Office, entered the Wilmington market in September by acquiring a Wilmington-based UBS Wealth Management USA firm, Decision Point Wealth Partners.

Last month’s acquisition comes from long-standing relationships between members of the Decision Point team and individuals at Rockefeller, Michael Outlaw, national field director of the Rockefeller Global Family Office, told the Business Journal.

Rockefeller touted the expertise Decision Point Wealth Partners will bring to Rockefeller in its release, stating the Wimington team has 120 years of combined experience in private wealth management.

The Decision Point team includes Managing Director and Private Advisor Chad Pearson; Senior Vice Presidents and Private Advisors Donis Smith and Paul Patterson; Wealth Manager Riley Stephenson; Senior Client Relationship Manager Jillian Dempsey; and Client Associate Courtenay Bickler.

The Wilmington private wealth management firm oversaw about $600 million in client assets, according to Advisor Hub. 

Rockefeller Global Family Market originates from the family office of John D. Rockefeller, an entrepreneur famous for his wealth and monopolization of the U.S. oil industry, according to Rockefeller’s release. 

The firm offers strategic advice to high net-worth individuals, families and institutions, according to Rockefeller. It has 46 locations nationwide and is responsible for $112 billion in client assets.  

“We are excited to be in Wilmington and will continue to examine the market for growth,” Outlaw said. “We are also focused on Charlotte as a center of economic growth and a promising market for private wealth management and we expect future plans will include expansion there.”