Rockefeller Capital Management has reached a definitive agreement to acquire Financial Clarity Inc., a multi-family office based in Mountain View, California. The acquisition represents the expansion of the Rockefeller Global Family Office into Northern California.
For over 25 years, Financial Clarity has partnered with Silicon Valley founders, venture partners and top executives in managing their expanding wealth, in addressing their increasingly complex financial planning needs, and in assisting in transferring their assets and values to the next generation. Stan Young, who founded Financial Clarity in 1992, will join Rockefeller as managing director and senior client advisor. He will be a senior member of the team leading the Global Family Office’s Silicon Valley efforts.
Financial Clarity oversees approximately $2.3 billion in client assets.
Rockefeller has recently expanded its presence on the West Coast, opening offices in San Francisco and Los Angeles. The Silicon Valley location is an important part of Rockefeller’s national strategy as the firm extends its footprint to align with where clients build businesses and create wealth. The transaction is subject to customary closing conditions and expected to close early in the fourth quarter of 2019.
