Rockefeller Capital Management LP agreed to acquire Mountain View, Calif.-based multifamily office Financial Clarity Inc., which oversees about $2.3 billion in client assets.
The transaction is expected to close early in the fourth quarter.
Financial Clarity Founder Stan Young will join Rockefeller as managing director and senior client adviser. He will be a senior member of the team leading the Rockefeller Global Family Office's Silicon Valley efforts.
Wachtell Lipton Rosen & Katz is serving as legal adviser to Rockefeller.
Rockefeller, a privately owned financial services firm, offers global family office, asset management and strategic advisory services to ultra-high-net-worth individuals and families, institutions and corporations.
