Rockefeller Capital Recruited $1 Billion Charlotte Team
Clients of the Piedmont Wealth Partners team will transition to the Rockefeller Global Family Office.
Updated on Oct. 1, 2026 in Financial Planning
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Rockefeller Capital Management has recruited a wealth management team based in Charlotte, North Carolina. This team, known as Piedmont Wealth Partners, previously managed $1 billion in client assets at Truist Bank.
Why it matters
The recruitment is part of a strategy to increase Rockefeller's footprint within the Charlotte wealth management market. Clients associated with this team will now have their assets managed through the Rockefeller Global Family Office platform.
The recruited team brings $1 billion in client assets to the firm. These figures represent the total portfolio overseen by the five-person unit transitioning from Truist Bank.
The players
Rockefeller Capital Management
An independent financial services firm providing wealth management and investment services to high-net-worth households.
Truist Bank
A financial institution providing retail and wealth management services to individual depositors and investors.
Piedmont Wealth Partners
A wealth management team that manages $1 billion in assets and recently joined the Rockefeller Global Family Office.
Paul S. Irving
A managing director at Piedmont Wealth Partners with industry experience dating back to 1997.
Gavin Y. Shuck
A managing director at Piedmont Wealth Partners who entered the financial industry in 1997.
The details
The team transition includes three managing directors and two senior client associates who will operate under the Rockefeller Global Family Office. Paul S. Irving, Gavin Y. Shuck, and Brett T. Schmidt lead the group as managing directors, supported by Ben Beeson and Nichole McKeon. The move shifts the oversight of $1 billion in client assets to the new firm, reflecting the team's professional history that dates back to the late 1990s.
Timeline
1997 marks the year Paul S. Irving and Gavin Y. Shuck entered the financial industry.
1998 was when Paul S. Irving joined First Union Brokerage Services.
1999 was the year Gavin Y. Shuck joined First Union.
2012 was the year Brett T. Schmidt started with BB&T Securities.
2013 was the year Irving and Shuck began their tenure at Truist.
Money Landscape
This recruitment follows the industry trend of firms aggressively expanding their presence by acquiring successful wealth management teams in key growth markets. The move highlights the ongoing competition for advisors managing large-scale assets in regional hubs like Charlotte.
Clients of the transitioning team should monitor any communications regarding changes to account access or fee structures following the move to Rockefeller. Consult with a qualified financial or tax professional to ensure that your long-term financial goals remain aligned under the new firm.
The takeaway
Large wealth management teams moving between firms can change the service platform and account interface for individual clients. Review your account statements and any transition documents closely to confirm that your investment strategy remains unchanged during this institutional shift.
Further reading
For more on how shifts in firm leadership affect your accounts, visit Financial Planning.
Source note: This article includes information reported by FA Magazine.
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