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Geller & Co., a wealth management firm with nearly $5 billion in assets under management, announced last month that it opened its first Florida office in Palm Beach County.
A spokesperson for the New York-based company told the Business Journal that it moved in to a 3,417-square-foot office in Jupiter at Jupiter Riverwalk, 150 S. U.S. Highway 1, to better serve its increasing number of clients who have established full- or part-time residency in the state.
Scott Bush, Chief Client Officer of Geller Advisors, will lead the firm’s South Florida market with two other advisors, and is looking to increase its local staff.
“We are excited about expanding our presence in South Florida in order to further deepen our ability to serve clients in the region,” Bush said.
Since a number of Geller’s clients are high-net worth families and individuals, many of whom own businesses, the firm recognizes the region as a key market to serve and attract clients.
“Based on our origins as a firm providing comprehensive services to clients who are highly discerning leaders in their respective fields, it is our belief that we have built some of the most sophisticated investment, tax, estate planning, CFO, and financial management capabilities available in the financial services marketplace,” said Bush.
“The greatest value we deliver is at the nexus of these disciplines, helping our clients to generate long-term and sustainable wealth,” he added.
Some of the firm’s services include analyzing and structuring generational wealth transfers, the sale of a business, career transitions – and related cash flow and investment planning, going through a separation or divorce or contemplating the need for a virtual family office.
Geller now has three locations, with its headquarters in New York and an office in Los Angeles.
Seacoast hires new market president
Seacoast Bank, one of the largest publicly traded banks in South Florida, announced that Eddy L. Rodriguez will serve as Broward market president, after serving the Broward and Palm Beach County markets for over two decades.
Rodriguez was most recently employed by First Horizon Bank as Senior Vice President, Commercial Banking team lead for Broward and Palm Beach counties. In this role at Seacoast, he will lead the Stuart-based bank’s commercial banking team and business development efforts in Broward County – reporting to the bank’s EVP, South Group President Chris Rolle.
“Eddy has over 20 years of demonstrated success building relationships with private equity groups, family offices, commercial and middle market business owners and structuring commercial real estate loans,” Rolle said. “His authentic approach to leadership, relationship development and client engagement is critical to Seacoast Bank’s strategic growth initiatives in this dynamic market.”
The recruitment for the role is an indicator of the rapid South Florida growth at Seacoast Banking Corp. of Florida (Nasdaq: SBCF). Earlier this year, the bank closed on its $488 million acquisition of Professional Bank, a publicly traded bank based in Coral Gables. It also acquired Apollo Bank last year, in a deal that was expected to grow deposits in the tri-county region to approximately $2.7 billion.
As of March 31, its total deposits surpassed $12.3 billion, a near 25% increase in deposits from the previous quarter, and 33% year-over-year increase, according to the Federal Deposit Insurance Corp.
HE SAID IT
“As President and CEO of USCB Financial Holdings, Inc., I am honored to assume the additional responsibility of Chairman of the Board. Our unwavering focus remains on organic and sustainable growth, ensuring that USCB Financial Holdings Inc. continues to thrive in a sound and prudent manner.”
Luis de la Aguilera, U.S. Century Bank President, CEO and Chairman on being appointed as the bank’s new chairman.
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