Bolton Global Capital is pleased to announce that Michel Palacci has joined the firm’s Manhattan office. Palacci was formerly with Morgan Stanley where he managed assets of $125 million. His international high net worth clientele is based in Europe, Latin America and the US. He joined Morgan Stanley in 2009 after 10 year career at Citigroup Global Markets.
Last month, Bolton recruited Daniel Geller, also from Morgan Stanley in New York City with $430 million in client assets. He is affiliating with a team of former Morgan Stanley advisors Ruben Lerner and Manuel Uranga who joined Bolton in 2017 and manage over $250 million in client assets. The firm also recruited Nicholas Schreiber from Morgan Stanley in 2018 who is located at Bolton’s Fifth Avenue office where Michel Palacci will operate his business.
Since opening offices in Miami and New York City, Bolton has recruited more than two dozen international teams from the major US banks and wirehouses. The firm offers turnkey office space and a full suite of global wealth management capabilities to allow teams to easily transition to the independent business model where they can achieve higher compensation and greater ownership of their business. This model is the fastest growing segment of the US wealth management industry and Bolton has sustained a 20 percent annual growth rate over the last 5 years by focusing on teams at the major banks and wirehouses that specialize in international business.
