LONDON — Two of the world’s best-known banking families are combining forces after RIT Capital Partners, the investment trust led by Jacob Rothschild, said on Wednesday that it was buying a minority stake in the investment and wealth management firm Rockefeller Financial Services.
Under the terms of the deal, RIT Capital will buy a 37 percent stake in Rockefeller Financial Services, a firm founded in 1882 that now handles about $34 billion in client assets.
The price was not disclosed. RIT Capital said it would acquire the stake in the firm from Société Générale Private Banking of RIT Capital and Rockefeller Financial Services said that they would collaborate on investment opportunities and other areas of shared expertise.
