Trust, Tennessee, Technology, and Talent
intersect at Wealthspire Trust to benefit advisors and family
wealth clients
Wealthspire Advisors LLC (“Wealthspire Advisors”), an NFP
company and independent registered investment advisor (RIA) with
$25.86 billion1 in assets under management (AUM), today announced
the launch of its next-generation trust company, Wealthspire Trust
LLC. Advisors at Wealthspire Advisors can now offer personal trust
administration solutions through Wealthspire Trust, powered by
fully integrated technology and coupled with Tennessee’s favorable
trust laws.
“The launch of our trust company further demonstrates our
commitment to expanding our family office services, ensuring we
best serve our multigenerational families’ complex needs,” said
Mike LaMena, Chief Executive Officer of Wealthspire Advisors.
“Harnessing the strengths of our advisors’ investment expertise,
combined with Wealthspire Trust’s technology and trust
administration specialists, results in a powerful offering of
client-centered solutions.”
“As we continued to evolve our services, we searched for a
favorable jurisdiction for our trust company, and that’s
Tennessee,” said Heather Flanagan, Head of Wealthspire Advisors’
Family Office Services and Chair of the Wealthspire Trust board.
“In support of our advisory teams and clients, we have cultivated a
team of Wealth Strategy professionals who specialize in estate
planning, wealth transfer, and taxation. The combination of this
expertise, together with Wealthspire Trust’s talented team,
innovative technology, and Tennessee charter, uniquely positions us
in a competitive industry.”
Jonathan Connolly, AIF®, ATFA, President of Wealthspire Trust,
previously held leadership roles at UBS AG, Comerica Bank and
Trust, and RBC Wealth Management.
“Establishing our Tennessee-based trust company with a fully
integrated technology platform sets us apart at a time when
high-net-worth families expect more from their wealth management
firm,” Connolly said. “As we set out to build the trust company of
the future, we know clients expect real-time access to their
information and answers to their questions because
multigenerational trusts are complex. To further enhance our
client-centric service model, we are staffed to provide a highly
responsive trustee experience with accessibility across our
firm.”
Tennessee’s differentiated trust company regulations offer many
attractive benefits for wealthy families, including perpetual
trusts, directed trusts, asset protection trusts, community
property trusts, as well as flexible administration techniques such
as implementing uni-trust provisions or modifications through
non-judicial settlement agreements.
For more information about Wealthspire Trust, please visit
www.wealthspiretrust.com.
About Wealthspire Advisors
Wealthspire Advisors LLC is an independent registered investment
advisor with $25.86 billion1 in assets under management, 23 offices
across the U.S., and more than 110 advisors. In 2023, the firm was
recognized as a top RIA firm by Barron’s, Forbes/Shook, and
Financial Advisor Magazine.2 Offering financial planning,
investment management, family office, and outsourced chief
investment officer (OCIO) services, Wealthspire Advisors brings
together experts in various aspects of wealth management to serve
its clients. For more information, please visit
www.wealthspire.com.
About Wealthspire Trust
Wealthspire Trust is a Tennessee-chartered trust company based
in Franklin, Tennessee. By leveraging the robust trust advantages
of Tennessee, we seek to establish beneficial trust structures for
our clients to offer a boutique personal trust administration
experience. Wealthspire Trust coordinates investment management of
trust assets through delegated and directed arrangements, offering
investment flexibility, control, and transparency. Premier client
service, innovative trust technology solutions, trust
administration expertise, and the determination to uncover
solutions for the most complex scenarios are the foundation of
Wealthspire Trust. Please visit www.wealthspiretrust.com to learn
more.
About NFP
NFP, an Aon company, is an organization of consultative advisors
and problem solvers helping companies and individuals address their
most significant risk, workforce, wealth management and retirement
challenges. With colleagues across the US, Puerto Rico, Canada, UK
and Ireland, they serve a diversity of clients, industries, and
communities. Their global capabilities, specialized expertise and
customized solutions span property and casualty insurance,
benefits, wealth management and retirement plan advisory. Together,
they put people first, prioritize partnerships and continuously
advance a culture they’re proud of. Visit NFP.com to learn
more.
1 Reflects combined assets as of 3/31/2024 for Wealthspire
Advisors LLC and its subsidiaries.
2 Barron’s Top 100 RIA Firms – 2023 – Published in
September 2023, based on data as of 6/30/2023. Forbes –
America’s Top RIA Firms – 2023 – Ranking published October
2023, based on values as of March 31, 2023. Financial Advisor
Magazine – Top Registered Investment Advisors – Published June
14, 2023, based on data from December 2021-December 2022. For a
full list of awards disclosures, please visit our website at
https://www.wealthspire.com/privacy-policy/awards-disclosures/.
Wealthspire Advisors is the common brand and trade name used by
Wealthspire Advisors LLC and its subsidiaries, separate registered
investment advisers and subsidiary companies of NFP Corp., an Aon
company. Please Note: Limitations. The achievement of any
professional designation, certification, degree, or license,
recognition by publications, media, or other organizations,
membership in any professional organization, or any amount of prior
experience or success, should not be construed by a client or
prospective client as a guarantee that he/she will experience a
certain level of results or satisfaction if Wealthspire is engaged,
or continues to be engaged, to provide investment advisory
services.
The Center for Fiduciary Studies owns the mark AIF®, which it
awards to individuals who successfully complete initial and ongoing
accreditation requirements.
© 2024 Wealthspire Advisors
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Media: Alexandra Zendrian 516-581-7202
alexandra@therudingroup.com