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Bessemer Trust is a private, independent multi-family office that oversees more than $200 billion for over 3,000 families, foundations and endowments. [2] Founded in 1907, the firm has its headquarters in New York City , with 19 regional offices elsewhere in the world.
Fiduciary Trust Company was founded in 1885 as a family office, and incorporated as a trust bank in 1928 by Robert H. Gardiner. [4]By 2017, the firm’s parent company, Fiduciary Company, Inc. (FCI), was an independent firm owned by current and former employees, directors and clients.
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3]
A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.
Rockefeller Capital Management (RCM) is an independent wealth management and financial services firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, institutions, and corporations.
A family trust has an extended lifespan that enables it to distribute assets based on designated milestones (ie., marriage, having children). It can also fund the special needs care of a loved one ...
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