Stewards of Your Success

At Chilton Trust, our greatest responsibility is the preservation of prosperity. As a truly independent firm, we partner with high net-worth clients, family offices, institutions, and foundations to provide bespoke, dynamic solutions to unique and complex needs. Beyond our suite of wealth management services, the Chilton Trust team acts as a trusted advisor to facilitate growth and shape the legacy of current and future generations.

Stewards of Your Success

At Chilton Trust, our greatest responsibility is the preservation of prosperity. As a truly independent firm, we partner with high net-worth clients, family offices, institutions, and foundations to provide bespoke, dynamic solutions to unique and complex needs. Beyond our suite of wealth management services, the Chilton Trust team acts as a trusted advisor to facilitate growth and shape the legacy of current and future generations.

Stewards of Your Success

At Chilton Trust, our greatest responsibility is the preservation of prosperity. As a truly independent firm, we partner with high net-worth clients, family offices, institutions, and foundations to provide bespoke, dynamic solutions to unique and complex needs. Beyond our suite of wealth management services, the Chilton Trust team acts as a trusted advisor to facilitate growth and shape the legacy of current and future generations.

Q3 2015 Quarterly Commentary

Please Contact Us at inquiries@chiltontrust.com

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Gregg Manjerovic joins our team as a Senior Vice President and Portfolio Manager

CHILTON INVESTMENT SERVICES FIXED INCOME is delighted to announce that GREGG MANJEROVIC has joined our team as a Senior Vice President and Portfolio Manager. Gregg is a taxable fixed income specialist with over seventeen years of investment management experience.

Prior to joining Chilton, Gregg was a Senior Fixed Income Portfolio Manager and Director at Public Financial Management Asset Management, (PFM), where he worked for 14 years. At PFM, Gregg was responsible for management of over $9 Billion in separate account discretionary portfolios and also served as a member both of the Investment Committee and the Credit Committee.

Prior to PFM, Gregg worked for Northern Trust Global Investments in Chicago as Portfolio Manager and Trader managing intermediate and long-term Taxable –fixed income portfolios as well as trading corporate bonds for mutual fund, pension, foundation, and endowment accounts. In addition, Gregg also provided fixed income strategy and trading capability for Northern Trust Wealth Management.

Gregg received his MS in Financial Markets and Trading from the Stuart School of Business at the Illinois Institute of Technology and a B.S. in Finance from University of Illinois in Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

About Chilton Trust Company
Chilton Trust Company, LLC (“Chilton Trust”) is a private, independent trust company formed by Chilton Investment Company to advise and provide wealth management, fiduciary and investment solutions to high net-worth individuals, families, trusts, foundations, institutions and endowments. Headquartered in Palm Beach, Florida, and with representative offices in New York and Connecticut, Chilton Trust was founded on the principles of service, expertise, trust and integrity. Together with its SEC-registered investment advisor affiliate, Chilton Investment Services, LLC, Chilton Trust offers full-service, bespoke investment management, tailored asset allocation advice, and family office, tax advisory and fiduciary services.

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Trustee’s Duty to Diversify Investments

Palm Beach Daily News, January 13, 2014

Trustee’s Duty to Diversify Investments
By John C. Rau, Esq.
Chilton Trust Company

Most individual investors subscribe to the theory that an investment portfolio which is diversified among different securities and asset classes is likely to result in a portfolio which has less volatility and provides better risk/return characteristics than a non-diversified portfolio. Recent experience (Enron, WorldCom, and AIG to name a few) emphasizes the danger of holding large concentrations of even once highly regarded companies. Whether the individual investor follows through on that knowledge and actually diversifies his or her investment portfolio is another matter, however the investor answers only to him- self or herself for any mistakes made.

A trustee of a trust, however, has fiduciary duties to the beneficiaries of that trust and can be personally liable for damages for a failure to meet those fiduciary duties.

The Florida Prudent Investor Rule (modeled on the Uniform Prudent Investor Act which has been adopted in most states) provides that:
The fiduciary has the duty to diversify the investments unless, under the circumstances, the fiduciary believes reasonably it is in the interests of the beneficiaries and furthers the purposes of the trust not to diversify.

Thus, while an individual investor may understand the benefits of a diversified portfolio, but is free to follow his or her own wishes, a trustee has an affirmative legal duty to diversify, absent special circumstances.

An example of the “special circumstances” contemplated by the statute is illustrated by a New York case, Matter of Hyde. That case involved trusts that held concentrated positions in the stock of a family company. Despite their duty to diversify, the trustees decided to retain the stock. The beneficiaries objected to the retention of the stock and made a claim for damages against the trustees. The Court sided with the trustees’ decision not to di- versify based on the following reasons: there were no buyers for the stock at a reasonable price because of the corporate structure of the company; the trustee periodically tested the market for the stock; the trustee met with financial advisors and regularly reviewed the financial condition of the company; the high capital gains tax cost of a sale; and the high dividend paid on the stock which served the needs of the income beneficiaries.

The Prudent Investor Rule provides that the trust instrument may expand or restrict the provisions in the statue:

[The Prudent Investor Rule] may be expanded, restricted, eliminated or otherwise altered by express provisions of the governing instrument…The fiduciary is not liable to any person for the fiduciary’s reasonable reliance on those express provisions.

One of the most well-known cases which addressed the issue of whether the language in a trust instrument could over- come the trustee’s general duty to diversify is Matter of Dumont, a NewYork Surrogate’s Court case (the decision was later overturned on technical grounds). Charles Dumont’s estate primarily consisted of stock of Eastman Kodak. His Will included the following language:

It is my hope and desire that (Kodak stock) will be held and my…trustee shall [not] dispose of such stock for the purpose of diversification of investment and it shall [not] be held liable for any diminution in the value of such stock…The foregoing provisions shall not prevent my trustee from disposing of all or part of the [Kodak] stock in case there shall be some compelling reason other than diversification of investment for doing so.

The trustee, relying on the foregoing language, held the Kodak stock for fifty years. Only after the beneficiaries brought a claim against the trustee for over $39 million in damages did the trustee sell 95% of the Kodak stock.

Despite the retention clause, the Court found in favor of the beneficiaries and awarded them damages of $20 million. After a review of the facts, including the woeful failure of the trustee to evaluate the trust’s investments on a regular basis and to communicate with the beneficiaries, the Court held that “a retention clause cannot trump the application of prudence in the management of an estate. [A] retention clause does not exculpate [a trustee] from poor judgment and liability, but instead… almost requires a greater level of diligence and work, as prudent management…will demand a delicate balancing act.”

There are many other cases interpreting language allowing the trustee to retain a specific trust investment. The decisions are fact specific and language which seems virtually identical has led to differing conclusions as to whether a trustee has violated its duty to diversify.

In summary, a trustee generally has a duty to diversify its trust investments. This duty can be modified by the terms of the governing instrument or the particular circumstances of the trust and its investments. Although every trust will be unique and it is difficult to ascertain a general rule, provisions authorizing retention of a particular asset should be carefully analyzed by the trustee before a retention provision is relied upon in deciding that diversification is not required.

John C. Rau, Esq. is Senior Vice President and Head of Fiduciary Services at Chilton Trust Company. Mr. Rau holds Juris Doctor and Master of Laws (in Taxation) degrees from New York University School of Law. Chilton Trust Company is a private, independent Trust Company that advises and provides wealth management services; including fiduciary services and investment solutions to high net worth individuals, families, and foundations.
www.ChiltonTrust.com

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2015 Chilton Trust Intergenerational Forum Summary

Chilton Trust recently held its private Intergenerational Forum on June 11th and 12th, 2015 in New York City. The forum included industry experts who shared their knowledge on a variety of wealth management topics. We discussed art, investing, philanthropy and recent developments in Silicon Valley. For those who were able to attend, thank you for joining us and we look forward to seeing you again soon. For those who were not in attendance, we thought you would enjoy reading the summary on the forum below.

The Forum began on Thursday, June 11th with dinner at The Colony Club, which was accompanied by a talk with Emily K. Rafferty, Chair of the Board of Directors for the Federal Reserve Bank of New York, Chair of NYC & Company, President Emerita of the Metropolitan Museum of Art. Emily spoke about “Art on the Global Stage,” highlighting that art museums represent far more than a place to visit on a weekend. They not only display masterpieces but also provide understandings into the development of societies and cultures around the globe. They are institutions that often bridge political ideologies, religious beliefs and cultural differences, fostering a sense of unity across humanity. Museums are often the first institution to be protected when countries are at war or going through a period of transition. We saw this in Egypt when human barricades were formed to encircle the Egyptian Antiquities Museum on the Tahrir Square during the Arab Spring. Emily also shared the importance of opening the Met after 9/11 when Mayor Giuliani requested they open their doors. After a lot of hard work, the museum opened the next day to thousands of people looking for a place of comfort and solace. Emily was full of many wonderful anecdotes from her years overseeing the Met and we all enjoyed getting an insight into her perspective.

On Friday, June 12th, we started the day at the New York Stock Exchange to meet with Thomas Farley, President of the NYSE Group. We spent the morning in the historic building, built in the early 1900s, which combines both preservation of the past as well as an adoption of modern practices. Tom provided a brief history of the Exchange, which started with 24 brokers in 1792. Today, as part of The Intercontinental Exchange, together they are part of 11 exchanges, trading 12,000 securities and holding over $28 trillion in market capitalization of NYSE listed companies. Tom then led a tour of the trading floor displaying the technological advancements that have been implemented over the past few decades. Although there may be fewer traders and papers on the floor, a high level of energy still remains. We were able to enjoy the excitement of the 9:30am opening bell for InterOil Corporation and then headed uptown to continue the discussion on capital markets and investing.

At the University Club, Richard L. Chilton, Jr., Chairman & Chief Investment Officer – Equities of Chilton Trust Company, and Jennifer Foster, Portfolio Manager – Equities of Chilton Trust Company, began the Investment Insights segment with a presentation on “Creative Destruction and How to Find Quality Business Models.” They spoke about their research and stock picking process, highlighting that while many investors define “quality” solely by leverage ratios, Chilton utilizes many proprietary quantitative and qualitative screening measures to find quality business models. Further, Chilton conducts various analyses to test the durability of quality. By investing in the right quality names, historical returns show that one can outperform the market over the long run with some consistency.

This type of analysis is particularly important in light of “creative destruction,” which refers to innovation that results in new production units replacing outdated ones. This term was coined by Joseph Schumpeter (1942), who considered creative destruction an essential fact of capitalism. This powerful force is particularly interesting right now as it is merging with social behavior. As a result of new technologies such as smart devices, we now have a whole generation of “digital natives” (those born after 1994) who know no other aspect of social behavior before these new technologies existed and their social behavior is dramatically altering the economic landscape. Businesses need to adapt to these changes as older business models are becoming obsolete. For example, video streaming companies are becoming commonplace as consumers prefer content available on demand as an alternative to expensive and outdated bundled cable services. Understanding and anticipating these creative destructive forces is yet another important component of analyzing companies as the team looks for investment opportunities in the equity market.

The Investment Insights segment continued with Timothy W.A. Horan, Executive Vice President & Chief Investment Officer – Fixed Income of Chilton Trust Company, who presented on “Navigating the Normalization of US Interest Rates: Examining the Global Framework.” Looking at the current global landscape, there is divergence between the U.S. economy and the rest of the world as reflected through the lens of global bond markets. Through their respective versions of Quantitative Easing, both the European Central Bank and the Bank of Japan have purchased government bonds in an effort to provide some economic stimulus. However, Tim noted that governments must also play a central role in strengthening economies by implementing sound fiscal policies. In the U.S., the Federal Reserve has set the stage for the normalization of interest rates, after years of accommodation. Much debate continues surrounding the timing of “lift-off” or the first move-up in the Federal Funds rate. Regardless, however, of “when” normalization happens, the critical conclusion is that rates will still remain “lower-for-longer” with limited inflationary expectation, given the outperformance of the U.S. dollar against both developed and developing markets, together with weak U.S. wage-growth and low commodity prices, particularly oil.

During lunch, Seval Oz, CEO of Continental Intelligent Transportation Systems, spoke about “Embracing the Unconventional” and how not all outcomes are what we hope for, but that they do present opportunities. This was a personal reality for Seval when she became the sole provider for her daughter. Faced with this situation, she decided to reinvent herself and turned to her passion, transportation, where she eventually made her way to Google [x], Google’s self-driving-cars program, and then to Continental Intelligent Transportation System where she is currently CEO. When thinking about transportation, Sevals asks, “What would a car be like today if the computer would have been invented before the car?” There has been exponential growth in computing over the past 110 years and the technological advancements have focused on value creation for the user, design, services and data. While we have seen some advancement in the motor vehicle industry, millions of people are still spending many hours of their day in the car driving. The data to support autonomous vehicles is quite favorable. Efficiency and safety gains are tremendous and with an aging population, the need for transportation improvements is imminent. Seval ended her presentation with a touching short film she created to demonstrate how a self-driving car can be life-changing. Echoing the sentiments of the video, Seval concluded by encouraging all of us to get out and contribute positive change in the world.

After lunch, the Philanthropy Panel held an engaging discussion on “Blending Legacy with Innovation,” moderated by Lauren Hammer Breslow, J.D. M.P.H., Principal of Philanthropy Advisory Group New York. Panelists Caroline Rafferty, Co-Chair of the Max M. & Marjorie S. Fisher Foundation, and Justin Rockefeller, Trustee of the Rockefeller Brothers Fund and Co-founder of The ImPact, provided wonderful insights on being stewards of their respective family foundation and legacy, while Douglas Bintonti Stewart, Executive Director of the Max M. & Marjorie S. Fisher Foundation, was able to provide perspective outside of the family, in his role as a foundation director. At the core of philanthropy is defining one’s values with which to structure philanthropic efforts. Caroline stated that the best approach to grant making starts with your heart – from the passions of the family, then from your head – through creating meaningful strategy and grant partner relationshsips through the due diligence process. Doug added that a Letter of Intent from the founder(s) outlining the family’s values and its philanthropic mission is invaluable, particularly when multiple generations are involved, as it can serve as a critical guide for a foundation or the family’s philanthropy. The challenge with these letters is to make them specific enough to provide framework, but also flexible enough that it remains relevant and timeless for generations to come. Justin spoke about the Rockefeller Brothers Fund, whose founders in 1940 allowed for flexibility to accommodate current needs, in this case, divesting of fossil fuels to achieve a values-aligned investment strategy. All agreed if you are just starting your philanthropic efforts, you can start small and grow your efforts as you become more informed and comfortable with the process. Doug also mentioned the benefits of keeping philanthropic efforts local, as it allows younger generations to see your efforts in action. Finally, the panel suggested taking advantage of various existing specialist orgaziations to navigate questions surounding family philanthropy.

For any questions, please contact Harry S. Grand, Head of Client Advisory
Tel: (646)443-7733 Email: hgrand@chiltontrust.com
300 Park Ave, 19th Floor New York, NY 10022

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Chilton Trust Company Receives Approval To Exercise Trust Powers

-Independent Directors William Boardman, Porter Goss and James Hawkes Join-

Palm Beach, May 2, 2012 — Chilton Trust Company (“Chilton Trust”), which was founded as Chilton Trust Management in June 2010, has become the first trust company to be approved by the Florida Office of Financial Regulation since 2004. Chilton Trust advises and provides bespoke private wealth management services to ultra-high net worth individuals, families and foundations. With this approval, it is now also empowered to act as the executor/personal representative and trustee of estates and trusts.

Based in Palm Beach, Florida, under the direction of President and Chief Executive Officer Garrison D. Lickle, Chilton Trust provides family office services, asset allocation advice, management of separate portfolio accounts, tax advice, trust and estate administration and planning (in conjunction with its clients’ advisors), and full fiduciary services. Some of these services are provided through Chilton Private Clients (“CPC”), Chilton Trust’s affiliate in New York and Connecticut.

In January, CPC announced the hiring of Timothy Horan from Morgan Stanley Smith Barney as Executive Vice President and Chief Investment Officer – Fixed Income. Joining Mr. Horan at CPC were four experienced fixed income investment professionals. Chilton Trust, together with CPC, currently manages approximately $5 billion in assets.

Richard L. Chilton, Jr., Chairman and Chief Investment Officer of Chilton Trust, said, “We are delighted that after a rigorous process, the Florida regulatory authorities have approved our application to form a trust company, the first such approval in eight years. This is a testament to the solid foundation we have in place and the strength of Chilton Trust’s commitment to provide premier wealth management services to our clients, the full spectrum of which would be unavailable without trust powers. Chilton Trust clients can draw on our expertise in equity and fixed income investments, tax advice, trusts and estates and family office services, all within the security of a bona fide trust company that is committed to managing, preserving and growing its clients’ assets for generations to come, and doing so with the utmost integrity.”

Chilton Trust Company’s Board of Directors

In addition to Mr. Chilton and Mr. Lickle, the Chilton Trust Board of Directors includes:

Mr. Chilton concluded, “We are very pleased that such a distinguished roster of independent directors has joined our Board, and we look forward to working with them in the years ahead.”

Media Contacts
Jeffrey Taufield or James David Kekst and Company
212-521-4800

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Timothy Horan To Join Chilton Private Clients As Chief Investment Officer – Fixed Income

For Immediate Release

— Horan, Chief Investment Officer at Morgan Stanley Smith Barney, Fixed Income Investment Advisors, Along with Four Experienced Fixed Income Professionals, to Expand Chilton’s Fixed Income Capabilities —

New York and Palm Beach, December 6, 2011 — Chilton Trust Management, LLC (“Chilton Trust”), in affiliation with Chilton Private Clients, LLC (“CPC”), announced today the hiring of Timothy Horan from Morgan Stanley Smith Barney (“MSSB”) as Executive Vice President and Chief Investment Officer – Fixed Income. Mr. Horan, currently Managing Director and Chief Investment Officer at MSSB Fixed Income Investment Advisors, will join CPC on January 3, 2012. In his new role, Mr. Horan will work closely with Richard L. Chilton, Jr., Chairman of Chilton Trust and CPC and who will continue to serve as Chief Investment Officer – Equities. Joining Mr. Horan will be four experienced fixed income investment professionals, Debra Crovicz, William McNaught and Nicholas Rafferty – also from MSSB – and Jessica Lamendola, from Moody’s Investor Services. They will provide Chilton Trust’s clients with comprehensive global and domestic fixed income capabilities.

In addition, CPC has signed an agreement with MSSB through which Mr. Horan and his team will continue to provide fixed income management services to their existing MSSB clients as a sub-advisor on the MSSB Global Investment Services platform.

Mr. Horan is a highly regarded investment manager with over 25 years of experience in the financial services field. For over ten years at Morgan Stanley, in both New York and London, Mr. Horan has led the fixed income portfolio management business for ultra-high net worth private clients, charities, endowments and family offices. Before joining Morgan Stanley, he was Director of International Fixed Income at Lord Abbett & Co. He also held senior management positions as a foreign securities and foreign exchange portfolio manager at Credit Suisse and Aubrey G. Lanston & Company, Inc. Earlier in his career, Mr. Horan was a member of the risk management team at Bankers Trust. During the Volcker years, Mr. Horan was an economist and foreign exchange trader at the Federal Reserve Bank of New York.

Based in Palm Beach, Florida, and led by Garrison D. Lickle, Chilton Trust offers full-service, bespoke private wealth management services, including asset allocation advice, management of separate portfolio accounts, tax advice, trust and estate planning and family office services. Some of these services are provided through CPC, Chilton Trust’s affiliate in New York and Connecticut. Mr. Horan’s fixed income team will be based in CPC’s New York office.

Mr. Chilton, said, “We are thrilled to have a portfolio manager of Tim’s caliber and integrity leading fixed income investment strategies. He and his team will enable us to expand the product offerings available to Chilton Trust clients. I am pleased that we will be able to achieve this through a unique strategic partnership with Morgan Stanley, with which we have a 20-year history of collaboration. Chilton Trust and CPC have been in operation for over a year, and now, in addition to drawing on our established expertise in equity investments, tax advice and family office services, Chilton Trust’s clients will be able to access a wide range of fixed income instruments, from high-grade corporate and municipal bonds to global inflation protected securities. With this additional expertise, we will be in a better position than ever before to grow our clients’ wealth and preserve it for generations to come.”

Mr. Horan said, “This is a tremendous opportunity for us to serve clients in a firm that is fully committed to research and resources. It is a privilege to become part of the Chilton tradition of excellence and integrity. We look forward to working together with the Chilton team to build a premier private wealth management business.”

Mr. Chilton, concluded, “I know Tim personally, and I am impressed by his character and judgment as well as his keen understanding of fixed income markets. Prominent individuals and families have relied on him for many years to invest on their behalf in a responsible manner that preserves wealth and generates attractive returns. I am delighted that our clients will now have the opportunity to benefit from the talent and expertise of his team.”

CPC’s Fixed Income Team

The other new members of CPC’s fixed income investment team are:

About Chilton Investment Company
Chilton Investment Company, LLC is a global alternative investment management firm. Chilton is headquartered in Stamford, Connecticut with offices in New York, London, Hong Kong, Beijing and Chengdu. The firm and its affiliates are registered with the securities authorities in the U.S., U.K. and Hong Kong. Chairman, Chief Executive Officer and Chief Investment Officer Richard L. Chilton, Jr. formed the firm in 1992 and manages multiple investment strategies for pension funds, large endowments, family offices and high net worth clients. Since that time Chilton has added additional strategies across various sectors globally and across various products. Please visit ChiltonFunds.com for more information about Chilton Investment Company.

Media Contacts
Jeffrey Taufield or James David Kekst and Company
212-521-4800

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Chilton Trust Welcomes Three Senior Wealth Management Professionals

Palm Beach, October 9, 2013 – Chilton Trust Company, LLC (“Chilton Trust”), a leading trust company and wealth management firm serving high net-worth individuals, families, trusts, foundations, institutions and endowments, today announced that it has welcomed three senior wealth management professionals to its team: Harry S. Grand, Senior Vice President and Head of Client Relations; David Phelps Hamar, Senior Vice President and Head of Wealth Advisory Services; and Benjamin Brewster, Senior Client Relations Advisor.

Harry Grand, who joined Chilton Trust in January, oversees all relationship management activities for clients and is a member of the External Managers Investment Committee. Before joining Chilton Trust, Mr. Grand served as a Senior Vice President and Relationship Manager at Lazard Wealth Management, where he was responsible for investment policy formation, asset allocation and client relationship management. Prior to Lazard, he was a Client Advisor at Rockefeller & Co. He began his time there as the Chief of Staff to the President and CEO and as Manager of Marketing and Sales. Mr. Grand earned a B.A. from Hamilton College and an M.B.A from Columbia Business School.

David Hamar will oversee wealth advisory services and coordinate family office services for various clients. Before joining Chilton Trust, Mr. Hamar was a Managing Director, Member of the Management Committee, Portfolio Manager, Co-Chairman of Family Office Services and Director of Global Tax Services at Silvercrest Asset Management. Prior to Silvercrest, he was a Managing Director, Portfolio Manager and Chairman of the Tax Services Group at Heritage Financial Management, LLC. Mr. Hamar earned a B.A. from Old Dominion University and a J.D. from the University of Virginia School of Law. He is a Certified Public Accountant and is admitted to the Virginia State Bar.

Ben Brewster will serve as a Senior Client Relations Advisor to various clients located throughout the U.S. and provide counsel to the firm’s strategic initiatives. Mr. Brewster is a highly regarded wealth and investment professional with over 25 years of experience in the industry. Before joining Chilton Trust, Mr. Brewster was a Managing Director at Silvercrest Asset Management Group, providing investment advisory and family office services to its clients. Prior to Silvercrest, Mr. Brewster led Heritage Financial Management, a Charlottesville, Virginia-based investment advisory firm, which traced its origins to a family office started in 1929.

Chilton Trust also announced that Senior Vice President John C. Rau will assume the position of Head of Fiduciary Services and oversee all fiduciary and trust-related services. Mr. Rau joined Chilton Trust in 2010 with over 25 years of experience in fiduciary wealth management. He began his career as a trusts and estates attorney with Sullivan & Cromwell and later was a partner at Gunster. Mr. Rau earned a B.A. from Hamilton College and a J.D. and LL.M. (in Taxation) from New York University School of Law, where he was a member of the Law Review. He is admitted to the Florida, New York and Connecticut State Bars.

Richard L. Chilton, Jr., Chairman and Chief Investment Officer – Equities, said, “Chilton Trust is fortunate to have experienced significant growth over the last few years, resulting in an expansion of our team at all levels. Our independent, objective and bespoke wealth management offering resonates in the marketplace, and the addition of these high-caliber professionals will enable us to accelerate our momentum. We are now in an even better position to grow our clients’ wealth and preserve it for generations to come.” Garrison D. Lickle, President and Chief Executive Officer, commented, “I am delighted that our clients will now have the opportunity to benefit from the talent and varied expertise of these professionals. We look forward to continuing to build a premier private wealth management business together, in which clients’ interests come first.”

About Chilton Trust Company
Chilton Trust Company, LLC (“Chilton Trust”) is a private, independent trust company formed by Chilton Investment Company to advise and provide wealth management, fiduciary and investment solutions to high net-worth individuals, families, trusts, foundations, institutions and endowments. Headquartered in Palm Beach, Florida, and with representative offices in New York and Connecticut, Chilton Trust was founded on the principles of service, expertise, trust and integrity. Together with its SEC-registered investment advisor affiliate, Chilton Investment Services, LLC, Chilton Trust offers full-service, bespoke investment management, tailored asset allocation advice, and family office, tax advisory and fiduciary services.

Media Contacts
Jeffrey Taufield or James David Kekst and Company
212-521-4800

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Philanthropy

Chilton Trust was founded on the notion that commitment to one’s community is the cornerstone of success.

We believe that the nature of our profession is anchored to the fundamental belief that we each have a responsibility to contribute to the greater good of our local community and the community at large. We are privileged enough to have the opportunity to support many organizations not only financially, but also with our time and expertise.
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Culture

Our team is bound together by a common culture of mutual respect along with a work ethic built on creative thinking and leadership.

The Chilton Trust team is expected to seek excellence, discipline and integrity in every endeavor and to work towards a common goal: to serve our client’s objectives and needs. We strive to deliver the type of care and attention that we would want for our own families and institutions, and we act with the utmost integrity and with a highly involved sense of ethical behavior.

We strive to achieve these goals with a team of passionate professionals who collaborate between departments within the firm to generate the best solutions and ideas.

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Philosophy

We understand that managing wealth for our clients involves more than just managing money.

As a privately-held firm, Chilton Trust’s sole mission is to protect, carefully grow and manage our client’s wealth for generations to come. We are dedicated to providing independent, unbiased advice and sound investment solutions and performance. Chilton Trust benefits from the firm’s long tradition of investment expertise through more than 20 years of managing proprietary investment strategies.

We focus on cultivating long term, meaningful relationships with our clients, beginning with an in depth understanding of our clients’ needs and vision of success. We are structured and committed to respond to the distinctive needs of each of our clients, and we consistently aim to provide the highest level of service.

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Philosophy & Process

Our collaborative approach to creating a diversified portfolio and bespoke investment plan utilizes both our proprietary internal research and investment management as well as our selection of best-in-class external investment managers.

We are committed to our independent, fundamental research-driven investment process which was designed to deliver superior results for our clients. Our chief investment officers, Richard L. Chilton, Jr. and Timothy W. A. Horan, believe in the value of proprietary bottom-up/top-down research to support decision making and portfolio construction.

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Strategies

Chilton Trust offers customized investment strategies within equity, fixed income, and alternatives, benefiting from our unique market perspectives and global research team, as well as from the firm’s long tradition of investment expertise. Our core investment management offerings, including global large-cap and mid-cap equities, global fixed income and preferred bonds, are complemented by our vigilant selection of external managers specializing in additional asset classes.

For more information regarding our investment offerings please contact us
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Family Office

Chilton Trust has a dedicated Family Office team to coordinate and manage all family needs as part of our integrated solutions.

Chilton Trust recognizes the benefits of an integrated wealth management plan with a dedicated and focused Family Office team. The Family Office team acts as a centralized information hub for the family, seeking to free up internal family resources so families can focus on their needs. We strive to create long term financial savings that result from cohesive strategies as well as to streamline a family’s advisors and partners.

Chilton Trust’s Family Office team seeks to establish timelines, goals, budgets and long-term planning for the complex needs of families. Where external expertise is necessary or desired, we attempt to identify partners and professionals to provide additional services and work with them as part of the families’ objective.

As part of our integrated plan, Chilton Trust provides the following Family Office services:

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Trust & Fiduciary

Our fiduciary wealth management professionals collectively bring over 60 years of experience and expertise in trust and estate planning.

Chilton Trust is able to serve as:  Corporate Trustee / Executor or Personal Representative

Our services include:

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Investment Advisory

Chilton Trust is, first and foremost, an investment firm committed to delivering customized investment solutions and advice to meet the wide array of unique needs and requirements of our clients.

Our team of dedicated professionals stands ready to implement customized portfolio solutions and asset allocations seeking to achieve our clients’ goals. We focus on solutions-oriented advice tailored to the risk tolerances, financial aspirations and income needs of each of our clients, and we anticipate and expect that those needs will change over time.

Chilton Trust seeks to provide an edge through proprietary research and investment solutions, unique market perspectives and creative and innovative thinking. We offer a comprehensive range of investment strategies, styles and asset classes managed both internally and externally, including domestic and international equities, corporate and municipal fixed income, and alternative assets.

Learn more about Chilton Trust’s investment solutions

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