NEW YORK–(BUSINESS WIRE)–Chilton Trust, a leading independent wealth management firm, today announced that it has received a National Trust Charter from the Office of the Comptroller of the Currency (the “OCC”) and is now authorized to provide full fiduciary services on a national scale, with immediate effect in its offices in Delaware and Florida. This meaningful development carries special significance to the firm as it celebrates its 10th anniversary. Among other things, the national charter provides Chilton with national credibility and furthers its commitment to expanding on its full fiduciary capabilities for all clients, in addition to its marquee investment management and family office capabilities.
The firm also marks a year of noteworthy growth under Chief Executive Officer Pepper Anderson, building its team of senior leaders and resources for an engaged, sophisticated clientele.
“Despite a global pandemic and volatile markets, Chilton has been able to execute on its goals, and we will end 2020 with the best client resources in our firm’s history,” said Anderson. “When I joined Chilton Trust last year, I created an aggressive plan for taking an exceptionally client-focused firm to the next level. The National Trust Charter is a significant piece of the puzzle, but equally important are the individuals who have joined our team to deliver a more holistic wealth management experience to our clients.”
National Trust Charter
Chilton Trust is the first firm in nearly a decade to successfully convert its state charter to a national trust charter. As a result of the conversion, Chilton Trust will now be regulated by the OCC. Notably, this development allowed Chilton to open fiduciary offices in Delaware out of which it can provide the full suite of Delaware fiduciary services. This in turn provides clients access to a trusted and well-established court and legal system, as well as certainty and clarity in issues regarding trust management. To help clients navigate this new offering strategically, Gina Nelson was hired in August and serves as Senior Vice President, Head of Fiduciary Services. She was formerly Executive Director, Global Head of Trusts and Estates Risk at J.P. Morgan.
“We are in the business of supporting families of multiple generations, and the National Trust Charter enables us to provide an even deeper level of flexibility and personalized support,” said Nelson. “Delaware is one of the best states in which to operate as its system is built to understand the unique nuances of trusts and its laws give those creating trusts immense flexibility, allowing Chilton to support our clients in the most customized way possible.”
Expanded Expert Bench
Consistent with Chilton Trust’s commitment to organic growth, leadership has focused on creating a deeper bench of resources for clients instead of aggressively seeking to expand the firm’s clientele. In addition to hiring Nelson, Chilton brought on Larry McKay, Head of Portfolio Construction, Nick Frelinghuysen, Managing Director, Portfolio Manager – Equities, and Kevin Wells, Head of Family Office Tax Services. These additions to the senior leadership team bolster Chilton’s investment management and portfolio construction expertise as well as the firm’s tax services and family office capabilities, and further support Chilton’s commitment to providing clients with a holistic approach to their portfolio and financial needs.
About Chilton Trust Company
Chilton Trust is an independent, privately owned, wealth management company providing wealth management services and investment solutions to high net worth individuals, families, foundations, endowments and institutions. The firm is built on the deep investment culture and rigorous standards of performance excellence which have been the hallmark of Chilton Investment Company founded over 26 years ago. Chilton Trust offers a full suite of individually customized services including access to internal equity and fixed income management, best-in-class external traditional and alternative managers, standalone trust company capabilities, consolidated wealth reporting, comprehensive family office services and transactional planning. Furthermore, the firm’s emphasis on relationship management is vital and built upon integrity, confidentiality, high quality service and customization to meet the evolving needs and complexities that often exist with clients.