Tim Horan, our EVP & CIO of Fixed Income, spoke with Bloomberg to discuss the relationship between the Fed’s monetary policy and how it is priced into the markets.
Author: chiltontrust
Chilton Trust devotes significant resources to maintaining the security of our networks, systems and software, including robust security for our email and online portal and app. We are committed to protecting our clients, and as part of this effort, we want to ensure that you are personally doing all that you can to protect yourselves and your families from potential cyber threats. Download the PDF for some basic tips and reminders to help lower your vulnerability and maintain awareness.
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Federal Reserve Rate Cuts
An Overreaction to a Test of Yield Curve Inversion
There has been a lot of concern about the inverted Treasury yield curve and the historical belief that it portends an actual economic recession. Our central case is that the concern about the inversion is an overreaction, driven from a misunderstanding of some of the key factors that have triggered the inversion. We expect the Fed will cut rates further this year, potentially at the September meeting and even perhaps an additional cut at the December meeting. We continue to believe that such additional rate accommodation will be supportive of continued US economic growth–not a recession.
Chilton Trust has named Pepper Anderson as its new president and CEO. She succeeds Garrison duPont Lickle, who has moved into what the company says is a more client-centric role as vice chairman.
Stamford, CT, July 9, 2019 – Chilton Trust, a leading independent wealth management firm, today announced that industry veteran Pepper Anderson has been named President and Chief Executive Officer, effective immediately. With nearly three decades of experience in financial services and wealth management, Ms. Anderson will succeed Garrison duP. Lickle, who will become Vice Chairman, continuing to work closely with clients in support of their financial needs and long-term objectives.
Mr. Lickle has served as President and Chief Executive Officer of Chilton Trust since its inception in 2010, where he has played a pivotal role in shaping the Company’s business strategy. Under his leadership, the firm has become one of the most successful independent true wealth managers in the United States, with $5 billion in assets under management spanning 110 families. As the Company embarks on the next decade of its lifecycle, its foremost priorities are ensuring that Chilton Trust remains well positioned to maintain its distinct culture, principles and unwavering commitment to providing a first-class client experience.
“Chilton Trust clients have unique, sophisticated financial lives and they require and deserve more than simple money management,” said Richard L. Chilton, Jr., Chilton Trust’s Founder, Chairman and Chief Investment Officer of Equities. “To that end, this leadership transition is part of a carefully planned for and calibrated strategy that we believe is necessary to continue providing our clients with the service and experience they expect. Pepper has the vision and leadership to advance what Gary and I have built and is the right individual to take Chilton Trust to even greater heights.”
Prior to joining Chilton, Ms. Anderson spent more than 20-years with J.P. Morgan Private Bank, where she most recently served as Managing Director and Market Manager for Connecticut and Westchester County, NY. During her tenure at J.P. Morgan, Ms. Anderson developed a deep understanding of both technical investing and private client relationship management, holding roles of increasing responsibility across a diverse range of businesses, including U.S. Head of Discretionary Fixed Income and Investment Team Lead for High Net Worth and Fiduciary.
“Succession planning is a key priority not only for our clients, but in keeping with our core values at Chilton Trust,” said Mr. Lickle. “From the very beginning, we have worked hard to eliminate key man risk and ensure that the institutional-quality company we have built is on solid footing for many years to come. I have loved serving as President and Chief Executive Officer of Chilton Trust and it is a privilege to continue to support our clients in my capacity as Vice Chairman. Now is the right time for me to pass the baton to Pepper. I am confident that she will do an excellent job both for our clients and for Chilton Trust.”
“While much of the industry is adapting to embracing a client-centric model, Chilton has always prioritized client relationships together with excellence in money management and family services to expertly assist in any problems that arise.” said Ms. Anderson. “The firm prides itself on gathering and building authentic relationships with their clients, and that is a value and sentiment that I share. I look forward to helping our clients achieve their longterm financial and family planning objectives and supporting the firm’s continued growth.”
Ms. Anderson is based in Chilton’s New York City office and Mr. Lickle will remain in the firm’s Palm Beach office where the Firm’s fiduciary business is located.
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.
Contact
Amanda Lake
alake@prosek.com
(646) 818-9225
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Chilton Trust 2Q19 Commentary
NEW YORK, NY, June 27, 2019 – Chilton Trust, a leading independent wealth management firm, today announced that two industry veterans, Kenneth Montgomery and Tom Trenchard, have joined its growing team of senior leaders. Mr. Montgomery joins the firm as Managing Director responsible for supporting clients on the East coast, principally in the Philadelphia, New York and Florida regions. Mr. Trenchard joins the firm as Senior Vice President, servicing Florida and Connecticut.
“Ken and Tom’s industry experience and client-centric relationship philosophy align perfectly with our mission at Chilton Trust,” said Garrison duP. Lickle, Chilton Trust’s President and Chief Executive Officer. “We are committed to putting our client’s interests first and doing what’s right for the families we support. This includes building and growing a first-class team of wealth professionals to service our families whom have placed their trust in us. Both Ken and Tom will be part of our fabric as the firm continues its warranted but measured growth.”
Mr. Montgomery joins the firm with more than 25 years of experience with investment management and wealth advisory firms, focusing on ultra-high net worth families and business owners. Most recently, he was a Managing Director and Private Client Advisor at U.S. Trust, where he managed family offices, ultra-high net worth individuals and large private foundations. Prior to U.S. Trust, Mr. Montgomery worked as a Senior Relationship Strategist at Hawthorn, PNC Bank’s multifamily office, where he was responsible for the execution of wealth and investment management strategies for large family offices and ultra-high net worth individuals on the East Coast. Earlier in his career, Mr. Montgomery served as President and COO of Byron Hill Management, a large Toronto-based family office, where he managed the office’s North American portfolio operations and investment strategy.
Mr. Trenchard joins the firm with over 10 years of experience in the wealth advisory business, focusing on developing our ultra-high net worth business. Most recently, he was a Vice President and Financial Advisor at Evercore Wealth Management, where he supported ultra-high net worth families, foundations and endowments. Prior to this, Mr. Trenchard worked as a Private Client Advisor at U.S. Trust, where he led a team of wealth advisory specialists that provided customized Investment Management, Trust, Fiduciary and Wealth Transfer Strategies to those families throughout the U.S.
About Chilton Trust
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 20 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.
Contact
Kayce D’Onofrio
kdonofrio@prosek.com
(646) 818 9247
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Chilton Trust 1Q19 Commentary
This article provides an overview of Chilton Trust and our approach to Environmental-Social-Governance (ESG) investment.