Category: Press Releases
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.
Contacts
Amanda Lake
Pro-Chilton@prosek.com
NEW YORK, NY, June 1, 2020 – Chilton Trust, a leading independent wealth management firm, today announced that industry veteran Nick Frelinghuysen has joined its growing team of senior leaders as an investment professional. Nick joins the firm as Managing Director, responsible for investments on clients’ equity portfolios along with Richard L. Chilton, Chairman and Jennifer Foster, Co-Chief Investment Officer, to whom he will report.
“Nick’s industry experience and investment philosophy is very similar to the way we think about long-term equity investing. Combine that with his client-centric relationship philosophy and he is a great match for Chilton Trust and all of our clients,” said Pepper Anderson, Chilton Trust’s President and Chief Executive Officer. “Our clients and the families we support come first. We are committed to continuing to build a first-class organization and adding Nick to our investment bench is part of our growth plan.”
“I’m thrilled to join the Chilton Trust team. Beyond feeling an immediate rapport with Richard, Jennifer and Pepper, their investment philosophy and commitment to developing deep, personal relationships with clients really resonated with me,” said Frelinghuysen. “Chilton Trust’s independence, history of success in active equity investing, and focus on ensuring individuals and families have direct engagement with specialists at all levels of the firm truly set it apart.”
Nick joins the firm with more than 27 years of experience in equity research and portfolio management. Most recently, he was a partner at the boutique investment firm, Eagle Ridge Investment Management, LLC where he served as a portfolio manager and Co-Head of Research for an organization with $950m in assets focused on high net worth individuals and institutions. Prior to his role at Eagle Ridge, Nick worked at Oppenheimer Capital (Allianz Global Partners) as Co-Portfolio Manager on a $2B Mid Cap value mutual fund and served as Co-head of Mid-Cap and All-Cap investments for the $25B firm. He began his career on the sell side at Donaldson, Lufkin & Jenrette.
Nick attended Princeton University as an undergraduate and holds an MBA from The Wharton School at the University of Pennsylvania.
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 Lexie Perri
aperri@prosek.com
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
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
NEW YORK, NY – February 9, 2018 – Chilton Trust Company is proud to announce that it has been awarded “Best Investment Platform – Client Service” and “Best Family Office Service Provider” by Private Asset Management Magazine (PAM) for 2018. The awards were presented at PAM’s Awards Ceremony held in New York on February 8, 2018. The PAM Awards are designed for top investment professionals, wealth advisors, consultants and other key service providers operating within the private asset management industry, who have demonstrated excellence in their specific areas.
Chilton Trust was selected for these awards by an independent panel of industry experts who judged each of the nominees based on a variety of qualitative and quantitative criteria and performance metrics. This year’s awards continue to build on Chilton Trust’s track record of superior client services and success.
As a privately-held firm, Chilton Trust’s sole mission is to protect, carefully grow and manage their client’s wealth for generations to come. The Firm is dedicated to providing independent, unbiased solutions that are tailored to each client and delivering those solutions with the highest level of service. Chilton Trust is pleased to be acknowledged for our top-tier investment capabilities and customized wealth solutions free of conflicts.
Chilton Trust’s family office originated as a single family office for the Firm’s founder, who struggled with the lack of sophisticated and comprehensive options then-available in the industry to serve his family’s complex and varied needs. From those roots, Chilton Trust has built a multi-family office team dedicated to providing the dynamic, high-touch services required to meet the intergenerational needs of today’s ultra-high net worth family.
Chilton Trust is honored to be recognized for these services and the efforts the Firm puts forth to providing a full suite of customized services to its clients. The Firm was also honored to have been awarded Best Private Wealth Manager – Client Service Under $5 Billion” by PAM for 2017.
About Chilton Trust Company
Chilton Trust is a wealth management firm designed to provide the continuity, structure and acumen to protect and enhance the intergenerational wealth of select families 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. We offer a full suite of individually customized services including access to internal equity and fixed income management, best-in-class external traditional and alternative managers, a non-depository Florida trust company capabilities, consolidated wealth reporting, comprehensive family office services and transactional planning. Furthermore, our 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 our clients.
For more information on Chilton Trust Company, please call 212-843-6882 or visit www.chiltontrustcompany.com.
NEW YORK, NY – February 14, 2017 – Chilton Trust Company is proud to announce that it has been awarded “Best Private Wealth Manager – Client Service – under $5 billion” by Private Asset Management Magazine (PAM) for 2017. The award was presented at PAM’s Awards Ceremony held in New York on February 13, 2016. The PAM Awards are designed for top investment professionals, wealth advisors, consultants and other key service providers operating within the private asset management industry, who have demonstrated excellence in their specific areas.
Chilton Trust was selected for this award by an independent panel of industry experts who judged each of the nominees based on a variety of qualitative and quantitative criteria and performance metrics. This year’s award continues to build on Chilton Trust’s track record of superior client services and success.
“We are honored to be recognized by our peers for our commitment to 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 consistent with that ethos, we act with the utmost integrity and with a highly involved sense of personal commitment to our clients.” Harry Grand, Head of Client Advisory of Chilton Trust Company, also added that “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 solutions that are tailored to each client and delivering those solutions with the highest level of service. It is rewarding – especially when clients are finding it challenging to find customized wealth solutions free of conflicts – to be acknowledged for making a difference.”
About Chilton Trust Company
Chilton Trust is a wealth management firm designed to provide the continuity, structure and acumen to protect and enhance the intergenerational wealth of select families 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. We offer a full suite of individually customized services including access to internal equity and fixed income management, best-in-class external traditional and alternative managers, a non-depository Florida trust company capabilities, consolidated wealth reporting, comprehensive family office services and transactional planning. Furthermore, our 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 our clients.
For more information on Chilton Trust Company, please call Harry Grand at 646-443-7733 or visit www.chiltontrustcompany.com.