Estate planning

The key to handling complex issues associated with succession and estate planning is remaining impartial.

It wants to double its assets under management, currently about $6 billion, over the next five years, according to Wietlisbach. Haverford is seeking to bolster its name recognition beyond the Philadelphia area through an advertising campaign and event sponsorship in cities such as Chicago, Boston, Dallas and Los Angeles.

The unit of U.K.-based Barclays plc, opened a national U.S. trust company, Barclays Wealth Trustees (U.S.), NA., based in Delaware.

Glenmede Trust's office in New York has helped provide a quick asset boost in the wake of the market crash. The Philadelphia firm has added about $2 billion to its assets under management since the end of 2008, for a total of $18 billion.

The family office sector continues to experience key personnel shifts and increased consolidation.

The firm is the latest in a string of high-profile financial services firms to adopt the term, all in an effort to take excellent care of their customers and distinguish themselves from competitors.

U.S Trust hired nine senior wealth management experts to their California, Arizona and Washington operations as part of their wealth management expansion efforts.

Sens. Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., have introduced a proposal to reform the federal estate tax, which temporarily expired this year but is slated to increase to up to 55 percent next year for estates over $1 million.

Robert S. Matthews worked for Smith Barney and Citigroup for the past 25 years in its global private banking, wealth management and family office services units. He replaced Kevin McCabe, who was president and chief executive officer since Fieldpoint was founded in 2008.

As U.S. Trust continues pursuing its mission to expand its leadership position in wealth management and enhance its business with ultra-high-net worth clients, the firm announced on Tuesday that it appointed five senior-level wealth management experts to key markets nationally.

U.S. Trust plans on hiring over 200 people in 2010 in order to expand its wealth management team.

A Heisman Trophy winner and former vice chairman of Citigroup Private Bank, has been named to Wilmington’s advisory board.

As many single family offices remain concerned about their long-term sustainability, money is pouring into multi-family offices, according to the Family Wealth Alliance.

Ladenburg is making to deal to expand its trust services for its advisors.

Hampered by loan losses, Wilmington Trust Corp. reported a loss in the first quarter, but the company remained positive about its wealth management and corporate client services businesses.

Brown Brothers Harriman & Co. hopes that by maintaining its localized approach to wealth management it can continue to organically grow its trust business by cross-selling services to its roster of wealthy clients.

Although the idea of restricting grantor retained annuity trusts, or GRATs, had been tossed around previously, estate planners didn’t think it would become a reality.

Brown Brothers Harriman & Co. announced Wednesday it promoted Brett D. Sovine to president and chief executive officer of its trust company.

Chances are that some kind of estate tax will be enacted retroactively for this year, but just in case it isn’t, there’s something advisors may be overlooking.

Victory Capital Management, the asset management arm of KeyCorp's KeyBank, says it is positioned to quickly expand the assets it manages in collective investment trusts.