Overview

Family Wealth Report Awards 2014 from WealthBriefing on Vimeo.

The awards were focussed around three main category groupings: experts (individuals and teams); products and services for wealth managers and clients, and institutions of all sizes and types.

These awards build on the success of our established worldwide awards programme, our events business and Family Wealth Report’s unique position in the global wealth management market by focusing on the US and Canadian markets.

Independence, integrity and genuine insight were the watchwords of the judging process. This involved specially convened expert panels drawn from both private banks and trusted advisors and supported by relevant expert third party organisations.

Uniquely, partner organisations were included to express the views of clients so that the Family Wealth Report Awards will truly reflect excellence in wealth management from the grass roots up.


BACKGROUND

The Family Wealth Report Awards was supported primarily by its global network of daily newswires for the wealth and private asset management communities; Family Wealth Report, WealthBriefing andWealthBriefingAsia.

Other supporting publications were Offshore Red and Compliance Matters.


TIMING

The selection and judging process for the 2014 awards began in the summer of 2013. Nominations opened on August 5 and closed on November 25, 2013. All firms were notified whether they have made the shortlist on January 7, 2014.


MEDIA EXPOSURE

Entrants who were shortlisted were announced on all Family Wealth Report media, as were the eventual winners.

Additionally, an extensive PR campaign highlighted all the winners and shortlisted entrants to relevant media.


AWARD CEREMONY FORMAT

The culmination of the process was a gala dinner on March 13, 2014 at the Metropolitan Club, New York during which the winners of the shortlisted entrants were announced.

This networking event was conducted in a slick and snappy style. The formalities were not dragged out unnecessarily as is so often the case at industry awards.


PARTNERS

External organizations were brought into the judging process to further objectivity and to ensure that the views of the industry as a whole, along with ultimate client base, were represented.

These included specialists in branding, marketing, IT, philanthropy and investment management.


JUDGING PROCESS

There were two judging panels for the awards.

  1. Investment advisors (judging the trusted advisor categories)
  2. Other trusted advisors (judging the investment management categories)

This was to ensure that commercially sensitive information were kept confidential and to avoid conflicts of interest.

Categories

Nominations are now closed.

FAMILY OFFICE CATEGORIES

MULTI-FAMILY OFFICE (UP TO AND INCLUDING $4 BILLION AUM)
Criteria for entry: MFOs with up to and including $4 billion AuM.

MULTI-FAMILY OFFICE (ABOVE $4 BILLION AUM)
Criteria for entry: MFOs with above $4 billion AuM.

MULTI-FAMILY OFFICE (NATIONAL)
Criteria for entry: MFOs with a genuinely national reach.

MULTI-FAMILY OFFICE (REGIONAL)
Criteria for entry: MFOs with a predominantly regional offering and client base.

MULTI-FAMILY OFFICE (NEW ENTRANT)
Criteria for entry: New MFO offering of any size or reach.

MULTI-FAMILY OFFICE (CLIENT INITIATIVE)
Criteria for entry: New initiatives for clients from MFOs of any size or reach.

SINGLE FAMILY OFFICES
Criteria for entry: Organizations servicing the investment, governance and reporting needs of only one family.


PRIVATE BANKING CATEGORIES

US PRIVATE BANK
Criteria for entry: Banking operations in the US that deliver a differentiated and high level of service to HNW and UHNW clients on a national level.

CANADIAN PRIVATE BANK
Criteria for entry: Banking operations in Canada that deliver a differentiated and high level of service to HNW and UHNW clients on a national level.

REGIONAL US PRIVATE BANK
Criteria for entry: Banking operations in the US that deliver a differentiated and high level of service to HNW and UHNW clients on a regional level.

PRIVATE BANK – WEALTH STRUCTURING OFFERING
Criteria for entry: Teams within private banks that deliver tailored wealth structuring solutions to HNW and UHNW clients.

PRIVATE BANK – OFFERING FOR FAMILY OFFICES
Criteria for entry: Teams within private banks that deliver tailored solutions to family offices.


INVESTMENT MANAGEMENT CATEGORIES

CANADIAN WEALTH MANAGEMENT OFFERING
Criteria for entry: Non-bank wealth manager based in Canada.

PRIVATE CLIENT INVESTMENT PLATFORM
Criteria for entry: Investment platform specialising in servicing the investment needs of the HNW community.

FUND MANAGER
Criteria for entry: Collective investment manager with an investments range suitable for the HNW community.

ALTERNATIVE ASSET MANAGER
Criteria for entry: Collective investment manager with an alternative investments range suitable for the HNW community.

ETF PROVIDER
Criteria for entry: Asset/fund managers that manufacture exchange-traded products that are suitable for the HNW community.

NATIONAL PRIVATE WEALTH MANAGER
Criteria for entry: Wealth management businesses that deliver a differentiated and high level of service to HNW and UHNW clients on a national level.

REGIONAL PRIVATE WEALTH MANAGER
Criteria for entry: Wealth management businesses that deliver a differentiated and high level of service to HNW and UHNW clients on a regional level.


MARKETING CATEGORIES

ONLINE CAMPAIGN
Criteria for entry: Wealth managers or other private client practitioners who have used online channels to promote their services to private clients or to raise their profile either within the industry or to clients.

PRINT CAMPAIGN
Criteria for entry: Wealth managers or other private client practitioners who have used print media to promote their services to private clients or to raise their profile either within the industry or to clients.

BRAND LAUNCH/RELAUNCH
Criteria for entry: Most effective and innovative brand launch or re-launch in the private client world, either a whole business unit or a product/service within an existing business.


PRIVATE CLIENT CATEGORIES

EFFECTIVE LEGAL TEAM
Criteria for entry: Law firm team or barrister dedicated to private client issues.

EFFECTIVE TAX/ACCOUNTANCY TEAM
Criteria for entry: Team in accountancy firm/consultancy specialising in reporting, transacting or wealth structuring for private clients.

INSTITUTIONAL TRUST OR FIDUCIARY COMPANY
Criteria for entry: Entries only eligible from fiduciaries that are part of a non-fiduciary parent.

INDEPENDENT TRUST OR FIDUCIARY COMPANY
Criteria for entry: Entries only eligible from fiduciaries independant of larger non-fiduciary businesses.


WEALTH MANAGEMENT TECHNOLOGY CATEGORIES

TRANSACTION PROCESSING SOLUTION
Criteria for entry: Straight through processing, core banking.

GLOBAL CUSTODIAN
Criteria for entry: Custodians offering services to private client business.

RISK PROFILING SOLUTION
Criteria for entry: A technology solution to help wealth managers assess and document the risk appetite of clients.

RISK MANAGEMENT SOLUTION
Criteria for entry: Technology solution providers specialising in tools for wealth managers to manage risk.

PORTFOLIO MANAGEMENT
Criteria for entry: Technology solution providers specialising in tools for managing clients’ investment portfolios.

CLIENT COMMUNICATIONS
Criteria for entry: Technology solution providers specialising in tools for wealth managers to communicate with clients.

CRM
Criteria for entry: Client relationship management systems for wealth managers.

ONBOARDING
Criteria for entry: Technology solutions to help wealth managers bring new clients into their organization.

OUTSOURCING SOLUTION
Criteria for entry: Third party organizations providing business processes or systems to wealth management businesses.


OTHER WEALTH MANAGEMENT CATEGORIES

INSURANCE SOLUTION
Criteria for entry: Insurance provider or intermediary that provides specialist products and services to the HNW community.

CONCIERGE SOLUTION
Criteria for entry: Concierge service provider for the HNW community.

LEADING INDIVIDUAL
Criteria for entry: Age and experience is no bar but something special should mark out this individual working in the private client world.

RISING STAR
Criteria for entry: A wealth manager or private client professional under the age of 35 who is not yet in a senior management position but shows the potential to be a leading individual.

PHILANTHROPY OFFERING
Criteria for entry: Private client businesses or practitioners who advise individuals or families on their philanthropic activities.

WOMEN IN WEALTH MANAGEMENT (INDIVIDUAL CONTRIBUTION)
Criteria for entry: Women in wealth management who have inspired both colleagues and clients.

WOMEN IN WEALTH MANAGEMENT (COMPANY CONTRIBUTION)
Criteria for entry: For wealth management organisations which demonstrate support for women in their career development.

LIFETIME ACHIEVEMENT
Criteria for entry: For individuals who have enhanced the standing of the local wealth management industry.

OUTSTANDING CONTRIBUTION TO WEALTH MANAGEMENT THOUGHT LEADERSHIP
Criteria for entry: Open to individuals or businesses that demonstrate an outstanding contribution to thought leadership in wealth management as demonstrated by contributions to periodicals and events specialising in wealth management.

Finalists

FAMILY OFFICE CATEGORIES

 

Multi-family office (up to and including $4 billion AuM).

 

Gresham Partners

Lowenhaupt Global Advisors

Pitcairn

Vogel Consulting

WE Family Offices

 

Multi-family office (above $4 Billion AuM)

Abbot Downing

Ascent Private Capital Management

Aspiriant

CTC Consulting/Harris my CFO

 

Multi-family office (National)

Ascent Private Capital Management

Bessemer Trust

CTC Consulting/Harris my CFO

GenSpring Family Offices

Hawthorn, PNC Family Wealth

 

Multi-family office (Regional)

Covenant Multifamily Offices

Vogel Consulting

 

Multi-family office (new entrant)

AM Global Family Investment Office

Fieldpoint Private

Rothstein Kass

 

 

 

 

PRIVATE BANKING CATEGORIES

 

US private bank

Ascent Private Capital Management

BNY Mellon Wealth Management

Citi Private Bank

Merrill Lynch Private Banking & Investment Group

U.S. Trust

 

Canadian private bank

Citi Private Bank

RBC Wealth Management

 

Private bank – offering for family offices

Ascent Private Capital Management

Bessemer Trust

BNY Mellon Wealth Management

Citi Private Bank

Hawthorn, PNC Family Wealth

RBC Wealth Management

 

INVESTMENT MANAGEMENT CATEGORIES

 

Private client investment platform

Ascent Private Capital Management

Brown Brothers Harriman

Citi Private Bank

Fortigent

RBC Global Asset Management

 

Fund manager

Bessemer Trust

RBC Global Asset Management

 

Alternative asset manager

Ascent Private Capital Management

Citi Private Bank

Crystal Capital Partners

 

National private wealth manager

Abbot Downing

Bessemer Trust

BNY Mellon Wealth Management

Convergent Wealth Advisors

UBS Wealth Management Americas

 

 

Regional private wealth manager                          

Covenant Multifamily Offices

Del Monte Group

First Republic Bank

 

MARKETING CATEGORIES

 

Brand launch/relaunch, print and online

 

Ascent Private Capital Management

Crystal & Company

Fortigent

RBC Wealth Management

 

PRIVATE CLIENT CATEGORIES

 

Effective legal team

Cantor & Webb

Handler Thayer

Kozusko Harris Duncan

Withers Bergman

 

Effective tax/accountancy team

Covenant Multifamily Offices

Deloitte

Rothstein Kass

 

WEALTH MANAGEMENT TECHNOLOGY CATEGORIES

 

Transaction Processing Solution

SunGard

Temenos

 

Global custodian

Millennium Trust

RBC Investor & Treasury Services

 

Risk profiling solution

FinaMetrica

SunGard

 

Risk management solution

Trov

Vestmark

 

Porfolio management

Advent Software

Archway Technology Partners

Envestnet

Envestnet Tamarac

InvestEdge

 

 

Client communications

Envestnet Tamarac

Equipos

InvestEdge

TrustedFamily

Wealth Access Inc

 

CRM System

Advent Software

Backstop Solutions Group

Finantix

 

On-boarding

Appway

Finantix

SunGard

TrustedFamily

 

Outsourcing solution

Envestnet

Fortigent

Private Client Resource

Rothstein Kass

SEI

 

OTHER WEALTH MANAGEMENT CATEGORIES

 

Insurance solution

Crystal & Company

PURE

Trov

 

Concierge solution

Cassford Management

Lifestyle Advisory

Majestery

 

Leading individual

Ascent Private Capital Management (Michael Cole)

BNY Mellon Wealth Management (Larry Hughes)

Del Monte Group (Richard Del Monte)

Purposeful Planning Institute (John A Warnick)

RBC Wealth Management (John Taft)

 

Rising star

Aspiriant (Jennifer Kenning)

GenSpring Family Offices (Kevin Campbell)

Strenta Family Office Services (Jill Shipley)

TrustedFamily (Edouard Thijssen)

UBS Wealth Management Americas (Judy Spalthoff)

 

Philanthropy offering

Forbes Family Trust

Foundation Source

U.S. Trust

 

Women in wealth management (individual contribution)

Bessemer Trust (Rebecca H Patterson)

GenSpring Family Offices (Pat Soldano)

Pershing (Kim Dellarocca)

Pitcairn (Leslie C Voth)

UBS Wealth Management Americas (Sharon Sager)

 

Women in wealth management (company contribution)

Banyan Partners

HTG Investment Advisors

RBC Wealth Management

U.S. Trust

 

Lifetime achievement

Atlantic Trust (Edward I Rudman)

Charles W Collier – submitted by Joe Reilly

Pitcairn (Leslie C Voth)

SEI (Alfred P West Jr)

UBS Wealth Management Americas (Marty Halbfinger)

 

Outstanding contribution to wealth management thought leadership – Group A

Bessemer Trust

GenSpring Family Offices

Hawthorn, PNC Family Wealth

Pershing

RBC Wealth Management

 

Outstanding contribution to wealth management thought leadership – Group B

Accenture

Family Office Exchange

FamilyWealth Consulting (James Grubman)

Institute for Preparing Heirs

Scorpio Partnership

Sponsors

Venue

Metropolitan Club

Address: One East Sixtieth Street, New York, NY 10022-1054, USA

Tickets

The event has already taken place.

Winners

FAMILY OFFICE CATEGORIES

 

Multi-family office (up to and including $4 billion AuM).

Pitcairn

 

Multi-family office (above $4 Billion AuM)

CTC Consulting/Harris my CFO

 

Multi-family office (National)

Bessemer Trust

 

Multi-family office (Regional)

Vogel Consulting

 

Multi-family office (new entrant)

Rothstein Kass 

 

PRIVATE BANKING CATEGORIES

 

US private bank

BNY Mellon Wealth Management – winner

Merrill Lynch Private Banking & Investment Group – highly commended

 

Canadian private bank

RBC Wealth Management

 

Private bank – offering for family offices

BNY Mellon Wealth Management

 

INVESTMENT MANAGEMENT CATEGORIES

 

Private client investment platform

Fortigent

 

Fund manager

Bessemer Trust

 

Alternative asset manager

Citi Private Bank

 

National private wealth manager

Abbot Downing

 

Regional private wealth manager                          

First Republic Bank

 

MARKETING CATEGORIES

 

Brand launch/relaunch, print and online

Ascent Private Capital Management

 

PRIVATE CLIENT CATEGORIES

 

Effective legal team

Withers Bergman

 

Effective tax/accountancy team

Rothstein Kass

 

WEALTH MANAGEMENT TECHNOLOGY CATEGORIES

 

Transaction Processing Solution

SunGard

 

Global custodian

RBC Investor & Treasury Services

 

Risk profiling solution

FinaMetrica

 

Risk management solution

Vestmark

 

Porfolio management

Envestnet

 

Client communications

TrustedFamily

 

CRM System

Advent Software

 

On-boarding

Appway

 

Outsourcing solution

Envestnet

 

OTHER WEALTH MANAGEMENT CATEGORIES

 

Insurance solution

Crystal & Company

 

Concierge solution

Cassford Management

 

Leading individual

RBC Wealth Management (John Taft)

 

Rising star

Strenta Family Office Services (Jill Shipley)

 

Philanthropy offering

Foundation Source

 

Women in wealth management (individual contribution)

Pitcairn (Leslie C Voth)

 

Women in wealth management (company contribution)

U.S. Trust

 

Lifetime achievement

Charles Collier – winner

Alfred P West Jr, SEI – highly commended

 

Outstanding contribution to wealth management thought leadership – Group A

Bessemer Trust

 

Outstanding contribution to wealth management thought leadership – Group B

Family Office Exchange

Category Sponsors