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.
- Investment advisors (judging the trusted advisor categories)
- 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
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