Family Wealth Services includes a wide range of investment, banking, wealth transfer and legacy planning capabilities within US Trust and it provides customized strategies that incorporate generational differences, family diversity, emerging risks to financial security and overall family goals and values.
Commenting on the launch of the service, Keith Banks, president of US Trust said: "Today’s families are complex with emotional, lifestyle and financial issues that are often closely intertwined. We recognize that the individual financial and planning goals of our clients are part of a bigger, multi-dimensional family dynamic. Family Wealth Services is a reflection of the increased interest we’re seeing by clients taking control of their individual financial security with a more disciplined, proactive, longer-term view of family relationships and responsibilities."
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The range of services that will be offered by Family Wealth Services will include providing financial education to children and managing wealth across multiple generations, addressing the specialized needs of elderly family members, developing customized wealth plans that address the distinct needs of women, planning for the unique needs of lesbian, gay, bisexual and transgendered domestic partners, creating a multi-generational legacy, supporting philanthropic interests and providing administrative support for family members and other individuals serving as a trustee or executor.
"The family is the biggest and most rewarding investment most people make in their lives. That’s why we think it’s important to help people build and protect the family as an asset as they build and protect their wealth," said Chris Heilmann, US Trust’s chief fiduciary executive.
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