Last Friday, the winners of the inaugural Family Wealth Report awards were released in New York.

The winners of the inaugural Family Wealth Report Awards have been announced at New York’s spectacular Metropolitan Club, during a gala event which honored exceptional wealth management firms and individuals in the US and Canada. (FWR is a sister news service to WealthBriefingAsia; the item is repeated here as many of the institutions will be familiar to WBA readers.)

Family Wealth Report is elated at the level of interest and support shown for the awards, which follow a number of other industry awards held by the publisher of this website across the globe.

The awards recognize high-quality service and achievement at both the institutional and individual level, at a time when the Canadian, US and indeed global wealth management arena is confronted by a raft of challenges and, of course, new opportunities.

Sponsors of the event, which was hosted by Christopher Kennedy Lawford, were: Appway; Bessemer Trust; Citi Private Bank; Columbia Management; and Portcullis TrustNet.

The winners were selected by a panel of judges from across the wealth management and family office space, and, importantly, representing an array of related businesses.

The winners are as follows:

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

Pitcairn

Multi-family office (above $4 billion AuM)           

CTC Consulting I Harris myCFO               

Multi-family office (national);

Bessemer Trust               

Multi-family office (regional);

Vogel Consulting               

Multi-family office (new entrant);

Rothstein Kass

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

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

Branch launch or relaunch;

Ascent Private Capital Management of US Bank

Effective legal team;

Withers Bergman                  

Effective tax/accountancy team;

Rothstein Kass

Transaction processing solution;

SunGard

Global custodian;

RBC Investor & Treasury Services

Risk profiling solution;

FinaMetrica

Risk management solution;

Vestmark

Portfolio management;

Envestnet

Client communications;

TrustedFamily

CRM system;

Advent Software

Onboarding;

Appway

Outsourcing solution;

Envestnet

Insurance solution;

Crystal & Company

Concierge solution;

Cassford Management

Leading individual;

John Taft - RBC Wealth Management

Rising star;

Jill Shipley - Strenta Family Office Services

Philanthropy offering;

Foundation Source

Women in wealth management (individual contribution);

Leslie Voth - Pitcairn

Women in wealth management (company contribution);

US 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