2008 Top Wealth Managers in the US - Morningbull
2008 Top Wealth Managers in the US - Morningbull
2008 Top Wealth Managers in the US - Morningbull
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<strong>2008</strong> <strong>Top</strong> <strong>Wealth</strong> <strong>Managers</strong> <strong>in</strong> <strong>the</strong> U.S.<br />
Ranked by assets under management for <strong>in</strong>dividual clients with accounts of $1 million or more, as of June 30.<br />
The notation N/A <strong>in</strong>dicates that a firm decl<strong>in</strong>ed to disclose <strong>the</strong> <strong>in</strong>formation.<br />
1. Merrill Lynch<br />
Rank ’07: 1<br />
U.S. Private Client Assets, $1 mil+: $1.05 tril<br />
U.S. Private Client Assets, $10 mil+: $468 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 16,690<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: More than 600<br />
Specialties: Asset management, concentrated<br />
stock management, bank<strong>in</strong>g and lend<strong>in</strong>g, cash<br />
management, estate plann<strong>in</strong>g, philanthropy, tax<br />
management, family office services.<br />
Website: www.totalmerrill.ml.com<br />
Tel: 800-MERRILL<br />
E-mail: general_askml@ml.com<br />
2. Citi Global <strong>Wealth</strong> Mgmt<br />
Rank ’07: 2<br />
U.S. Private Client Assets, $1 mil+: $843 bil<br />
U.S. Private Client Assets,$10 mil+: $352 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 12,859<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 674<br />
Specialties: Investment management, restricted<br />
securities management, liquidity and bank<strong>in</strong>g, estate<br />
plann<strong>in</strong>g and trust services, alternative <strong>in</strong>vestments,<br />
strategic wealth advisory.<br />
Website: www.citigroup.com/citigroup/bus<strong>in</strong>ess<br />
Tel: 800-221-3636<br />
3. Bank of America Global <strong>Wealth</strong><br />
Rank ’07: 3<br />
U.S. Private Client Assets, $1 mil+: $653.2 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $100,000+ for Premier Bank<strong>in</strong>g<br />
& Investments; $3 million+ for U.S. Trust, Bank of<br />
America Private <strong>Wealth</strong> Management<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 9,480<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 244<br />
Specialties: Comprehensive wealth and <strong>in</strong>vestment<br />
management solutions for affluent, high net worth and<br />
ultra-high net worth <strong>in</strong>dividuals and families.<br />
Website: www.bankofamerica.com<br />
Tel: 877-556-2171 (ext.4219)<br />
4. Wachovia<br />
Rank ’07: 8<br />
U.S. Private Client Assets,$1 mil+: $551 bil<br />
U.S. Private Client Assets, $10 mil+: $184 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 12,821<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 1,123<br />
Specialties: F<strong>in</strong>ancial plann<strong>in</strong>g, <strong>in</strong>vestment<br />
management, personal trust, estate plann<strong>in</strong>g,<br />
charitable services, risk management, bank<strong>in</strong>g,<br />
mar<strong>in</strong>e and aircraft f<strong>in</strong>anc<strong>in</strong>g.<br />
Website: www.wachovia.com/wealth, www.<br />
wachoviasec.com<br />
Tel: (888) 283-9633, (800) 627-8625<br />
5. Morgan Stanley Global <strong>Wealth</strong> Mgmt<br />
Rank ’07: 4<br />
U.S. Private Client Assets,$1 mil+: $423 bil<br />
U.S. Private Client Assets,$10 mil+: $173 bil<br />
M<strong>in</strong>imum Account:$1,000,000 (Plat<strong>in</strong>um Account)<br />
or Asset-Based Fee Accounts and/or select assets<br />
requirement: $750,000<br />
Median Account: $1.8 mil<br />
Private Client <strong>Managers</strong>: approximately 8,000<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: approximately 500<br />
Specialties: Customized wealth management,<br />
<strong>in</strong>clud<strong>in</strong>g management of equity, fixed-<strong>in</strong>come and<br />
alternatives, U.S. and non-U.S. portfolios, estate<br />
plann<strong>in</strong>g.<br />
Website: www.morganstanley.com/<strong>in</strong>dividual<br />
Tel: 212-761-4000<br />
6. UBS <strong>Wealth</strong> Mgmt<br />
Rank ’07: 5<br />
U.S. Private Client Assets, $1 mil+: $421.3 bil<br />
U.S. Private Client Assets, $10 mil+: $146.7 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 8,090<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: over 480<br />
Specialties: Private brief<strong>in</strong>gs with senior UBS<br />
executives, estate and philanthropic plann<strong>in</strong>g, asset<br />
management, lend<strong>in</strong>g, <strong>in</strong>vestment bank<strong>in</strong>g.<br />
Website: www.ubs.com<br />
Tel: 212-821-7000, John Straus<br />
7. JPMorgan<br />
Rank ’07: 9& 15*<br />
U.S. Private Client Assets, $1 mil+: $392 bil<br />
U.S. Private Client Assets, $10 mil+: $324 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: $29 million for <strong>the</strong> Private Bank; $1<br />
million for Private <strong>Wealth</strong> Management.<br />
Private Client <strong>Managers</strong>: 1262<br />
Clients Per Manager: 25 for <strong>the</strong> Private Bank; 100 for<br />
Private <strong>Wealth</strong> Management<br />
U.S. Private Bank<strong>in</strong>g Offices: 112<br />
Specialties: Integrated advice <strong>in</strong> <strong>in</strong>vest<strong>in</strong>g, capital<br />
markets and risk management, tax and estate<br />
plann<strong>in</strong>g, bank<strong>in</strong>g, capital rais<strong>in</strong>g, and specialty-wealth<br />
advisory.<br />
Website: http://www.jpmorgan.com/privatebank<strong>in</strong>g<br />
Telephone: 212-464-1635, Mary Callahan Erdoes<br />
E-mail: mary.erdoes@jpmorgan.com<br />
*Includes Private Bank (no, 9 <strong>in</strong> ‘07) and Private Client<br />
Services (no. 15 <strong>in</strong> ‘07).<br />
8. Fidelity Investments<br />
Rank ’07: 7<br />
U.S. Private Client Assets, $1 mil+: $386 bil<br />
U.S. Private Client Assets,$10 mil+: NA<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 292<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 125<br />
Specialties: Strategic wealth management, <strong>in</strong>clud<strong>in</strong>g<br />
<strong>in</strong>vestment products and plann<strong>in</strong>g, brokerage, trust,<br />
charitable services and cash management.<br />
Website: www.fidelity.com<br />
Tel: 800-FIDELITY<br />
9. Charles Schwab<br />
Rank ’07: 6<br />
U.S. Private Client Assets,$1 mil+: $331.6 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 4,176<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 313<br />
Specialties: Investment research, portfolio<br />
consultations, <strong>in</strong>vestment advice, stock rat<strong>in</strong>gs,<br />
f<strong>in</strong>ancial plans, a complete array of f<strong>in</strong>ancial products,<br />
and bank<strong>in</strong>g services.<br />
Website: www.schwab.com<br />
Tel: 866-232-9890<br />
10. Wells Fargo Private Client Services<br />
Rank ’07: 10<br />
U.S. Private Client Assets,$1 mil+: $256 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 2,750<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 70 <strong>US</strong> offices<br />
Specialties: Investment management, trust and
estate plann<strong>in</strong>g, family office, specialty asset<br />
management, brokerage, <strong>in</strong>surance, bank<strong>in</strong>g, elder<br />
services.<br />
Website: www.wellsfargo.com/<strong>the</strong>privatebank<br />
Tel: 877-636-0501<br />
11. Goldman Sachs<br />
Rank ’07: 11<br />
U.S. Private Client Assets, $1 mil+: $219 bil*<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 400<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 13<br />
Specialties: Generational wealth plann<strong>in</strong>g, portfolio<br />
management, risk management, alternative<br />
<strong>in</strong>vestments.<br />
Website: www.gs.com/pwm<br />
Tel: 800-323-5678 (Ext. 4-3919)<br />
E-mail: gs<strong>in</strong>fo@gs.com<br />
*Global assets as of Nov. 30, 2007.<br />
12. BNY Mellon <strong>Wealth</strong> Mgmt<br />
Rank ’07: 12<br />
U.S. Private Client Assets, $1 mil+: $166.5 bil<br />
U.S. Private Client Assets, $10 mil+: $111 bil<br />
M<strong>in</strong>imum Account: $2 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 800<br />
Clients Per Manager: 50-75<br />
U.S. Private Bank<strong>in</strong>g Offices: 81<br />
Specialties: Investment management, wealth and<br />
estate plann<strong>in</strong>g, bank<strong>in</strong>g, family office services.<br />
Website: bnymellonwealthmanagement.com<br />
Tel: 888-553-6726, Tom Hurlbr<strong>in</strong>k<br />
E-mail: wealthmanagement@bnymellon.com<br />
13. Nor<strong>the</strong>rn Trust<br />
Rank ’07: 13<br />
U.S. Private Client Assets, $1 mil+: $142.8 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $1 million for high net worth; $75<br />
million for ultra high net worth<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: NA<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 85<br />
Specialties: Bank<strong>in</strong>g, fiduciary services, <strong>in</strong>vestment<br />
management, <strong>in</strong>vestment consult<strong>in</strong>g and f<strong>in</strong>ancial<br />
plann<strong>in</strong>g.<br />
Website: wwww.nor<strong>the</strong>rntrust.com<br />
Tel: 312-630-6000, James Rauh<br />
14. Deutsche Bank Private <strong>Wealth</strong> Mgmt<br />
Rank ’07: 16<br />
U.S. Private Client Assets, $1 mil+: $120 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: Primary account focus $25 million<br />
<strong>in</strong> <strong>in</strong>vestable assets<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 352<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 24<br />
Specialties: <strong>Wealth</strong> plann<strong>in</strong>g and advisory, global<br />
<strong>in</strong>vestment management, risk management, bank<strong>in</strong>g<br />
and structured lend<strong>in</strong>g, and family office services.<br />
Website:www.pwm.db.com<br />
Tel: 212-454-3600, Thomas Bowers<br />
15. Raymond James F<strong>in</strong>ancial<br />
Rank ’07: NA<br />
U.S. Private Client Assets, $1 mil+: $107.6 bil<br />
U.S. Private Client Assets, $10 mil+: $24.8 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 4,273<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 1,516<br />
Specialties: Comprehensive f<strong>in</strong>ancial plann<strong>in</strong>g,<br />
portfolio management, securities and brokerage<br />
services, trusts, bank<strong>in</strong>g, retirement services,<br />
<strong>in</strong>surance.<br />
Website: www.raymondjames.com<br />
Tel: 800-248-8863<br />
16. Credit Suisse Private Bank<strong>in</strong>g <strong>US</strong>A<br />
Rank ’07: 19<br />
U.S. Private Client Assets, $1 mil+: $97.6 bil*<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $3 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 308<br />
Clients Per Manager: 58<br />
U.S. Private Bank<strong>in</strong>g Offices: 15<br />
Specialties: Trust and estate advisory, private<br />
equity, hedge funds, structured products, volatility<br />
management.<br />
Website: http://www.credit-suisse.com<br />
Tel: 800-647-2516, Dale Miller<br />
E-mail: dale.miller@credit-suisse.com<br />
* Assets for Americas<br />
17. RBC <strong>Wealth</strong> Mgmt<br />
Rank ’07: 17<br />
U.S. Private Client Assets, $1 mil+: $92 bil<br />
U.S. Private Client Assets, $10 mil+: $32 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 1,670<br />
Clients Per Manager: 182<br />
U.S. Private Bank<strong>in</strong>g Offices: 162<br />
Specialties: Comprehensive wealth management,<br />
<strong>in</strong>vestment advisory services, retirement services,<br />
lend<strong>in</strong>g, trust and estate plann<strong>in</strong>g.<br />
Website: www.rbcwm-usa.com<br />
Tel: 612-371-2711<br />
18. SunTrust Banks<br />
Rank ’07: 18<br />
U.S. Private Client Assets, $1 mil+: $78 bil<br />
U.S. Private Client Assets, $10 mil+: $35.9 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: $1.9 mil<br />
Private Client <strong>Managers</strong>: 320<br />
Clients Per Manager: 126<br />
U.S. Private Bank<strong>in</strong>g Offices: 77<br />
Specialties: Strength <strong>in</strong> serv<strong>in</strong>g people <strong>in</strong> such<br />
sectors as medical, legal, sports and enterta<strong>in</strong>ment,<br />
and bus<strong>in</strong>ess ownership.<br />
Website: www.suntrust.com<br />
Tel: 404-813-8002, Mark Peters<br />
E-mail: Private<strong>Wealth</strong>Management@SunTrust.com<br />
19. Barclays <strong>Wealth</strong>*<br />
Rank ‘07: 14<br />
U.S. Private Client Assets, $1 mil+: $71 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 376<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 12<br />
Specialties: Private asset and <strong>in</strong>vestment<br />
management, portfolio advisory, wealth advisory,<br />
capital advisory, trust services, alternative<br />
<strong>in</strong>vestments, s<strong>in</strong>gle stock risk management.<br />
Website: www.barclayswealth.com<br />
Tel: +44 207 114 9813, Nicola Hankey; 212-526-<br />
1185, Lawrence Solomon, Lehman Bro<strong>the</strong>rs Private<br />
Investment Management Strategy<br />
E-mail: nicola.hankey@barclayswealth.com; lawrence.<br />
solomon@lehman.com<br />
*Barclays acquired Lehman Bro<strong>the</strong>rs Private<br />
Investments Mgmt on September 22.<br />
20. Bessemer Trust Company<br />
Rank ’07: 21<br />
U.S. Private Client Assets, $1 mil+: $56.7 bil<br />
U.S. Private Client Assets,$10 mil+: $56.7 bil<br />
M<strong>in</strong>imum Account: $10 mil<br />
Median Account: $10 mil<br />
Private Client <strong>Managers</strong>: 126<br />
Clients Per Manager: 50
U.S. Private Bank<strong>in</strong>g Offices: 13<br />
Specialties: Investment management, tax, legacy,<br />
<strong>in</strong>surance, and philanthropic plann<strong>in</strong>g.<br />
Website: www.bessemer.com<br />
Tel: 212-708-9140, Robert C. Elliott<br />
E-mail: Elliott@bessemer.com<br />
21. Neuberger Berman*<br />
Rank ’07: Not Ranked<br />
U.S. Private Client Assets,$1 mil+: $56.7 bil<br />
U.S. Private Client Assets, $10 mil+: NA<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 130<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 13<br />
Specialties: Customized wealth management,<br />
traditional and alternative <strong>in</strong>vestment management,<br />
asset allocation and portfolio construction advice.<br />
Website: www.nb.com<br />
Tel: 212-476-9822, Eric Gies<br />
E-mail: egies@nb.com<br />
*Rank<strong>in</strong>g tie with Bessemer; ordered alphabetically.<br />
22. PNC <strong>Wealth</strong> Management<br />
Rank ’07: 20<br />
U.S. Private Client Assets,$1 mil+: $46 bil<br />
U.S. Private Client Assets,$10 mil+: $15 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 300<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 50<br />
Specialties: Investment consult<strong>in</strong>g and management,<br />
separate accounts, trust services, state and tax<br />
plann<strong>in</strong>g, bank<strong>in</strong>g.<br />
Website: www.pnc.com<br />
Tel: 888-762-6226<br />
E-mail: wealthmanagement@pnc.com<br />
23. U.S. Bank Private Client Group<br />
Rank ’07: 22<br />
U.S. Private Client Assets, $1 mil+: $45.9 bil<br />
U.S. Private Client Assets, $10 mil+: $19.8 bil<br />
M<strong>in</strong>imum Account: $500,000<br />
Median Account: $1.9 mil<br />
Private Client <strong>Managers</strong>: 412<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 113<br />
Specialties: Comprehensive wealth management,<br />
<strong>in</strong>clud<strong>in</strong>g bank<strong>in</strong>g, <strong>in</strong>vestment management, personal<br />
trust and f<strong>in</strong>ancial plann<strong>in</strong>g.<br />
Website: privateclientgroup.usbank.com<br />
Tel: 866-481-2077<br />
E-mail: pcg.market<strong>in</strong>g@usbank.com<br />
24. HSBC Private Bank<br />
Rank ’07: 23<br />
U.S. Private Client Assets,$1 mil+: $32.1 bil<br />
U.S. Private Client Assets, $10 mil+: $16.9 bil<br />
M<strong>in</strong>imum Account: $5 mil of <strong>in</strong>vestment and/or<br />
lend<strong>in</strong>g assets<br />
Median Account: $14.6 mil<br />
Private Client <strong>Managers</strong>: 38<br />
Clients Per Manager: 30-60<br />
U.S. Private Bank<strong>in</strong>g Offices: 7<br />
Specialties: Discretionary portfolio management,<br />
alternative <strong>in</strong>vestments, bank<strong>in</strong>g and liquidity<br />
management, f<strong>in</strong>anc<strong>in</strong>g, trust and fiduciary services.<br />
Website: www.hsbcprivatebank.com<br />
Tel: 212-525-5080<br />
25. Robert W. Baird & Co.<br />
Rank ’07: 27<br />
U.S. Private Client Assets,$1 mil+: $29.8 bil<br />
U.S. Private Client Assets,$10 mil+: $7.6 bil<br />
M<strong>in</strong>imum Account: NA<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 583<br />
Clients Per Manager: 207<br />
U.S. Private Bank<strong>in</strong>g Offices: 57<br />
Specialties: F<strong>in</strong>ancial plann<strong>in</strong>g, estate plann<strong>in</strong>g,<br />
<strong>in</strong>vestment research, asset allocation strategies,<br />
asset management, charitable gift<strong>in</strong>g, retirement<br />
plann<strong>in</strong>g, private equity.<br />
Website: www.rwbaird.com<br />
Tel: 1-800-RWBAIRD, Karen Sweeney<br />
E-mail: pwmmarcom@rwbaird.com<br />
26. Harris Private Bank<br />
Rank ’07: 24<br />
U.S. Private Client Assets, $1 mil+: $28.5 bil<br />
U.S. Private Client Assets,$10 mil+: $20.5 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 255<br />
Clients Per Manager: Under $25 million: 50-200;<br />
over $25 million: 5-40<br />
U.S. Private Bank<strong>in</strong>g Offices: 23<br />
Specialties: Personal and bus<strong>in</strong>ess f<strong>in</strong>ancial<br />
management. Bus<strong>in</strong>ess succession plann<strong>in</strong>g and<br />
liquidity events; philanthropy; <strong>in</strong>vestment advisory;<br />
and multigenerational wealth transfer.<br />
Website: www.harrisprivatebank.com<br />
Tel: 877-782-9386, Chris Paoli<br />
E-mail: contactus@<strong>the</strong>harris.com<br />
27. Wilm<strong>in</strong>gton Trust<br />
Rank ’07: 26<br />
U.S. Private Client Assets, $1 mil: $27.6 bil<br />
U.S. Private Client Assets, $10 mil: NA<br />
M<strong>in</strong>imum Account: $3 million<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 64<br />
Clients Per Manager: 45<br />
U.S. Private Bank<strong>in</strong>g Offices: 21<br />
Specialties: Private bank<strong>in</strong>g, trustee services,<br />
<strong>in</strong>vestment management. family office services.<br />
Website: www.wilm<strong>in</strong>gtontrust.com<br />
Tel: 212-415-0510, Peter E. “Tony” Guernsey Jr.<br />
E-mail: tguernsey@wilm<strong>in</strong>gtontrust.com<br />
28. National City Private Client Group<br />
Rank ’07: 25<br />
U.S. Private Client Assets, $1 mil+: $25.1 bil<br />
U.S. Private Client Assets, $10 mil+: $11.1 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: $1.9 mil<br />
Private Client <strong>Managers</strong>: 90<br />
Clients Per Manager: 158<br />
U.S. Private Bank<strong>in</strong>g Offices: 43<br />
Specialties: <strong>Wealth</strong> plann<strong>in</strong>g, <strong>in</strong>vestment<br />
management, bank<strong>in</strong>g, trust and estate services,<br />
brokerage, charitable giv<strong>in</strong>g, retirement plann<strong>in</strong>g,<br />
asset protection.<br />
Website: NationalCity.com/PrivateClientGroup<br />
Tel: 800-628-8151, Gary Poth<br />
29. Boston Private <strong>Wealth</strong> Mgmt<br />
Rank ’07: 37<br />
Private Client Assets, $1 mil+: $23.4 bil<br />
Private Client Assets, $10 mil+: 4.8 bil<br />
M<strong>in</strong>imum Account: $1mil<br />
Median Account: $2 bil<br />
Private Client <strong>Managers</strong>: 69<br />
Clients Per Manager: 80<br />
U.S. Private Bank<strong>in</strong>g Offices: 46<br />
Specialities: Lend<strong>in</strong>g, deposits, mortgages and cash<br />
management, f<strong>in</strong>ancial plann<strong>in</strong>g, tax strategies, asset<br />
allocation, portfolio management.<br />
Website: www.bostonprivate.com<br />
Tel: 617-912-3767, Ca<strong>the</strong>r<strong>in</strong>e Sheehan<br />
E-mail: csheehan@bostonprivate.com<br />
30. Glenmede<br />
Rank ’07: 29<br />
U.S. Private Client Assets,$1 mil+: $19.1 bil<br />
U.S. Private Client Assets, $10 mil+: $15.4 bil<br />
M<strong>in</strong>imum Account: $3 mil<br />
Median Account: $3.9 million<br />
Private Client <strong>Managers</strong>: 32<br />
Clients Per Manager: 50<br />
U.S. Private Bank<strong>in</strong>g Offices: 5<br />
Specialties: Customized wealth advice, <strong>in</strong>clud<strong>in</strong>g<br />
f<strong>in</strong>ancial, tax, estate, and philanthropic plann<strong>in</strong>g,<br />
<strong>in</strong>vestment policy, and access to outside managers.<br />
Website: www.glenmede.com<br />
Tel: 215-419-6100, Stan Broadbent<br />
E-mail: stan.broadbent@glenmede.com<br />
31. City National Bank<br />
Rank ’07: 28<br />
U.S. Private Client Assets, $1 mil+: $18.2 bil<br />
U.S. Private Client Assets, $10 mil+: $12.9 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: $2.3 mil<br />
Private Client Mangers: 186<br />
Clients per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 28<br />
Specialties: Investment management, personal<br />
and bus<strong>in</strong>ess trust services, tax and estate plann<strong>in</strong>g,<br />
charitable-giv<strong>in</strong>g advice, brokerage services, bank<strong>in</strong>g.<br />
Website: www.cnb.com<br />
Tel: 800-708-8881, Richard Weiss<br />
32. Atlantic Trust Private <strong>Wealth</strong> Mgmt<br />
Rank ’07: 30<br />
U.S. Private Client Assets, $1 mil+: $16.4 bil<br />
U.S. Private Client Assets, $10 mil+: $11.3 bil<br />
M<strong>in</strong>imum Account: $5,000,000<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 60<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 12<br />
Specialties: Customized asset allocation and<br />
<strong>in</strong>vestment management, with <strong>in</strong>tegrated wealth<br />
plans that consider f<strong>in</strong>ancial, trust, estate plann<strong>in</strong>g<br />
and philanthropic needs.<br />
Website: www.atlantictrust.com<br />
Tel: 404-881-3400 or 866 517-3400, Jack S.<br />
Markwalter, Jr.<br />
E-mail: <strong>in</strong>quiry@atlantictrust.com<br />
33. Hirtle, Callaghan & Co.<br />
Rank ’07: 32<br />
U.S. Private Client Assets, $1 mil+: $16.1 bil<br />
U.S. Private Client Assets,$10 mil+: NA<br />
M<strong>in</strong>imum Account: $10 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 21<br />
Clients Per Manager: 17<br />
U.S. Private Bank<strong>in</strong>g Offices: 6<br />
Specialties: Operates with model of “outsourced”<br />
chief <strong>in</strong>vestment officers, supported by <strong>in</strong>vestment<br />
department; alternative <strong>in</strong>vestments and active risk<br />
management.<br />
Website: www.hirtlecallaghan.com<br />
Tel: 610-828-7200, Jonathan J. Hirtle<br />
E-mail: jhirtle@hirtlecallaghan.com<br />
34. William Blair & Co.<br />
Rank ’07: 31<br />
U.S. Private Client Assets, $1 mil+: $14.81 bil<br />
U.S. Private Client Assets,$10 mil+: $5.6 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 72<br />
Clients Per Manager: NA<br />
U.S. Private Bank<strong>in</strong>g Offices: 1<br />
Specialties: F<strong>in</strong>ancial plann<strong>in</strong>g, trust, and estate<br />
plann<strong>in</strong>g, wealth management, and corporate and<br />
executive services.<br />
Website: www.williamblair.com<br />
E-mail: <strong>in</strong>fo@williamblair.com<br />
Tel: John Brennan, 312-364-8274<br />
35. Brown Bro Harriman Pvt <strong>Wealth</strong> Mgmt<br />
Rank ’07: 33<br />
U.S. Private Client Assets, $1 mil+: $13 bil<br />
U.S. Private Client Assets, $10 mil+: $6.8 bil<br />
M<strong>in</strong>imum Account: $5 mil<br />
Median Account: $10 mil<br />
Private Client <strong>Managers</strong>: 40<br />
Clients Per Manager: 38<br />
U.S. Private Bank<strong>in</strong>g Offices: 6<br />
Specialties: A discipl<strong>in</strong>ed <strong>in</strong>vestment strategy across<br />
asset classes, with complementary wealth plann<strong>in</strong>g<br />
services.<br />
Website: www.bbh.com<br />
Tel: 704-334-5556, Charles O.Izard, Partner<br />
E-mail: www.charles.izard@bbh.com<br />
36. GenSpr<strong>in</strong>g<br />
Rank ’07: 38<br />
U.S. Private Client Assets, $1 mil+: $12.9 bil<br />
U.S. Private Client Assets, $10 mil+: $12.1 bil<br />
M<strong>in</strong>imum Account: $10 mil<br />
Median Account: NA<br />
Private Client <strong>Managers</strong>: 94<br />
Clients Per Manager: 8<br />
U.S. Private Bank<strong>in</strong>g Offices: 13<br />
Specialties: Work with families on <strong>in</strong>vestment<br />
management, f<strong>in</strong>ancial plann<strong>in</strong>g, family governance,<br />
next generation education and more.<br />
Website: www.GenSpr<strong>in</strong>g.com<br />
Tel: 866-506-1989 or 240-482-1404, John Elmes<br />
E-mail: John.Elmes@GenSpr<strong>in</strong>g.com<br />
37. Fiduciary Trust Company International<br />
Rank ’07: 34<br />
U.S. Private Client Assets, $1 mil: $9.8 bil<br />
U.S. Private Client Assets,$10 mil: NA<br />
M<strong>in</strong>imum Account: $2 mil<br />
Median Account: $5.6 mil<br />
Private Client <strong>Managers</strong>: 31<br />
Clients Per Manager: 48<br />
U.S. Private Bank<strong>in</strong>g Offices: 6<br />
Specialties: Global <strong>in</strong>vestment management and<br />
strategic plann<strong>in</strong>g for <strong>in</strong>dividuals, families and<br />
foundations; trustee, estate, tax, bank<strong>in</strong>g and master<br />
custody services.<br />
Website: fiduciarytrust.com<br />
Tel: 212-632-3229, Lucius Fowler<br />
E-mail: LFowler@ftci.com<br />
38. Veritable<br />
Rank ’07: 35<br />
U.S. Private Client Assets, $1 mil+: $9.4 bil<br />
U.S. Private Client Assets, $10 mil+: $9.2 bil<br />
M<strong>in</strong>imum Account: $20 mil<br />
Median Account: $48 mil<br />
Private Client <strong>Managers</strong>: 12<br />
Clients Per Manager: 14<br />
U.S. Private Bank<strong>in</strong>g Offices: 1<br />
Specialties: Advice and a discipl<strong>in</strong>ed framework for<br />
mak<strong>in</strong>g tax-efficient <strong>in</strong>vestment decisions.<br />
Website: www.veritablelp.com<br />
Tel: 610-540-2036, John Scuteri<br />
E-mail: jscuteri@veritablelp.com<br />
39. Thomas Weisel Partners<br />
Rank ’07: 36<br />
U.S. Private Client Assets,$1 mil+: $8.3 bil<br />
U.S. Private Client Assets,$10 mil+: $6.7 bil<br />
M<strong>in</strong>imum Account: $5 mil<br />
Median Account: $12 mil<br />
Private Client <strong>Managers</strong>: 23<br />
Clients Per Manager: 50<br />
U.S. Private Bank<strong>in</strong>g Offices: 3<br />
Specialties: Strategic asset allocation and<br />
customized portfolio construction, alternative asset<br />
classes, tax and estate plann<strong>in</strong>g.<br />
Website: www.tweisel.com<br />
Tel: 415-364-2500, Toni Dobel<br />
E-mail: tdobel@tweisel.com<br />
40. Legg Mason<br />
Rank ’07: NA<br />
U.S. Private Client Assets, $1 mil+: $7.5 bil<br />
U.S. Private Client Assets,$10 mil+: $3.2 bil<br />
M<strong>in</strong>imum Account: $1 mil<br />
Median Account: $2.3 mil<br />
Private Client <strong>Managers</strong>: 19<br />
Clients Per Manager: 140<br />
U.S. Private Bank<strong>in</strong>g Offices: 5<br />
Specialties: Portfolio management, socially<br />
responsive <strong>in</strong>vest<strong>in</strong>g, trust services, family office<br />
services, estate and tax plann<strong>in</strong>g, charitable giv<strong>in</strong>g.<br />
Website: www.lmicus.com<br />
Tel: 410-454-3133, Lisa Posko; 410-454-3134, Holly<br />
Wyrostek<br />
E-mail: LLPosko@leggmason.com;<br />
HLWyrostek@leggmason.com<br />
Data based on survey by Barron’s, and<br />
estimates. Excludes <strong>in</strong>stitutional and custodial<br />
accounts.
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