The wealth management business of BNY Mellon, a global leader in investment management and investment services, was named the top U.S. Private Bank and top Private Bank serving family offices by Family Wealth Report in New York. The London-based trade publication serving the wealth management and family office industry announced the awards at its inaugural gala dinner on March 13.
Family Wealth Report and its publisher, ClearView Financial Media of London, founded the awards to honor high quality service and achievement of wealth management firms at both the institutional and individual level in the U.S. and Canada.
"These awards highlight the brand promise we make to the individuals and families we serve in the U.S. and across the world," BNY Mellon Wealth Management CEO Larry Hughes said. "It's great to be recognized by our peers for the work we've done to help make our clients successful. Even more importantly, we appreciate the loyalty and support of our clients. It's gratifying that our centuries of experience, thought leadership, deep investment capabilities and exceptional private banking have served our clients so well."
Nominees and finalists for the 35 award categories comprise a Who's Who of the wealth management world. Award winners were selected by a panel of judges from across the wealth management and family office space, and, importantly, represent an array of related businesses.
On behalf of BNY Mellon, Doris Meister, President U.S. Markets New York Tri-State, accepted the award for best U.S. Private Bank. Erich Smith, Executive Director of Family Office and Charitable Solutions, accepted the award for top Private Bank—Offering for Family Offices.
BNY Mellon Wealth Management is a leading wealth manager with more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has more than $185 billion in private client assets, as of December 31, 2013, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services to clients, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.