Strategy

Bank Of The West Launches Family Wealth Advisors

Eliane Chavagnon Editor - Family Wealth Report October 15, 2015

Bank Of The West Launches Family Wealth Advisors

Bank of the West has officially unveiled its new offering aimed at ultra high net worth individuals and families.

After hiring industry veteran Steve Prostano in July to formalize its ultra high net worth business, Bank of the West Wealth Management has officially unveiled Family Wealth Advisors, which is for families with over $25 million in assets.

Under the leadership of Prostano, and with support from its global parent company BNP Paribas, Family Wealth Advisors will provide wealth planning, global investment management and consulting, strategic philanthropy and purpose investing, family enterprise solutions and other specialized services.

Besides Prostano, the UHNW team includes: Eric Sanderson, head of wealth planning and family enterprise solutions; Julie Shafer, head of strategic philanthropy and purpose investing; and Ed Kleist, who recently joined as a senior client advisor covering the Rocky Mountain and Midwest areas.

Those executives work in tandem with three core client teams spread across San Francisco, CA, Orange County, CA, and Denver, CO. 

Working with clients across 19 states, Family Wealth Advisors will provide a set of “core” family wealth services and family enterprise solutions as well as specialized, customized services. 

On top of those, it will offer many of the “softer” elements of wealth planning such as succession planning, family leadership and governance, family education and family office services, as well as private business owner solutions, financial management, risk management, lifestyle and logistics management, and art advisory services.

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