Family Office

Brazas leaves MFO Threshold Group for NC Foundation

Thomas Coyle September 25, 2009

Brazas leaves MFO Threshold Group for NC Foundation

The Community Foundation of Western North Carolina has named Elizabeth Brazas, formerly head of client service at multifamily office Threshold Group, as its president. She will succeed Pat Smith, the foundation's first full-time president, next month.


Brazas joined Threshold in the spring of 2008 from Wachovia (now part of Wells Fargo). She had led the Charlotte, N.C.-based bank's wealth-management business in southwest Virginia.


In enumerating Brazas' qualifications for her new position, the Community Foundation of Western North Carolina says in a press release that her "early career as an estate attorney and trust officer developed well-honed skills in compliance, budgeting, strategic planning, marketing, work plan development, implementation and measurement."


The foundation adds: "In the communities in which [Brazas] has lived and worked, she has been instrumental in forging valued alliances with community leaders and long-lasting relationships with clients and colleagues."


Gig Harbor, Wash.-based Threshold is redesigning Brazas' role of chief client-service officer, according to the firm's spokesman Chris Phillips. In the mean time, he adds, her former responsibilties "are being covered by existing management and staff."


Threshold provides family-office services and investment-advice on approximately $1.5 billion to about 55 households. In addition to its headquarters on Puget Sound, it has offices in New York and in Portland, Ore.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes