Surveys
Luxury Survey Churns Out 34 Best Wealth Management Firms
Boston Private Financial Holdings garnered the number one
spot in the latest Luxury Institute survey of wealthy clients
who were asked to rate their top wealth management firms.
Bessemer Trust Co, the previous top placer, for the first
time in five years was booted out of the top three and landed
in twelfth place. Second came the wealth management unit
of AllianceBernstein,
Bernstein Global Wealth Management, while
Rockefeller placed third. This is the first time
Rockefeller joins the list.
The Luxury Brand Status Index Survey of Wealth Management Firms
is published annually by the Luxury Institute of New York City
and is based on the evaluations of leading luxury
wealth management companies by US consumers with a minimum net
worth of $5 million.
The latest survey, which involved an online poll of 505
respondents, turned up 34 wealth managers on the 'best' list,
which included trust companies, private banks, and the high-end
wealth operations of other financial services providers.