Whittier Trust Promotes Tom Suchodolski to Vice President, Client Advisor in South Pasadena Office
Whittier Trust is excited to announce the promotion of Tom Suchodolski to Vice President, Client Advisor at its South Pasadena Office. Tom has more than five years of experience providing ultra-high-net-worth clients with strategic wealth management services and advice. As Vice President, Tom Suchodolski plays a key role in providing comprehensive financial services to high-net-worth […]
What Can I Do with My Property if I Have No Heirs?
By Tom Frank, Executive Vice President, Northern California Regional Manager, Whittier Trust The topic of estate planning frequently conjures up ideas about leaving money to heirs. However, recent statistics from the U.S. Census Bureau indicate that more than 16% of Americans do not have biological children. Additionally, there may be many more cases where people feel like they […]
Market Insights – Third Quarter 2023
De-Dollarization Financial markets defied expectations as fears of a sharp and imminent recession failed to materialize. The S&P 500 index gained 16.9% in the first half of 2023. The Nasdaq 100 index soared 39.4% to lead the stock market rally. And even the lagging Russell 2000 index of small company stocks showed belated signs of […]
Whittier Trust Office Named Top 5 Finalist in The STEP Private Client Awards
Whittier Trust’s Family Office has been named a Top 5 Finalist in the 2023-2024 STEP (Society of Trust and Estate Practitioners) Private Client Awards in the category of Multi-Family Office Team of the Year. This recognition serves as a testament to Whittier Trust’s commitment to providing comprehensive wealth management solutions. The STEP Private Client Awards celebrate the […]
Whittier Trust Welcomes Nielsen Fields as Vice President and Portfolio Manager in Newport Beach Office
Whittier Trust is pleased to announce the appointment of Nielsen Fields as Vice President and Portfolio Manager at its Newport Beach Office. Nielsen brings a wealth of experience and expertise in fundamental industry and company research, asset allocation, and portfolio management. As Vice President and Portfolio Manager, Nielsen Fields will play a crucial role in […]
How to Prepare for the New Federal Entity Reporting Requirements
Starting in 2024, Most corporate entities will be required to file reports on their beneficial owners. On January 1, 2021, Congress passed the Corporate Transparency Act (the “CTA”), which is a significant expansion of anti-money laundering laws intended to help prevent and combat money laundering, tax fraud and terrorist financing. On September 30, 2022, the […]
Finding the Just Right Solution: A Multi-Family Office
A multi-family office offers highly personalized service, efficiency and streamlined staff When high-net-worth families think about a plan to manage their wealth, they often consider either a single-family office or a combination of firms, including a financial advisory firm that offers off-the-rack products. However, the best option is often a middle ground between the two, […]
Whittier Trust Welcomes New Vice President and Fiduciary Advisor, Andrew Hall
The Whittier Trust Company of Nevada is excited to announce the hiring of Andrew Hall as a Vice President and Fiduciary Advisor in Whittier Trust’s Reno Office. With a strong background in trust and fiduciary experience, Andrew brings to the team a wealth of knowledge as well as a proven track record in advocating for […]
4 Strategies for Wealth Preservation During Economic Downturns
By Brian G. Bissell, Senior Vice President and Client Advisor for Whittier Trust Wealth preservation is always a critical concern for individuals, families, and businesses, but it is especially a focus during economic downturns. When the economy contracts, businesses are distressed, the broad market declines, jobs are lost and investment portfolios experience reduced valuations. In this […]
5 Reasons Why Your Investments Need an Investment Policy Statement
By Craig Ayers, Senior Vice President and Senior Portfolio Manager for Whittier Trust At Whittier Trust, we know that clear communication with our clients is a cornerstone of the relationship. A critical aspect of clear communication is the Investment Policy Statement (IPS). An IPS is a document your advisor should provide that outlines investment goals, objectives […]