A Junior Board Helps Continue a Family Foundation’s Legacy
Next-gen philanthropy is about more than just giving money away. Philanthropy is about helping others and offering invaluable funding to support communities and causes. With a family foundation, it’s also about preserving a legacy and bringing family members together in the name of a shared cause or purpose. The style and look of a family foundation varies, and […]
Wealth Planning as a Competitive Advantage
How smart entrepreneurs future-proof their legacy. Most entrepreneurs who have built a corporation to a valuation in the hundreds of millions (or higher) will tell you about a beginning filled with hard work, sleepless nights and worry over whether or not their business would survive. We work with many family businesses that are now worth […]
Balancing Support and Accountability
How high-net-worth families can protect their legacy while supporting their heirs. Every parent dreams that our children will grow up to be happy, productive, contributing members of society. We envision a path that may include youth sports, music and the arts, faith and culture, and of course, education. Our fervent hope is that our efforts […]
Partners In Portfolio Strategy
Three key questions to strengthen your investment strategy. At its core, investing is straightforward: Buy low, sell high. But additional factors such as taxes, along with your risk tolerance and asset mix, can significantly impact your returns. Three key questions can help ensure your investment strategy is positioned to maximize your long-term after-tax returns and […]
The Advantages of Individual Securities Over Mutual Funds
Individual securities offer powerful advantages for ultra-high-net-worth investors. If you’ve been investing for a while, at some point you were probably told that mutual funds were not only an easy answer, but also a wise one, promising a strong return with minimal effort and monitoring. This advice is not wrong, but it doesn’t apply to everyone. After […]
Family Philanthropy Benefits Givers in Surprising Ways — We’ve Seen It Happen
Last year’s National Nonprofit Day was a welcome reminder of the significant impact philanthropic activities can have on communities and the world. But at Whittier Trust we have also witnessed how helping families engage with philanthropy, whether by establishing a nonprofit, a family foundation or forming a philanthropic strategy, can significantly transform family dynamics and relationships, forging and strengthening bonds […]
Thinking of Selling Your Business? Sell Smart
Smart entrepreneurs look far beyond financials. “The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next,” Michael E. Gerber wrote in his book, The E Myth. The sentiment applies to entrepreneurs approaching […]
Managing Risk: Consistency Over Uncertainty
A calculated approach to risk management allows investment objectives to be met regardless of the conditions. Managing risk is one of the most important portfolio management objectives. Risk is simply the possibility that an outcome will differ from what is expected or hoped for. “Investment risk is like the wind on top of a mountain,” says Caleb Silsby, […]
More than Wealth Management: The Whittier Difference
A fresh perspective from a recent addition to the team: Sharon Perlin joined Whittier Trust Company in January 2023. With nearly 20 years of experience providing legal counsel, she frequently remarks on the distinctive qualities that set Whittier apart from other companies in the wealth management field. “Although there are countless ways in which Whittier stands out,” Sharon […]
Exceptional Returns With Hybrid Investing
Whittier Trust’s internal investment team selectively partners with outside managers to yield higher returns. We call it our hybrid architecture. Our clients call it the best of both worlds. Internal + External Investing The investments we make on behalf of our clients fall into two categories: those our internal investment team manages directly and those we allocate […]