Firm Expands to New Space at 400 Park Avenue
GREENWICH, CT--(Marketwire - Jan 10, 2012) - Fieldpoint Private, the fast-growing private bank & wealth advisory firm serving ultra high net worth families and institutions, announced that it has expanded into new offices in Manhattan, taking occupancy of the 18th floor of 400 Park Avenue.
The move marks the firm's second expansion in New York, and signals its emergence as a significant force in the country's largest and wealthiest city. In May 2011, Fieldpoint Private announced its acquisition of Analytic Asset Management, a Manhattan-based Registered Investment Advisor with $275 million in assets under management.
"We've been honored with a series of new and very large relationships from private clients and institutions in the past six months alone, so you can imagine how quickly we were working on new space," said Robert S. Matthews, Fieldpoint Private's President and CEO. "This expansion enables us to offer a full private banking experience right in the middle of one of America's most dynamic neighborhoods, and to house a significant portion of our growing team of advisors where they can be close to many of our best Members."
The young firm has attracted attention for its prominent founders -- which include four retired Chairmen of Merrill Lynch & Co. and UBS Americas -- but also for its business model, which combines private banking with open architecture and independent investment advice, performance reporting across clients' entire financial pictures, and comprehensive planning. John L. "Launny" Steffens, former Chairman of the US Private Client Group of Merrill Lynch & Co. and one of Fieldpoint Private's Founders, called the expansion one of most significant steps yet in the firm's early history. "It says a lot about why we started Fieldpoint Private -- to do the business the right way, and to always stay close to our Members," Steffens said.
Concurrent with the opening of the new office, Analytic Asset Management has changed its name to Fieldpoint Private Advisors, Inc. and is among the occupants of the new facilities. The group, led by principals Richard T. Arkwright, Taylor T. Gray, and Jill Arkwright Harvey, CFA®, provides investment advisory services to significant foundations, endowments and private families.
About Fieldpoint Private
Fieldpoint Private Bank & Trust (www.fieldpointprivate.com), located in Greenwich, Connecticut, is a boutique financial firm providing the highest degree of personalized, confidential wealth planning and private banking services. Catering to highly successful individuals, families, businesses and institutions, Fieldpoint Private offers a powerful combination of wealth management and strategy, family office, private banking and business banking services addressing every financial need for each of our Members including: wealth transfer advice, tax planning, aggregation and performance reporting, risk management, goals-based investing strategies, sophisticated investment selection, discreet and personalized banking, highly customized credit solutions, custom custody and trust solutions, highly attentive/responsive service and concierge services.
Fieldpoint Private Bank & Trust was established in 2008 by 31 Founders with a specific vision and purpose. These extraordinary leaders of industry and community recognized the opportunity to create a financial firm totally attuned to people's individual circumstances. Our firm is built on a philosophy of exclusive Membership and client-centricity. Working with a limited number of relationships gives every person the experience of belonging to an extremely selective group. The result is a new breed of institution established on the basis of personalization, responsiveness, and exclusivity, and an ensured commitment to impeccable service and consistently flawless execution. Our Member-oriented service approach offers a unique client experience custom crafted to each Member's financial needs.
Robert S. Matthews
President & CEO
Fieldpoint Private Bank & Trust
PR @ UMarketing for Fieldpoint Private
866.482.0288, ext. 180