U.S. Trust, part of Bank of America’s wealth management operation, was named the best private bank for client service at the annual Private Asset Management Awards held earlier this month.
“We take great pride in being recognized for what U.S. Trust is most committed to: service to our clients and their families,” Keith Banks, the president of U.S. Trust, said. “That commitment, coupled with exceptional wealth management expertise and solutions, has resulted in strong momentum for our business in terms of client relationships, asset flows and our ability to attract and retain the best talent in the industry.”
U.S. Trust employs more than 4,000 individuals and maintains 140 offices across 32 states.
Other award winners include First Republic bank for best private bank in North America, Private Client Resources for best private bank in innovation, Constellation Wealth Advisors for best private wealth management performance under $5 billion and Brown Advisory for best private wealth management performance over $5 billion,.
Silver Bridge won for best private wealth management for client service under $5 billion, while Tiedemann Wealth Management won for best private wealth management for client service over $5 billion, Sanctuary Wealth Services won for best private wealth manager under $5 billion, Northern Trust won for best private wealth manager over $5 billion, Atlantic Trust won for best long-term wealth management performance and Convergent Wealth Advisors won for best private client service investment platform.