Fieldpoint Private Surpasses Two Major Milestones
GREENWICH, Conn., March 08, 2021 (GLOBE NEWSWIRE) — Fieldpoint Private, the fast-growing wealth advisory and private banking boutique serving families and institutions, announced it has surpassed the $1 billion threshold in total bank assets, and $5 billion in total wealth management assets.
The 12-year-old firm now ranks within the top 20 percent of U.S. banks by assets, and was recently named among America’s top 100 independent investment firms by Barron’s magazine. Since its 2008 founding in Greenwich, Connecticut, Fieldpoint Private has grown its presence to include New York City, Georgia and Florida, earning the business of families, entrepreneurs, businesses and charitable institutions in 46 states. It has attracted leadership, advisors and bankers from Bank of America, BNY Mellon, Brown Brothers Harriman, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, Merrill Lynch, Neuberger Berman, Wells Fargo and others, as well as deeply rooted community banks.
Chairman and CEO Tim Tully said that while it is important to take a moment to recognize these milestones, growth – by itself – was never the firm’s mandate. “Our goal has always been to create a new standard of service for clients, to maintain independence of thought and protect our commitment to do what’s right for the client, wherever that takes us.” He added, “It’s clearly taking us to a pretty good place, and I’m grateful to our colleagues for all they have done to get us here, and to our clients for their trust and enthusiasm along the way.”
Russell Holland, President and CEO of Fieldpoint Private’s banking unit, said that when Fieldpoint was founded, clients could get commercial and personal banking, along with investment advice at any number of the giant global firms. “But clients felt the advice and experience was disconnected and too often met the interests of the firm more than themselves and their families,” he said.
Christopher DeLaura, President and CEO of the firm’s wealth management unit added, “Delivering all of this, in a boutique experience, with fully integrated advice and world-class intellectual capital, was something no one had tried before. These milestones tell us it was an important idea at the right time, and we feel like we are just getting started.”