Crain Currency Editor Kristen Oliveri and Kerri Scott, COO of Mt. Vernon Investments, explore the key benefits of establishing a private trust company and share best practices for ensuring its success.

The Georgia-based Family Office at Synovus has named Walt Deriso as CEO and Hamilton Hilsman as president to lead the firm’s banking and advisory services for ultra-high-net-worth families.

Female entrepreneurs are reshaping the narrative of women and wealth, no longer confined to the role of wealth inheritors but stepping into positions as wealth creators with a visionary focus on legacy.

As the new head of Key Family Wealth, Robert Weiss will oversee the bank’s multi-family office division that has $23 billion in assets under management.

Though President-elect Trump doesn’t take office until Jan. 20, his impact is already being felt by family offices and professionals, who have been preparing for the incoming administration’s likely policies when it comes to taxes, their portfolio and the greater economy.

Family offices plan to increase their reliance on third-party providers, especially for liquid investments, concierge services and wealth planning, according to new research from the UK-based financial services firm Ocorian.