FAIRFIELD, Conn., March 18, 2014 (GLOBE NEWSWIRE) -- Foundation Source, the nation's largest provider of support services for private foundations, won the award for best "Philanthropic Offering" at the inaugural Family Wealth Report Awards 2014. One of two firms to be shortlisted as a finalist (the other was U.S. Trust, a subsidiary of Bank of America), Foundation Source's win speaks to its position as a pre-eminent player in the world of private foundation administration and management.
Showcasing "best of breed" providers in the global private banking, wealth management, and trusted advisor communities, the awards were designed to recognize companies, teams, and individuals which a panel of judges deemed to have "demonstrated innovation and excellence during 2013." Judges consisted of specially convened expert panels, drawn from third-party private banks and advisories. Author, activist, and actor Christopher Kennedy Lawford presented the awards during a black-tie dinner, at The Metropolitan Club in New York.
Commenting on its recognition, Anders Soderstrom, Foundation Source COO, who accepted the award on behalf of the company said: "We are thrilled to have been voted the recipient of this prestigious award by so many of our industry's esteemed peers. Foundation Source is committed to offering unparalleled service to our private family and corporate foundation clients. An award win such as this lets us know that we're delivering on that promise."
Stephen Harris, publisher of Family Wealth Report and CEO of ClearView Financial Media, was first to extend his congratulations to all the winners. He said: "The firms who triumphed in these inaugural awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants' submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognize the very best operators in the private client industry, with 'independence', 'integrity' and 'genuine insight' the watchwords of the judging process - such that the awards truly reflect excellence in wealth management. I am optimistic that these annual Awards will become one of the brightest highlights in the wealth management calendar."
Full details on the night's winning firms can be found at:
Foundation Source is the nation's largest provider of comprehensive support services for private foundations, bringing unparalleled knowledge and expertise to clients across the country. The company's administrative services, online foundation management tools, and philanthropic advisory services provide a total outsourced solution for private foundations. The result: better-run and more effective foundations. Our clients supply the funds, the vision, and the philanthropic goals; we take care of everything else.
Today, Foundation Source provides its services to more than 1,100 family, corporate, and professionally staffed foundations, of all sizes, nationwide. The company provides its services directly to philanthropically focused businesses and families as well as in partnership with the nation's leading private wealth management firms, law firms, and accounting firms. Foundation Source is headquartered in Fairfield, Connecticut, with offices in Dallas, Denver, Los Angeles, New York City, Philadelphia, San Francisco, South Florida, Washington, D.C., and Winston-Salem.
About ClearView Financial Media Ltd ("ClearView")
ClearView Financial Media was founded by Managing Director, Stephen Harris in 2004, to provide high quality 'need to know' information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the Family Wealth Report group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events program.
With teams based in London, Singapore, Switzerland, South Africa and the Philippines, the company is one of the fastest-growing media groups serving the financial services sector.
CONTACT: Media Contact: Rich Polt Communications Liaison 617-699-9144 firstname.lastname@example.org
Source: Foundation Source