HAMPTON, N.H., March 17, 2015 (GLOBE NEWSWIRE) -- Perspecta Trust announced today that it has received the award for Best Independent Trust Company as determined by industry judges representing the Family Wealth Report.
This award, presented annually within the US, as well as in Europe and Asia, recognizes firms for their outstanding achievement and demonstration of excellence within their industry. Perspecta Trust received the award after a judging panel of fourteen prominent industry leaders from across the US reviewed and judged Perspecta's qualifications versus that of its peers. While the Independent Trust Company category is new in the US for 2015, last year's finalists in other categories included Bessemer Trust, Citi Private Bank, Brown Brothers Harriman, and First Republic Bank.
Coinciding with its acceptance of this industry award, Perspecta Trust also announced it has passed a significant milestone as its asset base grew to $7 billion, a $2 billion increase since July 2014. Additionally, the number of families with which Perspecta works has grown to over 50, representing a combined net worth that exceeds $50 billion.
Speaking to Perspecta's award, Chairman and CEO Paul Montrone states, "We are honored to have received Family Wealth Report's award in the independent trust company category, and even more pleased that the panel of distinguished judges have recognized Perspecta for our efforts, and for the client-friendly business model that we have built." Adding further, Montrone states, "We are also thankful to the State of New Hampshire for continually refining and strengthening our trust statutes, making New Hampshire the best trust situs in the nation."
Commenting on Perspecta's asset growth, Perspecta President Scott Baker adds, "Due in large part to the vast changes made to New Hampshire trust laws over the last decade, we are able to tailor our clients' estate plans to completely mirror their wealth transfer goals and legacy objectives- no matter how complex. As a result, we have seen a significant influx of business, not only from those families wishing to establish new wealth transfer plans, but also from families looking to improve upon plans established either under obsolete law or in unfavorable jurisdictions." Baker further offers, "We are experiencing meaningful positive momentum at this time, as the benefits of New Hampshire's flexible trust statutes become more widely known, and as industry practitioners further embrace the state's advantages."
Perspecta Trust was awarded the Best Independent Trust Company award at Family Wealth Report's annual gala, which was held March 12th at the Mandarin Oriental Hotel in New York City. Over 400 industry participants and members of the media attended the event.
About Perspecta Trust
Perspecta Trust is a non-depository trust company that offers a full range of trust, wealth planning and investment management services to ultra-high net worth individuals and their families. Based in Hampton, New Hampshire, Perspecta is strategically located to take advantage of New Hampshire's nation-leading tax and trust laws.
For more information on Perspecta Trust, please visit http://www.perspectatrust.com or call 603-929-2700.
Source:Perspecta Trust LLC