CORNING, NY, Oct. 17, 2014 - Market Street Trust Company, a multi-family office providing comprehensive, independent wealth management services for high-net worth families and individuals, announced today that it will expand its foundation services offering to private foundations that are unaffiliated with its current client families.
Having managed clients' family foundations for over 20 years, Market Street offers its vast experience, knowledge, and resources to private foundations through their comprehensive foundation services program which includes investment management, back office, and philanthropic advisory services.
"Our clients have benefited for years from our expertise in advising their foundations from investment and planning perspectives, and we would like to make those services more available," said Marianne Young, President of Market Street Trust. "Working with foundations is a core part of what we do. We would like to be more involved in helping other foundations grow and thrive, leaving foundation staff free to pursue their missions while being assured that they are supported by effective management."
Beth Landin, Vice President of Client and Strategic Relationships and Rachel Sherman, Director of Client Service, currently oversee the firm's large foundation advisory services and will lead the firm's expansion in the foundation area.
Founded in 1909 and based in Corning, New York, Market Street Trust Company is a multi-family office providing comprehensive, attentive wealth management services for high-net worth families, many of them spanning multiple generations. Market Street is a private trust company, offering the permanence and objectivity of a corporate trustee, as well as the flexibility of a highly personalized approach. Market Street Trust was the winner of Private Asset Management's 2012 Award for Best Multi-Family Office for Client Service, in the sub-$2.5 billion category.
Written by Michael Wichman, Dooley Wichman Communications