CORNING, NY, Feb. 3, 2015—Market Street Trust Company, a multi-family office providing comprehensive, independent wealth management services for high-net worth families and individuals, announced that it has been named "Best Multi-Family Office - Client Service" by Private Asset Management (PAM), a wealth management industry publication. The award was in the category of multi-family offices with less than $2.5 billion in assets under management.
“We are very pleased with this industry recognition,” said Marianne Young, President and CEO of Market Street Trust. “From its inception, Market Street was designed to provide the best client experience possible – this is reflected in our unique, shared family office structure in which the interests of our clients and the firm itself are completely aligned. We view the relationship as a collaborative one, and we believe both sides benefit with outstanding performance and a fulfilling experience.”
“In 2014, we took a big step by opening our New York City office.” Young said. “It enhances our ability to serve our clients in the New York metropolitan area and provides proximity to many of our investment managers and advisors. It also enables us to broaden our reach to continue the thoughtful, controlled growth of our business.”
The PAM awards “recognize and reward those who have successfully serviced high-net-worth individuals in an increasingly complex economic environment,” according to the description of the award on PAM’s website.
Market Street previously won the “Best Multi-Family Office - Client Service” award in the sub-$2.5 billion category at the 2013 PAM Awards.
Founded in 1909 and based in Corning, NY, 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.
The PAM Awards, organized by Private Asset Management Magazine, are designed for investment professionals and wealth advisors operating within the private asset management industry. The judging process, using an independent panel of industry experts, is based on a mixture of qualitative and quantitative performance indicators. Award winners demonstrate a successful financial track record over the previous 12 months, growth in client numbers and firm size, evidence of client satisfaction, and product innovation.
Written by Michael Wichman, Dooley Wichman Communications