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Market Street Trust Company, a client-owned, shared family office providing comprehensive, independent wealth management services for high-net worth families and individuals, has opened an office in Portsmouth, New Hampshire, which will serve as the firm’s new headquarters.
“Our top priority is providing our clients with the best opportunities to secure their futures and the future of their families, and we believe this change will help accomplish that goal,” said Michael Eisner, Senior Vice President and Chief Investment Officer. “Opening the New Hampshire office is a strategic move undertaken on behalf of Market Street clients who stand to benefit from favorable trust law.”
While the New Hampshire office will now function as headquarters, a significant subsidiary will continue to operate in Corning, NY, where Market Street was previously based, providing critical support services. The New York City office will operate with few changes going forward.
“It is important to note that significant administrative functions will remain in Corning, providing an exceptional client experience our families have come to expect” said James D. Houghton, Market Street Trust Board Chair. “Market Street has important ties to the Corning area and will continue to be an active and enthusiastic member of the community.”
In addition to client favorable trust laws, Market Street also sees significant business development opportunities in moving its headquarters to New Hampshire.
“This is another important step in our evolution as a multi-family office,” Mr. Houghton said. “Market Street continuously evaluates opportunities to serve its clients, while remaining true to the values of our client families and the firm’s roots.”
Disclaimer:
This presentation has been prepared by Market Street Trust Company. The views expressed herein represent opinions of Market Street and are presented for informational purposes only. They are not intended to be recommendations or investment advice and do not take into account the individual financial circumstances or objectives of the investor who receives them.
Certain statements included in this presentation constitute forward looking statements. Forward looking statements are not facts but reflect current thinking regarding future events or results. These forward looking statements are subject to risks that may result in actual results being materially different from current expectations.
Past performance (before and after taxes) does not guarantee future performance. There is no assurance that Market Street Trust Company investments will achieve their objectives, or that they will or are likely to achieve results comparable to results shown herein, or will make any profit, or will be able to avoid incurring losses. Exposure to foreign currencies may cause additional fluctuation in the value of any investment. Each investor must assess the suitability of an investment, the investor’s tolerance for risk and the impact on the investor’s diversification strategy. This presentation does not constitute an invitation to buy or an offer to sell securities, or any other products or services.
This is intended as general information only. Investors maybe required to meet certain criteria under the securities laws in order to qualify for certain investments. Any discussion of U.S. tax matters is not intended and cannot be used or relied upon for the purpose of avoiding U.S. tax-related penalties. Please visit our website for additional information concerning Market Street’s investments and investment updates. As always, please feel free to contact us if you would like to learn more about our investment program.
