Bank of the West Wealth Management Group Recognized by Private Asset Management Magazine and Family Wealth Report Magazine Awards
Wins Private Asset Management Magazine's Innovation Award in Private Banking; Highly Commended for Client Service
Family Wealth Report Honors Bank's Purpose-Built Philanthropy Campaign and Head of Family Wealth Advisors Steve Prostano
SAN FRANCISCO, March 13, 2017 /PRNewswire/ -- Bank of the West today announced that the Wealth Management Group and Family Wealth Advisors have been recognized by two prominent industry publications.
In February, the Wealth Management Group won the Innovation in Private Banking honor from Private Asset Management Magazine (PAM). Now in its seventh year, the PAM Awards recognize individuals and companies that have successfully serviced high-net-worth individuals in an increasingly complex wealth management environment. This is the second consecutive year that Bank of the West's Wealth Management Group has been honored by PAM; in 2016 - Family Wealth Advisors (FWA) - the practice within the Wealth Management Group that focuses on ultra-high-net-worth (UHNW) clients, was recognized as the Best Newcomer, and the head of FWA, Steve Prostano, was given the "Outstanding Contribution" Award. In addition to winning the Innovation category this year, Bank of the West Wealth Management also received high commendations in the Best Private Wealth Manager (AUM over $5 billion) for Client Service category.
Bank of the West Wealth Management's Family Wealth Advisors was also honored at this year's Family Wealth Report (FWR) Awards 2017 in early March. The Group's Strategic Philanthropy & Purpose Investment offering and Purpose-Built Philanthropy campaign was recognized as the Best Multi-Family Office Client Initiative. Through the campaign, Bank of the West advisors worked to educate and empower their clients to pursue philanthropy through investing. The initiative involved several events that encouraged clients to think beyond traditional charitable giving opportunities and strategically align their philanthropic goals with how they approach building wealth. Additionally, Steve Prostano was awarded the honor of Leading Individual in the Multi-Family Office industry.
"Everything we do at Bank of the West is in service to our clients through industry-leading products and services. Staying ahead of market trends and client needs is a large part of that process," said Pierre Ramadier, senior executive vice president and head of the Wealth Management Group at Bank of the West. "We have been able to provide services such as our Family Wealth Advisors and Private Business Owner Solutions, two dynamic offerings within the Wealth Management Group that serve niche clients — the UHNW clientele and business owners — with the cross-expertise banking solutions that they need to best manage their wealth. We are thrilled to be recognized as one of the industry's top innovators by these two respected publications."
Along with Family Wealth Advisors and Private Business Owner Solutions, Bank of the West Wealth Management Group provides the Bank's clients with strategies for wealth planning, global investment management and consulting services, opportunities for strategic philanthropy and purpose investing, family enterprise solutions and other specialized services.
Bank of the West is committed to providing resources to help high-net-worth individuals and small business owners succeed by spotlighting industry trends and offering wealth management solutions. To see the breadth of content to help with personal finance and wealth needs, visit the Bank of the West blog Your Wealth channel at blog.bankofthewest.com, which provides wealth management guidance. You can also follow us on Twitter and Facebook for more tips and information.
About Bank of the West Wealth Management Group:
Bank of the West Wealth Management provides wealth planning, investment management*, personal banking, philanthropy, and trust and fiduciary services. The group is part of BNP Paribas' global wealth management business of more than 6,600 professionals present in three hubs in Europe, Asia and the U.S. with more than $12.1 billion** in assets under management in the United States and €344 billion ($361.9 billion) in assets under management globally as of December 31, 2016.
About Bank of the West
Bank of the West is a regional financial services company headquartered in San Francisco with $83.8 billion in assets as of December 31, 2016. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 branches and offices in 23 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 74 countries with more than 190,000 employees. To learn more about Bank of the West, visit About Us via BankoftheWest.com.
*Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC, and SEC Registered Investment Adviser. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321), through BancWest Insurance Agency in Utah, and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, Guam and CNMI. BancWest Investment Services is a wholly owned subsidiary of Bank of the West. Bank of the West is a wholly owned subsidiary of BNP Paribas. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.
**Assets under management refers to assets under administration, management, advisement, and on deposit, including assets with our affiliate BancWest Investment Services ("BancWest") as of December 31, 2016.
Deposit and loan products offered by Bank of the West, Member FDIC and Equal Housing Lender. In South Dakota, Bank of the West operates under the name Bank of the West California. Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries.
Investment and Insurance products: |
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NOT FDIC INSURED |
NOT BANK GUARANTEED |
MAY LOSE VALUE |
NOT A DEPOSIT |
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |
SOURCE Bank of the West
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