Florida Banking November 2023

TRUST AND WEALTH MANAGEMENT MINI FEATURE

GLENMEDE: A PERFECTLY POSITIONED BOUTIQUE WEALTH AND INVESTMENT MANAGEMENT FIRM

T he Glenmede Trust Company was founded in 1956 for one purpose: to serve in perpetuity as the Trustee and Administrator of The Pew Memorial Trust, the initial funding source for the nonprofit now known as The Pew Charitable Trusts. Over the decades, we have thoughtfully and purposefully evolved to meet our client’s needs while staying true to our everlasting commitment to fiduciary values.

achieving their desired goals. From there, our clients’ wealth objectives guide us in formulating a customized investment strategy within a proven framework to build portfolios for the long-term. Our clients benefit from decades of experience in planning, interpreting, and administering personal and charitable trusts, in addition to helping their families transfer wealth in a manner that reflects their values

through our Center for Family Philanthropy and Wealth Education. Glenmede serves clients in all 50 states and formally brought our client-focused approach to Palm Beach, Fla., in 2019. Since many of our existing clients reside in Florida on a full-time or seasonal basis, our goal was to deepen our commitment to serving their changing needs while continuing to partner with a strong network of local Florida based intermediaries and industry professionals. Understanding the demand for services and expertise in the region such as tax and trust law changes, a volatile economy and shifting needs of current and potential clients, we

Today, Glenmede is a privately owned, independent wealth and investment management firm that oversees $42.5 billion* in assets under management for high net-worth individuals, families, family offices, endowments, foundations, and institutional clients. We believe we are perfectly sized to provide a wide range of expertise and solutions, while offering exceptional client service that fosters personal and enduring relationships over multiple generations. Each of our clients is truly unique, and the complexities of wealth require a comprehensive approach supported by an integrated team.

“AT GLENMADE, WE ARE COMMITTED TO DEVELOPING RELATIONSHIPS AND PARTNERSHIPS BY MAINTAINING A LOW CLIENT-TO-ADVISOR RATIO AND FOSTERING A MULTIGENERATIONAL PERSPECTIVE.”

assembled a team of deeply experienced professionals with over 185 years of collective industry experience. This integrated team is led by Mark R. Parthemer, a Fellow of the American College of Trusts and Estates Counsel. Parthemer brings decades of sophisticated estate planning, tax and advisory experience not only to the Florida region, but to the entire firm as he also serves as Glenmede’s Chief Wealth Strategist.

Through this collaboration, our team can explain how the dimensions of wealth interconnect and why a multifaceted plan is the best path for clients to reach their wealth objectives. It starts with our proprietary Goals-Based Wealth Management process, a dynamic methodology that provides insights from stress-tested scenarios to educate our clients on their options, make informed decisions and maximize the probability of

*As of 6/30/2023

16 — FLORIDA BANKING THE VOICE OF FLORIDA BANKING