Wealthspire Launches Trust Company to Support Wealthy Clients

Wealthspire Advisors, an independent RIA with nearly $26 billion in assets under management, is launching a new trust company based in Tennessee, dubbed Wealthspire Trust.

The development will help Wealthspire’s advisors offer personal trust administration solutions, according to the announcement, powered by integrated technology and coupled with Tennessee’s “favorable trust laws.”

The firm has appointed Jonathan Connolly as president of Wealthspire Trust. Connolly previously held leadership roles at UBS AG, Comerica Bank and Trust, and RBC Wealth Management.

“As we set out to build the trust company of the future, we know clients expect real-time access to their information and answers to their questions because multigenerational trusts are complex,” Connolly said.