Chilton Investment Co.has formed Chilton Trust Management LLC in Palm Beach, Fla., to advise and provide wealth management services to ultra high-net-worth individuals, the firm announced Monday.
Chilton Trust Management will offer full-service, customized private wealth management services: asset allocation advice, portfolio management, tax advice, and trust and estate planning in conjunction with its clients’ advisors.
Chilton has named Garrison Lickle (left) president and chief executive of Chilton Trust Management. Most recently, Lickle was regional president of Lehman Brothers Trust Co. and managing director of Lehman Brothers and Neuberger Berman. He joined Barclays Wealth as managing director after Barclays acquired Lehman. Earlier in his career, he was chairman and chief executive of U.S. Trust Co. of Florida.
Richard Chilton,chairman, CEO and chief investment officer of Chilton Investment Company, said in the statement: “Since our firm’s founding almost 20 years ago, we have instilled a culture in which the interests of our clients come first. Consistent with this philosophy, we believe now is the precise right time for us to create an independent firm that serves the large and underserved market for value-added private wealth management for ultra high-net-worth individuals.”