Privately owned and independent, Bessemer Trust has served individuals and families of substantial wealth for more than a century. We bring clients comprehensive wealth planning, investment management, and family office services that help them achieve peace of mind for generations.
Accordingly, how much does Bessemer Trust have under management?
Peace of mind for you and your clients
Bessemer Trust is a leading multifamily office founded in 1907 to help a single family preserve and grow wealth. With more than $100B in assets under supervision and a 98% 10-year client asset retention rate, we oversee 2500 client relationships.
Moreover, what does Bessemer Trust cost?
Fees start at about 1% of assets, and may be less for larger accounts. Additional services beyond general investment management are mostly covered by those fees. Last year, amid the upheaval among competitors, the firm added 170 new clients, with a total of some $3.5 billion in assets.
How much is the Phipps family worth?
Phipps family– $6.6 billion.
What is the Bessemer technique?
The Bessemer process was the first inexpensive industrial process for the mass production of steel from molten pig iron before the development of the open hearth furnace. The key principle is removal of impurities from the iron by oxidation with air being blown through the molten iron.
How many employees does Bessemer Trust have?
1,000 employees