U.S. Trust Company Of Florida Savings Bank (Palm Beach)

Name: U.S. Trust Company Of Florida Savings Bank
Address: 132 Royal Palm Way, Palm Beach, FL, 33480 4285
Telephone: 561-659-1550

U.S. Trust Company Of Florida Savings Bank is a large advisory firm based in Palm Beach. It manages $3.21 billion of regulatory assets for 1,620 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

U.S. Trust Company Of Florida Savings Bank provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

U.S. Trust Company Of Florida Savings Bank: assets under management

The assets under management (AUM) of U.S. Trust Company Of Florida Savings Bank is $3.21 billion. The firm's AUM has gone down by -44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.67 billion in discretionary accounts and $1.54 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.6 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.65 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay U.S. Trust Company Of Florida Savings Bank for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at U.S. Trust Company Of Florida Savings Bank

Richard Gerard Mcdermott has been acting as President since 1 Apr 1998. Craig Lee Walling joined the executive team most recently as the Chairman, President, Ceo & Director U.S. Trust Company.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Garrison Du Pont Lickle	Regional president	1 Jun 1991	Other	4150539
Carl August Harnish	Regional president/director	1 Jun 1991	Other	4152099
Iii Trowbridge Callaway	Chairman, ceo	1 Jun 1991	Other	4388509
Geraldine M Mcnamara	Director	1 Jun 1991	Other	2520264
Howard Emerson Nestor Wilson	Director	1 Jun 1991	Other	817332
U.S. Trust Corporation	100% owner	1 Jun 1991	75% - 100%	13-3818952
Geraldine Mcquade Mcnamara	Director	1 Jun 1991	Other	2520264
Maribeth S Rahe	Director	1 Aug 1997	Other	4357217
Richard Gerard Mcdermott	Regional president/director	1 Apr 1998	Other	326641
Garrison Du Pont Lickle	Regional president	1 May 1999	Other	4150539
Charles James Frankel	Managing director/director	1 Feb 2000	Other	2567309
Eileen Joann Daly	Compliance officer	1 Jan 2001	Other	4388690
Sharon Maurine Davison	Director of securities compliance for u.s. trust corporation subsidiaries	1 Sep 2001	Other	1367871
Stephen Craig Hassenfelt	Chief operating officer for investments for u.s. trust corporation subsidiaries	1 Dec 2001	Other	4372267
Garrison Du Pont Lickle	Chief operating officer	1 Apr 2002	Other	4150539
Stephen Craig Hassenfelt	Executive vice president & chief operating officer for u.s. trust corporation investments	1 May 2002	Other	4372267
James Price Johannsen	Regional president	1 Nov 2002	Other	3012590
James Price Johannsen	Director	1 Dec 2002	Other	3012590
Garrison Du Pont Lickle	Chief executive officer	1 Jan 2003	Other	4150539
Garrison Du Pont Lickle	Chairman	1 Feb 2003	Other	4150539
Craig Lee Walling	Chairman, president, ceo & director - u.s. trust company	1 Feb 2003	Other	4613175

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
The Charles Schwab Corporation	Parent company of u.s. trust corporation	1 May 2000	75% - 100%	94-3025021

Based in Palm Beach

The principal office where U.S. Trust Company Of Florida Savings Bank performs its advisory services is located at 132 Royal Palm Way, Palm Beach, FL 33480 4285, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-659-1550 or by fax 561-655-2053. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.ustrust.com.