Unique multi-generational summit helps families explore their collective visions for their wealth, leadership and legacy
NEW YORK, Nov. 4, 2014 /CNW/ - Atlantic Trust, the U.S. private wealth management division of CIBC (NYSE: CM) (TSX: CM), last week hosted its second multi-generational family summit for its clients, which focused on the growing importance of legacy planning.
"Legacy planning is at the heart of what Atlantic Trust stands for," says Atlantic Trust CEO Jack Markwalter. "Creating a lasting family legacy means preparing the next generation not just to receive the family wealth, but to recognize, realize, and pass down the family's 'legacy' that is central to that wealth."
The Atlantic Trust G2G Impact Summit (Generation to Generation), held at the United Nations Headquarters in New York City on Oct. 24-25, brought together more than 100 clients from across the nation for two days of interactive workshops and sessions designed to inspire and equip them to realize the collective vision for their family's wealth, leadership and legacy.
Forty guest speakers from a range of disciplines joined Atlantic Trust professionals to present 20 sessions on a range of topics exploring how families can create a lasting legacy and make their mark on the world. Grandparents, parents, and young adult children in their 20's and 30's shared workshops together, while other concurrent sessions focused on issues pertaining to a particular family generation.
What made Atlantic Trust's Summit so different is that the primary focus was not about the money—investing it, protecting it and passing it on. Instead, this Summit focused on the importance of family legacy—how to talk about family wealth and what it means, how to preserve and pass down the family legacy with an ethical will, how to engage in impact investing and ways individuals and families can make a difference, and how to pass on the family's story to the next generations.
"Our goals for this year's Summit were to help our clients understand and capture their own family's legacy for future generations, and to inspire families to maximize their impact on the world—from one generation to the next," said Eric Propper, president of Atlantic Trust.
About Atlantic Trust
Atlantic Trust is one of the nation's leading private wealth management firms, offering integrated wealth management for high net worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management strategies. Experienced professionals deliver a broad range of solutions, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 12 full-service locations throughout the U.S. with $25.4 billion in assets under management (as of July 31, 2014). For more information, visit www.atlantictrust.com.For more information, visit www.atlantictrust.com.
CIBC is a leading Canadian-based global financial institution. Through our Retail and Business Banking, Wealth Management and Wholesale Banking businesses, CIBC provides a full range of financial products to individual, small business, commercial, corporate and institutional clients in Canada and around the world. CIBC owns a 41 percent equity interest in American Century Investments®, a major U.S. asset management company, serving financial intermediaries, institutions and individuals, and acquired Atlantic Trust, a premier U.S. private wealth management firm, in January 2014. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.
SOURCE: Atlantic Trust Private Wealth Management
For further information:
Media inquiries: Caroline Van Hasselt, Director, CIBC External Communications and Media Relations, (416) 784-6699, [email protected] or Carolyn Donnelly, Atlantic Trust Director of Marketing, (404) 881-3417, [email protected].