CLEVELAND, March 1, 2016 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE: KEY) has been recognized by Private Asset Management magazine (PAM) as the "Best Private Wealth Manager—Client Service" among wealth managers with more than $5 billion in assets under management. PAM is a leading publication that reports on the wealth management and family office industry. This distinct honor highlights Key Private Bank's commitment to client service in the high-net-worth market. Four firms were shortlisted for this award, based on an evaluation of client retention, client longevity, client growth and overall financial stability.
"We are honored to be recognized by Private Asset Management for our leading capabilities in client service," said Terry Jenkins, president of Key Private Bank. "That commitment to client service excellence is the hallmark of our business, and we continue to enhance our client experience and service model in 2016."
Key Private Bank's mission is to deliver proactive and personalized expertise and advice by combining local market insight, wealth management expertise, business banking and capital markets capabilities to build customized wealth plans tailored to meet each client's needs.
About Key Private Bank
Key Private Bank is a leading provider of wealth management solutions and advice to more than 24,000 high-net worth and ultra-high-net worth clients, including wealth advisory, investment management, trust administration, customized credit, family office and private banking services. Key's wealth management platform combines the market insights of advisors located in each local market with a national team of wealth and investment strategists to deliver proactive and personalized expertise and advice to clients. Advisors also leverage partnerships with Key's business banking and capital markets teams to build wealth plans tailored to meet each client's specific need. Key Private Bank's wealth management platform is delivered by nearly 300 wealth advisors, located in 44 offices in 13 states across the United States. Key currently has $44.9 billion in AUM and $36.6 billion in AUA.
KeyCorp (NYSE: KEY) was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $95 billion at December 31, 2015. Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of KeyBank N.A. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.