CLEVELAND, Oct. 12, 2017 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), today announced it has received the Wealth Management "Family Office – Client Initiative" Industry Award, as determined by a panel of industry-leading judges representing WealthManagement.com.
This distinct honor recognizes outstanding achievement in the wealth management industry, as well as the new initiatives offered by Key Family Wealth, the family office arm of Key Private Bank, to enhance the family office client experience, including Family Wealth Consulting, Business Value Optimization, Legacy Planning, Family Education, Private Foundation and Accounting Support services.
"We are honored to be recognized by WealthManagement.com for our innovations in new, client focused offerings that help our largest and most complex families," said Terry Jenkins, president of Key Private Bank. "Key Family Wealth has a long-established culture of delivering exceptional wealth management and advisory services to families, and we're thrilled that this business is being acknowledged by the industry."
The judging process consisted of a panel of private banking sector experts, including trusted advisors and consultants. Success is based on quantitative measures, including the initiative's scope and scale, as well as qualitative measures, such as innovation and creativity.
"Being recognized for our family office initiatives showcases our commitment to providing industry-leading service to families. Our strategies are developed through a multi-generational lens that reinforces family values and focuses on the long-term protection and preservation of wealth. We look forward to growing and enhancing our service offerings further in 2018," said Gary Poth, head of Key Family Wealth.
Key Family Wealth's mission is to deliver proactive, personalized expertise and advice by combining the market insights of local advisors with a national team of wealth and investment strategists. Advisors may also leverage partnerships with business banking and capital markets teams to build customized wealth plans tailored to meet each client's specific need.
About Key Private Bank
Key Private Bank is a leading provider of wealth management solutions and advice for 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 local advisors with a national team of wealth and investment strategists to deliver proactive and personalized advice and expertise 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 across 15 of the United States. Key Private Bank has $38.7 billion in AUM and $35.7 billion in AUA at September 30, 2017.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $135.8 billion at June 30, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. 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.