Company Overview
Whittier Trust Company is the largest multi-family office headquartered on the West Coast, offering independent wealth management services primarily to high-net-worth families, individuals, and foundations across the United States. With strategic locations in South Pasadena, Costa Mesa, San Francisco, Reno, Seattle, and Portland, Whittier Trust specializes in a comprehensive suite of services, including wealth management, philanthropy, real estate, investment alternatives, and trust services. Established originally as a family office in 1935, it has evolved into a leading multi-family office.
Financial Performance
The firm's latest portfolio filings show a total of 1,546 holdings, with a most recent portfolio value of $7,590,405,492 USD. Whittier Trust's annual revenue is estimated at approximately $61.7 million USD, with revenue per employee reaching $249,700. The company employs 247 people, marking a 6% increase in its workforce, indicative of its expanding operations and market presence.
Leadership and Management
Leadership Team and Board of Directors
- David A. Dahl, CEO and President: With over 20 years at the helm, Dahl oversees the company's operations, guiding strategic direction and service delivery.
- Jeff R. Treut, Vice President, Client Advisor, and Head of Business Development: Based in Pasadena, Treut plays a crucial role in client relations and expanding the client base.
- Liam J. McGuinness, Executive Vice President & CFO: Responsible for financial management and compliance, McGuinness brings over 20 years of financial services experience and holds a degree from Bucknell University.
The Board of Directors consists of members with significant expertise in finance and business:
- Michael J. Casey (Chairman)
- Paul A. Cantor
- Robert L. Levy
- William E. Ramsey
- Ronald R. Zideck
Recent Developments
In line with its growth strategy, Whittier Trust recently appointed Robert LeBeau as Senior Vice President and Client Advisor in their Reno office, enhancing their leadership to better serve their diversified client base.
Locations
Whittier Trust operates from several key locations across the United States, including:
- South Pasadena, CA
- Costa Mesa, CA
- San Francisco, CA
- Menlo Park, CA
- Newport Beach, CA
- West Los Angeles, CA
- Reno, NV
- Seattle, WA
Additional offices include Whittier Trust Company of Nevada, Inc. locations in Austin, TX, and Reno, NV, broadening their geographic footprint.
Strategic Insight and Competitive Positioning
Whittier Trust emphasizes tailored financial solutions through personalized wealth management. Its strategic presence in major economic hubs facilitates access to a diverse clientele. The leadership, led by seasoned executives like David Dahl, is committed to sustaining growth and excellence in client service. The firm's competitive edge lies in its comprehensive suite of services, robust portfolio, and strategic investments. Positioned among industry giants like Morgan Stanley Private Wealth Management and Bessemer Trust, Whittier Trust distinguishes itself through its dedication to personalized family office services and a strong foothold in the West Coast market.
Key Competitors
Whittier Trust faces competition from several key players, including:
- Rockefeller Capital Management: Renowned for managing family offices and comprehensive financial services.
- Fiduciary Trust International: A subsidiary of Franklin Templeton, noted for personalized investment management for high-net-worth clients.
- Wilmington Trust: Part of the M&T Bank Corporation, it offers wealth advisory and investment services.
- Cambridge Trust: Following a merger with Eastern Bank, it stands as Massachusetts's largest bank-owned independent investment advisor.
- Renters Warehouse: Specializes in residential property management, offering investment opportunities in single-family rentals.
Whittier Trust continues to enhance its reputation as a premier wealth management firm, providing expert guidance and bespoke financial solutions tailored to affluent families and individuals.
