What is Bessemer Trust Company, NA?
Bessemer Trust Company, N.A., is a private, independent multi-family office and wealth management firm headquartered in New York City. Founded in 1907 by Henry Phipps Jr. to manage the wealth generated from his sale of Carnegie Steel, the firm has evolved from an exclusive family office into a leading institution that provides comprehensive financial advisory and management services to high-net-worth individuals, foundations, and endowments. Bessemer is structured to help clients preserve and grow their wealth across multiple generations. The firm operates as a fiduciary, offering a broad suite of services that includes investment management, estate and tax planning, and philanthropic advisory. It remains majority-owned by the Phipps family, which helps maintain a long-term, relationship-focused business model. With tens of billions of dollars in assets under management and a high client-retention rate, Bessemer is regarded as one of the most established and specialized firms in the wealth management industry.
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Yes, Bessemer Trust operates under strict fiduciary standards, meaning the institution is legally and ethically bound to act in the best financial interests of its clients at all times.
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Bessemer Trust operates as a specialized, boutique private wealth management and fiduciary firm that provides comprehensive, bespoke financial services exclusively to ultra-high-net-worth individuals, families, and charitable foundations.
Bessemer Trust is primarily known for its personalized, multi-generational approach to wealth management and family office services for high-net-worth families.