Wilmington Trust has snagged the former head of Wealth Advisory Services at Lazard Wealth Management to build its growing practice in the New York metropolitan region, the wealth advisor announced Thursday.
Sharon Klein joined Wilmington Trust as managing director of Family Office Services and Wealth Strategies. She will work with clients and prospects to integrate financial planning with investment management, Klein said in a telephone interview.
Wilmington Trust created the new position in response to the firms growing presence and growing number of clients -- in the New York metro area. The merger with M&T Bank nearly two years ago helped increase the number of clients, Klein said.
Particularly with the merger with M&T Bank, theres a lot of synergies with their client base and with us, she said.
Wilmington Trust, which is part of M&T Bank, has about 27 investment professionals, private client advisors and relationship managers serving the New York area. The team provides a slew of wealth management services, including investment management, wealth strategies, private banking, family governance and trust capabilities, Klein said.
While at Lazard Wealth Management, Klein served as managing director and head of Wealth Advisory Services. Before that, she led the Estate Advisement department at Fiduciary Trust Company International and was special counsel in the Trusts and Estates department at Rosenman & Colin (now Katten Muchin Rosenman LLP).
Sharon is a great addition to our New York team as she brings her leading expertise in the trusts and estate business to our clients, Larry Gore, Wilmington Trusts New York president, said in a statement.
Wilmington Trusts commitment to the trust business and its caliber of people were the top reasons that attracted Klein to the new firm, she said. She was also enthusiastic about the firms merger with M&T Bank, which she said lends huge resources and support behind Wilmington Trusts efforts. The merger, she said, made for a great combination of a revered name in the trust business with the responsibilities and capabilities of a very large bank.
Im delighted to be here, and Im looking forward to helping grow the business further, Klein said.