Evercore Wealth Management, a RIA that offers tailored investment management, financial planning, and trust and custody services for HNW families, endowments and foundations, has set up a new office in Palm Beach, Florida.
The company also appointed Aldo Palles as its new managing director and portfolio manager as well as Ross Saia as managing director and wealth and fiduciary adviser.
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The pair most recently served at U.S. Trust, where they joined in 2007.
In the new role, Palles and Saia will tend to families, foundations and endowments in the Palm Beach region and report to firm partner and co-manager of the Florida offices Michael Cozene.
Palles served as a managing director and senior portfolio manager at U.S. Trust, Bank of America Private Wealth Management.
He previously also served as the CIO at Crestmark Investment Management, and as a financial adviser at GenSpring Family Offices.
Saia served as a senior vice president and senior trust officer at U.S. Trust, Bank of America Private Wealth Management. He formerly also worked at Brown Brothers Harriman & Co.
Evercore Wealth Management CEO and Evercore Trust Company chairman Jeff Maurer said: “Florida is an important market for Evercore Wealth Management and we are pleased to expand our presence to Palm Beach. Aldo and Ross are experienced professionals who share our partnership values.”
In addition to Palm Beach, Evercore Wealth Management has offices in New York, Minneapolis, San Francisco, and Tampa. The firm oversaw $7.7bn in assets at the end of June 2018.
