San Francisco, CA.
Family Wealth Advisors Wins Best Newcomer Award in the Wealth Management Industry
Steve Prostano, Head of Family Wealth Advisors, Awarded Outstanding Contribution Award
Bank of the West announces that Family Wealth Advisors, a division of Bank of the West’s Wealth Management Group focused on serving and providing solutions to ultra-high-net-worth individuals, families, family offices, and family foundations, has won the “Best Newcomer” award from Private Asset Management Magazine’s (PAM) 2016 Awards. Additionally, PAM has selected Bank of the West’s Steve Prostano, Head of Family Wealth Advisors, to receive the “Outstanding Contribution” Award. Now in its sixth year, the PAM Awards recognize those individuals and companies who have successfully serviced high-net-worth individuals in an increasingly complex wealth management environment.
“We provide clients with products and services that span a full spectrum of wealth management options, and Family Wealth Advisors provides a breadth and depth of capabilities for the ultra-high-net-worth segment of clients, who often have the most complex financial needs,” said Pierre Ramadier, senior executive vice president and head of the Wealth Management Group at Bank of the West. “We are pleased to have someone of Steve’s caliber and experience driving Family Wealth Advisors and are proud to be recognized by the PAM Awards.”
The first award, “Best Newcomer” in wealth management, recognizes Family Wealth Advisors. The initiative was launched in 2015 to provide wealth planning, global investment management and consulting, strategic philanthropy and purpose investing, family enterprise solutions and other specialized services to Bank of the West’s wealthiest clients. A collaborative, strategic approach to wealth management that taps resources from parent company BNP Paribas, Family Wealth Advisors offers global services and capabilities on a local level in order to develop and implement a family’s strategic wealth management plan.
About Bank of the West Wealth Management Group:
Bank of the West Wealth Management provides wealth planning, investment management*, personal banking, philanthropy, and trust services. The group is part of BNP Paribas’ global wealth management business of more than 6,300 professionals in 30 countries worldwide with more than $10 billion** in assets under management in the United States and €327 billion ($356 billion) in assets under management globally as of December 31, 2015.
About Bank of the West:
Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with $75.7 billion in assets as of December 31, 2015. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with 185,000 employees.