By Thomas Coyle
Of DOW JONES NEWSIRES
Wilmington Trust Corp. (WL) has hired former multifamily-office
executive Linda Bourn as a managing director of its family-office
focused Wealth Advisory Services business. Though based in New
York, she will work with the trust company's family-office clients
throughout the U.S.
Wilmington Trust Wealth Advisory Services provides financial and
risk management, tax and accounting services, investment oversight
and reporting, and lifestyle-management services along with
personal-trust, estate-planning services.
Bourn comes to Wilmington Trust from Princeton, N.J.-based
OmniVest Group - formerly Clearbrook Partners, a multifamily office
that broke away from investment-platform provider Clearbrook
Financial in the first quarter. Prior to joining Clearbrook
Partners in May 2008, she was family-office practice leader at
consulting firm Marsh & McLennan Inc. (MMC).
Mark Graham, head of Wilmington Trust Wealth Advisory Services,
says finding advisors as experiences as Bourn in working with
ultra-wealthy families is a tall order - a sentiment echoed by
recruiters who specialize in finding professional staffers for
private and commercial family offices.
Wilmington, Del.-based Wilmington Trust has offices in 16 states
as well as in Europe and the Cayman Islands.
-By Thomas Coyle, Dow Jones Newswires; thomas.coyle@wsj.com