Stephen Prostano Headlines Ivy Family Office Network New York City Forum

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Stephen Prostano discusses “The State of the Family Office Industry” at the February 21st Ivy Family Office Forum.

As more family offices start, others merge for scale. As we continue through this stage of flux, one should consider senior management's ability to manage through periods of mergers and re-organizations, besides product offerings.

Stephen Prostano headlined the Ivy Family Office Network New York City Forum with a discussion on “Trends in Family Offices“. The Forum was held on February 21st in New York City, NY.

According to Mr. Prostano, “The family office industry is highly fragmented with less than 5% of ultra high net worths being serviced by the top 20 providers and wirehouses. There is a diversity of services being offered to Ultra High Net Worths from these providers that continue to become more robust with a diverse approach towards charging for such services.“

Moreover, “The operational aspects of running these family offices are complex with increasing regulatory aspects. To cover complexity and increasingly diverse product offerings, a state of the art platform is required. And as more family offices come into being, others merge for scale. As the industry continues through this stage of flux, one should consider the capabilities of the senior management to manage their way through periods of mergers and re-organizations into new platforms besides the product offerings of the firm.”

Other speakers on the panel included Thomas Watts of Watts Capital and Ron Sylvestri of Quail Ridge Asset Management.

Stephen Prostano is a recognized thought leader and change agent in the multi-family office and global financial services industries. Mr. Prostano joined Silver Bridge in 2006 and served as its Chief Executive Officer through November 2012 and Silver Bridge became a nationally recognized brand and leader in the wealth management industry. Total client assets under advisement and management more than doubled to approximately $3.4 billion, which included the launch of Silver Bridge Family Office Partners in September 2010.

Prior to joining Silver Bridge, Mr. Prostano was President and Chief Operating Officer of Atlantic Trust. Assets under management increased from $7 billion to $17 billion under Mr. Prostano’s leadership.

As President and Chief Operating Officer of Chase’s divGlobal Asset Managementision, Mr. Prostano was responsible for the overall strategy and management of five global businesses which under his leadership doubled in size to more than $220 billion in assets under management. He also created and launched the firm’s Institutional Asset Management and Investment Advisory businesses.

Mr. Prostano is a Certified Public Accountant with a law degree cum laude from the University of Miami. He received his LL.M degree in Taxation from Boston University Law School and graduated magna cum laude from Boston College with a B.A. in Economics and Philosophy.

Mr. Prostano is a member of the AICPA, MSCPA, MBA and CBA, serves on the Board of the Boston College Wall Street Council, and is a member of the Business Advisory Council of the Boston College Law School, the National Committee for Fiduciary Standards, and the Boston Estate Planning Council. He is also on the Board of Overseers of Boston’s Institute of Contemporary Art.

The Ivy Family Office Network Forum is part of an ongoing dialogue with family offices to provide high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.

About The Ivy Family Office Network

The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending their events around the Americas within the past 12 months. Some of the more than 1,000 past speakers have included 5 of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.

IvyFON’s expertise is an outgrowth of one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus originated as a peer to peer private equity, real estate and hedge fund network consisting of Ivy League alumni and other participants who attended more than 50 globally comparable programs or through merit are worthy participants in the program.

Additionally the network supports deal networks across multiple disciplines including private equity and real estate. More than 10,000 investment, family office and institutional investment professionals have attended forums globally. For more information on the Ivy Family Office Network, go to ivyfon.com/contact.html.

To contact Stephen Prostano, you can email spro375@aol.com or call (914) 980-9930

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