The Whittier Trust Company of Nevada, Inc. (WTC-NV), an independent wealth management company serving high-net-worth families, individuals and foundations across the United States, has promoted Jay Karpen to Assistant Vice President, Investments at the firm’s Reno location.
In this new role, Karpen supports the Senior Portfolio Managers with constructing and managing client portfolios across equities, fixed income and alternative assets. He also serves on the alternatives team that sources, performs due diligence, selects and advises on outside investment managers.
Karpen was previously an Investment Manager at City of Hope, where he helped oversee a $3 billion portfolio across asset classes, including global equities, fixed income, private equity, real assets and hedge funds. Prior to City of Hope, he was the Treasurer and Manager of Alternatives at M. Safra & Co. Inc., a multibillion-dollar family office in New York.
“We’re thrilled to welcome Jay into his new, enhanced role at our Reno office,” said Bill Ramsey, President of Whittier Trust Company of Nevada, Inc. “Jay’s expertise in investment analytics paired with his excellent work ethic and dedication to his work will greatly benefit all new and existing Whittier Trust clients.”
Karpen graduated cum laude from Connecticut College with a dual major in economics and government. He is a CFA® charterholder and is currently on the finance committee of the Terry Lee Wells Nevada Discovery Museum.
About Whittier Trust:
Investment and Wealth Management Services are provided by Whittier Trust Company (WTC) and The Whittier Trust Company of Nevada, Inc. (WTC-NV) (referred to herein individually and collectively as “Whittier Trust”), state-chartered trust companies wholly owned by Whittier Holdings, Inc. (“WHI”), a closely held holding company. WTC-NV will be doing business as Whittier Trust in the State of Oregon. WHI may utilize the services of its subsidiary, Belridge Capital, LLC, an SEC registered investment advisor, to provide sub-advisory services for certain accounts and proprietary private fund investments. Whittier Trust is the oldest and largest private multi-family office headquartered on the West Coast and has been serving Nevada since 1995. Whittier Trust’s wealth management platform serves over 420 families and 30 foundations throughout the U.S. with over $13 Billion in assets. WTC-NV offers a Nevada Trust Situs with greater flexibility, optimal tax savings and maximum protection in their financial and estate planning. With an industry leading client-to-advisor ratio of 20-to-1, Whittier’s areas of expertise include Investment Management, Trust Services, Family Office, Philanthropic Advisory Services, Investment Consulting, and Real Estate & Energy. WTC has offices in Los Angeles, San Francisco and Orange County. WTC-NV has offices in Reno, Seattle and Portland. To learn more, visit http://www.whittiertrust.com.
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