Independent multi-family office founded in 1907, combining investment management with trust, estate and tax advice for wealthy families.
New York, United States
Upon request
Founded 1907
About Bessemer Trust
Bessemer Trust was founded in 1907 to manage the fortune of Henry Phipps, a partner of Andrew Carnegie, and has since opened to other families. Headquartered in New York, it is a privately owned multi-family office that combines investment management with trust administration, estate and tax planning and family office services.
Known For
- Origins as the family office of Henry Phipps, still privately owned
- Trust company structure, acting as trustee and executor for client families
- Integrated estate, tax and philanthropic planning alongside portfolio management
- Network of regional offices across the United States
Typical Mandate
Bessemer's clients are families, foundations and endowments who want a single firm to manage investments and act as fiduciary. A typical relationship includes a discretionary portfolio, the administration of family trusts with Bessemer as trustee or co-trustee, coordinated estate and tax planning with the family's lawyers, and reporting across entities. The firm does not run an investment bank or sell proprietary transaction products.
How to Engage
Families typically reach Bessemer through a lawyer, accountant or existing client, though the firm's website lists offices that can be contacted directly. Bessemer works with a minimum relationship size that it discusses in the first meeting. Prospective clients should be prepared to share an overview of assets, existing trusts and planning goals.
Frequently Asked Questions
Is Bessemer Trust a bank?
Bessemer operates as a trust company and multi-family office. It manages investments and acts as fiduciary, but does not offer the retail or investment banking services of a universal bank.
Who owns Bessemer Trust?
The firm remains privately owned and grew out of the family office of Henry Phipps, which was established in 1907.
Does Bessemer act as trustee?
Yes. Serving as trustee or co-trustee of family trusts is central to its model, alongside investment management and estate planning.
Last reviewed: October 2026. Curated by Trophy Registry from public sources and industry references.
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www.bessemertrust.com/
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