a private independent office that oversees more than 106 billion for 2 300 families foundations and endowments . 1 bessemer trust . contents 1 history and family ownership 2 company 2.1 lindsay goldberg & bessemer 2.2 recognition 3 see also 4 references history and family ownership edit in 1907 henry phipps jr. 1839 1930 of the phipps family which still owns and directs bessemer trust started bessemer trust as a family office to manage money he earned from his sale of carnegie steel which he founded with andrew carnegie . in 1974 the phipps family began allowing other select wealthy families to use bessemer trust s family office capabilities . this allowed the firm to maintain the size required to attract potential staff and investments . 2 the current chairman of the board of directors is the great grandson of henry phipps stuart s. janney iii 3 who succeeded ogden mills phipps in 1994 . 4 company edit bessemer trust s headquarters are in new york city . the firm has 17 regional offices located in atlanta boston chicago dallas denver long island garden city ny greenwich houston los angeles miami naples palm beach san francisco seattle washington d.c. wilmington and woodbridge nj . international offices are located in the cayman islands and london . 5 bessemer trust manages wealth totaling 106 billion dollars 90 % of which comes from their 2 300 clients . with a client retention rate of 98.4 % 6 the firm holds on to significantly more of their clients than the industry wide average of 95 % . 7 clients must have at least 10 million to expect a full range of services from bessemer trust . 6 lindsay goldberg & bessemer edit in 2001 bessemer trust entered into a partnership with morgan stanley s alan goldberg to form lindsay goldberg & bessemer a middle market private equity firm . prior to the founding of lgb bessemer trust s robert lindsay was responsible for making private equity investments . 8 recognition edit bessemer trust won three notable awards in the 2014 family wealth report the yearly report from an organization that evaluates and ranks wealth management firms . the awards bessemer trust won include best national multi family office and best fund manager . 9 see also edit official website bessemer trust on barron s references edit overview . bessemer trust . retrieved 2015 09 08 . bessemer public new our heritage . www.bessemertrust.com . retrieved 2016 03 26 . phipps family . forbes . retrieved 2016 03 26 . annual report 2004 pdf . bessemer trust . retrieved 2015 09 08 . contact us . bessemer trust . retrieved 2015 09 08 . a b johnson hilary . bessemer trust . www.barrons.com . retrieved 2016 03 26 . johnston william january 2014 . greenleaf trust newsletter pdf . greenleaf trust . robert demarest lindsay executive profile & biography businessweek . businessweek.com . retrieved 2016 03 26 . family wealth report . wealth briefing . retrieved from https en.wikipedia.org w index.php title bessemer trust & oldid 737719627 categories banks based in new york citycompanies established in 1907 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa olfran ais edit links this page was last modified on 4 september 2016 at 16 52 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view