Brandywine Creek Brandywine Trust Group, LLC, a multifamily office, which manages over $10 bn, is located within a few minutes from the Brandywine Creek, where General George Washington lost a critical battle against the British Army. This defeat resulted in the fall of Philadelphia, then the American capital. Today’s Brandywine Creek is a picturesque national park as shown in the picture above. Most of you have never heard of Brandywine because it was secretive and selective. It was established in 1992 by David C. Patterson, Matthew Davidson and Richard Carlson to manage the wealth of 4 founding families under one umbrella. Brandywine believes that, by managing the wealth of a limited number of families, it can deliver better fiduciary solutions and investment returns. Compared to a single-family office, Brandywine has much more resources and can hire more talents as it can offer its employees a carrier at Brandywine as well as a more attractive compensation package. Single-family offices struggle to maintain good talents because the chance to become a leader in a single-family office is limited. By limiting the number of families it serves, Brandywine also avoids the risk of becoming too institutionalized. In the United States, there are multifamily offices that manage much larger assets for more than 100 families, such as Bessemer Trust ($86 bn for more than 2,500 families), however, the economy of scale does not work well for families as alignment of interests between the family officer manager and clients will be diluted.
Preserving Legacy for Families
Preserving Legacy for Families
Preserving Legacy for Families
Brandywine Creek Brandywine Trust Group, LLC, a multifamily office, which manages over $10 bn, is located within a few minutes from the Brandywine Creek, where General George Washington lost a critical battle against the British Army. This defeat resulted in the fall of Philadelphia, then the American capital. Today’s Brandywine Creek is a picturesque national park as shown in the picture above. Most of you have never heard of Brandywine because it was secretive and selective. It was established in 1992 by David C. Patterson, Matthew Davidson and Richard Carlson to manage the wealth of 4 founding families under one umbrella. Brandywine believes that, by managing the wealth of a limited number of families, it can deliver better fiduciary solutions and investment returns. Compared to a single-family office, Brandywine has much more resources and can hire more talents as it can offer its employees a carrier at Brandywine as well as a more attractive compensation package. Single-family offices struggle to maintain good talents because the chance to become a leader in a single-family office is limited. By limiting the number of families it serves, Brandywine also avoids the risk of becoming too institutionalized. In the United States, there are multifamily offices that manage much larger assets for more than 100 families, such as Bessemer Trust ($86 bn for more than 2,500 families), however, the economy of scale does not work well for families as alignment of interests between the family officer manager and clients will be diluted.