Thursday, May 01, 2008

This Private Bank is "Members Only"

Fieldpoint Private Bank and Trust just opened in Greenwich, CT. Founded by a group of wealthy investors, including three former Merrill Lynch CEO's, Fieldpoint's announced aim is to recreate the good old days when organizations such as U.S. Trust were young and flourishing.

With one apparent difference: No uncouth rich Russian will be able to walk in and establish a relationship. Fieldpoint is described as "members only." In addition to rudimentary manners and clean fingernails, Fieldpoint members will be required to possess at least $10 million in investable assets.

For more about Fieldpoint's founders, see this Investment News story from last December.

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