Former Wilmington Trust Directors Form Inlet Private Wealth

Ted Furniss and Victoria Peaper announced Tuesday the launch of Inlet Private Wealth in Jupiter, Fla.

Inlet Private Wealth is an independent registered investment advisor offering investment, trust and estate services to families and individuals.

Furniss and Peaper formerly worked as managing directors at Wilmington Trust, a subsidiary of M&T Bank Corporation, in North Palm Beach, Fla., where they managed an aggregate of $1.5 billion.

Peaper is now the chief executive officer and Furniss is the chairman and chief investment officer.

Inlet Private Wealth will use TruClarity’s services to assist the firm in its transition to independence. TruClarity will provide human resources, real estate, legal, compliance, payroll, billing and marketing functions.