People On The Move
Richard P. Trumpler has joined New York Private Bank and Trust as managing director. He is responsible for building out the New York City-based firm's Private Label Special Services division, formed in 2007 to provide trust and philanthropic services to financial advisory firms. Trumpler previously was CEO of the banking services division of Concord Wealth Management, a New Jersey firm that outsources wealth management services to banks.

"The addition of Dick Trumpler to our management team will enable NYPB&T to implement significant growth strategies on a national scale, including the introduction of private-labeled trust services to investment advisors and law firms whose clients need the services of a highly qualified corporate trustee," said Howard P. Milstein, New York Private Bank's Chairman.

Laura Weintraub Beck has joined Wiggin and Dana LLC as an attorney in the firm's Stamford, Conn., office. Beck specializes in estate planning, including business succession and planning for real estate holdings, estate administration, probate litigation and trust administration. Beck was an attorney with Cummings & Lockwood, with offices in Connecticut and Florida, for over six years. Two former partners of  Cummings & Lockwood, Daniel L. Daniels and David T. Leibell, joined Wiggin and Dana as partners in the Stamford office in October.  

Andrew C. Zimmerman has joined The Haverford Trust Company as vice president and fixed-income portfolio manager.
Prior to joining Haverford, Zimmerman was partner and chief investment officer of Allegiance Capital Customized Investments, where he was responsible for directing the company's fixed-income investment strategy. Before that he spent 14 years at Evergreen Investments, most recently as managing director of the Customized Fixed Income Group. Haverford, with more than $6 billion in assets under management, is based in Radnor, Pa., and includes the trust company, Haverford Financial Services Inc. and Haverford Investment Management Inc.

How Many Million?
How much does it take to be rich? If the measure is money, the answer is $5 million in investable assets. At least that's the finding of a survey of affluent households by the Spectrem Group.

In the survey, which defined affluent households as those with investable assets of $500,000 or more, 45% of respondents chose $5 million, 25% selected $25 million, and 8% picked $100 million. Only 22% said $1 million is enough to be rich.
The data are based on 253 telephone interviews conducted in December, with a margin of error of plus or minus 6.2 percentage points.

Wealth Advisor Conference
The Wealth Advisor Institute is sponsoring the Wealth Advisor Summit, a conference for advisors, accountants, attorneys, estate planners, insurance professionals and tax planners who serve affluent clients. The two-day conference will be held March 18-19 at the Balboa Bay Club and Resort in Newport Beach, Calif., and will offer sessions on topics of interest to wealth advisors.

Among others, speakers will include Mark Cohen, founder and senior partner of Cohen & Burnett, on "Breaking Preconceived Notions - How the Accountant, Attorney, and Financial Planner Can Collaborate to Provide Unparalleled Services and Advice to High-Net-Worth Clients"; Jeffrey Dunham, president and founder of Dunham Funds, on "Turning Predators into Allies: Trust Companies - Friend or Foe?"; and Rob Arnott, chairman of Research Affiliates, on "Fundamental Indexing vs. Cap-Weighted Indexing? What's all the Fuss About?"

The attendance fee for the Summit is $399 for WAI members and $499 for others, who will receive a $100-credit toward WAI dues if they sign up at the conference for membership. Register online for the Wealth Advisor Summit at or call (202) 223-2633.