U.S. Trust

Private Banking and Wealth Managementustrust.com

U.S. Trust is a U.S. private bank, founded in 1853 and headquartered in Florham Park, NJ, serving high net worth and ultra high net worth individuals and families. Since 2007 it has operated within Bank of America's private wealth platform.

Company typePrivate
Founded1853
HeadquartersFlorham Park, United States
Headcount1,001–5,000
GTM typeB2C
OfferingServices

What U.S. Trust does

U.S. Trust is a private bank providing wealth management services to high net worth and ultra high net worth individuals and families in the United States. The firm traces its heritage to 1853 and is headquartered in Florham Park, New Jersey, with a workforce of between 1,001 and 5,000 employees. Its functional scope historically covered private banking, investment management, trust and estate services, and credit solutions tailored to affluent households.

In 2007, Bank of America acquired U.S. Trust, and the entity has since operated within the bank's broader private wealth platform. The successor surface referenced in source material is "Bank of America Private Bank — Private Wealth Solutions," indicating that the U.S. Trust brand and client relationships have been integrated into BofA's private banking franchise rather than maintained as an independent operating company.

The business model relies on relationship-based advisory for a relatively narrow, high-value client base, monetized through asset-based fees on managed wealth, plus trust administration, lending, and ancillary banking revenue. Revenue and pricing are not separately disclosed in the available source material, and customer logos, specific products, technology stack, and management team data are not provided.

U.S. Trust firmographics

Firmographics

Name: U.S. Trust
Website: https://ustrust.com
Company type: Private
Founded year: 1853
Operating status: Operating
Headcount range: 1,001–5,000 employees
Short description: U.S. Trust is a U.S. private bank, founded in 1853 and headquartered in Florham Park, NJ, serving high net worth and ultra high net worth individuals and families. Since 2007 it has operated within Bank of America's private wealth platform.
Ownership category
akta.pro rank

U.S. Trust industry classification

Industry

Product category: Private Banking and Wealth Management
NAICS: Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)
SIC: Investment Advice (6282), Finance Services (6199)
akta.pro primary industry: Ultra-High-Net-Worth (UHNW) Private Banking (FSABADAA)
akta.pro secondary industries: Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Personal & Family Trust Services (FSAAANAA), Estate Planning, Trust Structuring & Governance (FSAAADAF)

Keywords

Private banking services
Wealth management advisory
High net worth banking
Trust and estate services
Investment management

Where U.S. Trust is headquartered

Location

Headquarters

HQ city: Florham Park
HQ country: United States
HQ region: North America

Markets served

U.S. Trust business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Marketing or Sales

U.S. Trust product offering

Product offering

Core offering

U.S. Trust is a private bank that provides wealth management, investment advisory, banking, and trust services tailored to high net worth and ultra high net worth individuals and families. Following Bank of America's 2007 acquisition, the U.S. Trust offering is delivered through Bank of America Private Bank, focusing on personalized private wealth solutions for affluent client segments.

Differentiator

Problem solved

Functional benefit

Products and services

Private Banking for High Net Worth Individuals

Companies that use U.S. Trust

Customer profile

Ideal customer profiles1 record

U.S. Trust technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

U.S. Trust partnerships and signals

Strategic signal

Recent moves2 records

Expansion highlights1 record

U.S. Trust competitors and assessment

Company assessment

Direct peers

Citi Private Bank: Citi Private Bank provides wealth management, banking, and advisory services to UHNW individuals and families globally, directly overlapping U.S. Trust's private banking and trust offering.
Morgan Stanley Private Wealth Management: Morgan Stanley's Private Wealth Management division serves ultra-high-net-worth clients with tailored investment, lending, and trust/estate planning, making it a direct competitor to U.S. Trust.
Bessemer Trust: Bessemer Trust is a closely held private bank and wealth advisor specializing in HNW and UHNW families, with a particularly strong focus on trust, estate, and multi-generational planning — closely mirroring U.S. Trust's core proposition.
BNY Mellon Wealth Management: BNY Mellon Wealth Management provides investment management, banking, and trust/estate services to wealthy families and institutions, overlapping U.S. Trust's private banking and fiduciary offering.
Wells Fargo Private Bank: Wells Fargo's private banking group offers investment management, credit, and wealth planning to high-net-worth clients, directly competing with U.S. Trust for U.S. HNW households.
First Republic Private Wealth Management: First Republic built a premium private banking franchise serving HNW clients with low-cost mortgages, deposit products, and wealth management — now part of JPMorgan, it remains a direct comparable to U.S. Trust's high-touch private banking model.
Northern Trust Wealth Management: Northern Trust is a leading U.S. private bank with deep fiduciary, trust, and custody capabilities for HNW/UHNW families, making it a direct comparable to U.S. Trust's trust and wealth advisory franchise.
J.P. Morgan Private Bank: J.P. Morgan's private banking division serves HNW and UHNW individuals and families globally with lending, investing, and wealth planning services, directly competing with U.S. Trust in the U.S. ultra-wealthy segment.
Goldman Sachs Private Wealth Management: Goldman's private wealth unit provides investment advisory, lending, and banking services to UHNW clients, overlapping directly with U.S. Trust's HNW/UHNW offering and trust/estate capabilities.

Regional players

PNC Wealth Management: PNC's wealth management arm provides banking, lending, and investment services to HNW households primarily across the Eastern and Midwestern U.S., offering a regional peer comparable to U.S. Trust's national UHNW franchise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

U.S. Trust financial estimates

Financial estimate

Revenue estimate

Valuation estimate

U.S. Trust leadership team

Management profile

Number of profiles

U.S. Trust funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

U.S. Trust M&A and investment

M&A and investment

M&A

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about U.S. Trust

What does U.S. Trust do?

When was U.S. Trust founded?

U.S. Trust was founded in 1853. It employs 1,001 to 5,000 people.

Where is U.S. Trust based?

U.S. Trust is headquartered in Florham Park, United States, in the North America region.

Who are U.S. Trust's main competitors?

Direct peers on record are Citi Private Bank, Morgan Stanley Private Wealth Management, Bessemer Trust, BNY Mellon Wealth Management, Wells Fargo Private Bank, First Republic Private Wealth Management, Northern Trust Wealth Management, J.P. Morgan Private Bank and Goldman Sachs Private Wealth Management. PNC Wealth Management is listed as a regional player.

Does U.S. Trust have an API?

No public API is recorded for U.S. Trust.

What industry is U.S. Trust in?

U.S. Trust's product category is Private Banking and Wealth Management. Its primary akta.pro industry code is FSABADAA, Ultra-High-Net-Worth (UHNW) Private Banking, with a secondary code of FSAAABAF, Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight). Its NAICS code is 523991 and its SIC code is 6282.