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COPPERTREE LTD. ESTABLISHES NEW YORK OFFICE; APPOINTS CATHERINE E. KINSEY
President and Principal
CINCINNATI, OH –March 28, 2008 – Coppertree Ltd., a private multi-family office, announced today the establishment of a New York office at 366 Madison Avenue. The company has appointed Catherine E. Kinsey President and a principal shareholder, and she will be based in the New York office.
Coppertree Ltd. was established in Cincinnati by founder and CEO, Mark Casella, in 2005 to serve clients there and throughout the United States. The company’s growth projections supported the establishment of a New York office to handle a broader scope of clientele. “Our holistic approach to family office services has provided a level of differentiation in our work that has been key to our growth”, noted Mark Casella, CEO and Founder. “Through our unique approach as objective, independent advisors, we become much more than just another trusted advisor to the families we serve; we become their confidante and intermediary”, he continued.
Ms. Kinsey joined Coppertree as a consultant in 2007. She has both global skills in multi-generational family operations as well as structure and a strong history of executive leadership and years of experience in family wealth management, intergenerational transfer, family office management, investment banking and strategic planning.
Previously, Ms. Kinsey was a consultant for an offshore multi-billion dollar family business operation comprising the family office and its many businesses engaged in hedge funds, retail operations and television broadcasting. Ms. Kinsey provided advisory services including executive operations and the design, plan and emplacement of a 100-year-strategic plan for the family and its businesses to include multiple generations.
In her 30 year career, Ms. Kinsey has held positions as the Global Head of Client Educational Activities at JPMorgan Private Bank, COO of Circle Financial Group, Managing Director of GEM Capital Management, Inc., CFO of Upland Holdings, and a Principal of L. F. Rothschild & Co.
About Coppertree Ltd.
Coppertree Ltd. is a private multi-family office practice dedicated to providing entrepreneurs, wealth holders, wealth creators and their families with services that include everything from strategic planning to the quotidian details of operations management, as well as emplacing and managing family governance and family value recognition systems for the human, intellectual and financial capital of ensuing generations. For more information about Coppertree Ltd., go to www.coppertreeltd.com.
Family Governance White Paper
The goal of this article is to help families understand the benefits of creating family governance systems, and to set forth a general approach to the family’s governance organization. It is the first in a series of three articles from Coppertree Ltd. that, taken together, outline key, strategic practices toward building family legacy.
Family Constitution White Paper
This article introduces our philosophy around creating the values and mission-based family constitution to outline family governance policies and procedures. It offers an explanation of the constitution’s role in multi-generational wealth preservation, and suggests a practical strategy for initiating, drafting, and maintaining this important document as a touchstone of family collaboration.
Please contact Jenny Luken at jenny.luken@coppertreeltd.com or 513-579-3531 for copies of these White Papers.
MAY 1, 2008
BNY Mellon’s Wealth Management Conference
New York City
Coppertree Ltd., Founder and CEO, Mark Casella, will participate in a panel discussion on May 1st for BNY Mellon’s Wealth Management Conference,
“Getting it Right: Best Practices for Family Offices.” Day one of the conference will consist of keynote addresses on the subject of philanthropy and its changing landscape. Day two will feature a series of discussions on Family Office practices. Mark will talk about the role that Family Governance plays in mitigating family and business risk. His fellow panelists include Jeffrey Davidson of Taubman Asset Management and Linda Bourn of Marsh Private Client Services Family Office Practice.
JUNE 18, 2008
Family Office Forum
Chicago, IL
Mark A. Casella, CEO and Chairman, Coppertree Ltd. and Katie Kinsey, President and Partner, Coppertree Ltd will be featured speakers on June 18, for Family Office Forum Connecting Families, Family Office Executives & Advisors to Manage Wealth Across Generations in Chicago. Their topic is: Creating Effective Family Mission Statements To Shape the Family Legacy.
SEPTEMBER 23, 2008
Campden Family Office Conference
Boston, MA
Katie Kinsey, President of Coppertree Ltd will participate in a panel discussion in Boston, September 23, for Campden Family Office Conference, “Managing the Boundary between The Family and the Family Office”. She will specifically address the issue of how to empower the family to be dynamic stewards and beneficiaries of their wealth.
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Cincinnati Enquirer 2008 LOOK WHO'S TALKING Mark A. Casella, Coppertree Ltd.
A scion of one of the country's wealthiest families just released a controversial documentary examining a growing disparity between the rich and the working class, and clashes with his father and other rich folks in the process. In downtown Cincinnati, Mark A. Casella runs Coppertree Ltd., a "family office" - a kind of advisory service to the wealthy - that is one of a growing number of firms that helps the ultra-rich preserve family prosperity.
WHAT DOES Coppertree do?
We attempt to help the family find who they are, what their vision is and what the principles are that lead to a mission statement for the family and then a set of rules that they all agree to that they abide by. We call it a constitution. Our job is to try to help the family to identify what the perfect ideal state looks like somewhere out in the future.
SO YOU DON'T manage money for families?
We are not money managers per se, but what we'll do is counsel families on the investment-management consultant that fits best with what the family's overall vision for itself is. So we will introduce them to the consultants who will in turn help them with their investment asset allocations and then ultimately the money managers who will be hired to manage the family's wealth.
WHAT IS IT THAT wealthy families don't know about how to handle their own money?
I always used to think that we were all interested in making more money, but these families have achieved such extraordinary levels of success that it's not about the money. It's typically, "I don't want our wealth to ruin our children or grandchildren."
WHAT IS IT ABOUT wealth that average people don't understand?
I think many people in our world are concerned about being secure and therefore aren't as willing to take the kinds of risks that most entrepreneurial-type folks have taken at one point or another in their life.
JAMIE JOHNSON, THE great-grandson of the founder of Johnson & Johnson, made a documentary about disparities between the very rich and the middle class. Does that make people at the upper end uncomfortable?
I don't get the sense that there's a shame to the level of wealth that they have relative to the people that they've lived around in their neighborhoods all their lives. What I found interesting in the interviews that he conducted with his
friends. ... It was always on the money. What I did not hear was how are you
as a family trying to enjoy life, how are you trying to be a part of your community.
BUT YOU UNDERSTAND why a guy who makes 50 grand a year is so interested in what a guy who is worth $500 million thinks about money, right?
Sure. The question is, "How did he do that?" There is a family that I read about that is worth about $1 billion and the entrepreneur was in a white-collar job and ultimately bought the company. But he was no different in his $50,000 job than you or me. The difference was that he saw an opportunity, and he was willing to take a risk.
Cincinnati Business Courier 2008 COPPERTREE OPENS NEW YORK OFFICE
Coppertree Ltd., a private firm that manages affairs for wealthy families, announced Friday it is establishing a New York office and appointed Catherine Kinsey as president and a principal shareholder to be based there.
Coppertree is opening the office, on Madison Avenue, to handle a broader scope of clientele. The firm was established in downtown Cincinnati in 2005 by founder and CEO Mark Casella to service wealthy families here and throughout the United States. The firm, known as a "family office," manages investments, personal services and planning issues for well-to-do families. A traditional family office provides such services as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, and legal affairs. Such "family offices" typically cater to one family, but Coppertree is designed to serve several.
Kinsey became a consultant at Coppertree in 2007. Prior to that she served as a consultant for an off-shore, multibillion-dollar family business. Earlier positions in her 30-year career include the global head of client educational activities at JP Morgan Private Bank, chief operating officer of Circle Financial Group, managing director of GEM Management Inc., chief financial officer of Upland Holdings and a principal at L.F. Rothschild & Co.
Business Courier of Cincinnati
- by Kyle Zemanek Courier contributor
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