Chilton Investment Co. has launched a trust unit to work with ultra-wealthy individuals.

The Stamford, Conn., based company, which has $6.5 billion in assets under management, opened Chilton Trust Management LLC in Palm Beach, Fla., on Monday. The unit will provide full-service, private wealth management services including: asset allocation advice, portfolio management, which will include separately managed accounts, tax advice and trust and estate planning.

Garrison Lickle was named president and chief executive officer of Chilton Trust. He was regional president of Lehman Brothers Trust Co. and managing director of Lehman Brothers and Neuberger Berman, and joined Barclays Wealth as managing director after Barclays bought Lehman.  

Prior to Lehman, Lickle was chairman and CEO of U.S. Trust Co. of Florida, which was also based in Palm Beach.

Richard L. Chilton, Jr., the chairman, CEO & chief investment officer of Chilton Investment Co., will also serve as chief investment officer of Chilton Trust.

In addition to Lickle, the other members of Chilton Trust’s senior management team include: John Rau, a trust and estate attorney and wealth management professional for over 25 years, who was hired as a senior vice president; and Mary Morse, who worked with Lickel at U.S. Trust and later at Lehman/Barclays, was hired as a senior vice president. Paul Napoleon, an experienced tax professional with over fifteen years of experience serving as a tax advisor for high net worth individual clients, will join the team as a senior vice president on Nov. 15.

Chilton also announced that, as part of the formation of Chilton Trust it will integrate family office services into this venture, under the leadership of Lisa Czachor, director, and Kellie Zesch, vice president. The Chilton family office is comprised of five investment and accounting professionals.