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.

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