New solution launched to help clients sell high-asset estates and trust-owned properties

New solution launched to help clients sell high-asset estates and trust-owned properties
Family offices among intended users of first-of-kind operation.
AUG 06, 2024

A world-renowned luxury auction and real estate brand is focusing on the great generational wealth transfer with a new division to help wealthy clients sell high-asset estates and trust-owned properties.

Christies International Real Estate Group, headquartered in New York City, has launched its new Trusts and Estates Division, to advise on the sales aspects along with all the complex related services required by attorneys, executors, trustees, heirs, and family offices.

"The real estate market is on the precipice of the greatest generational wealth transfer in history,” said Howard Morrel, co-founder of the new division. “Attorneys and their clients are swamped with complex issues, new demands, and stunning new valuations. This launch is strategically timed to be at the forefront of this moment.”

Through its ties to the Christies auction house business, the new division will also advise on the sale of luxury art and collectibles and distribution of goods to beneficiaries.

“I think the industry will recognize this move as a natural extension of Christie’s unmatched work in both fine art and luxury real estate—and a necessary response to this unique moment,” said Leslie Hirsch, co-founder of the division and Howard Morrel’s business partner.

Morrell and Hirsch are renowned real estate agents with a combined 60+ years of experience guiding ultra-high-net-worth individuals as brokers and advisors and selling around $3.5 billion of real estate assets. They are well known on New York’s ‘Billionaires’ Row’ and with attorneys and family offices in trust-owned properties and luxury estate sales.

Latest News

Advisor moves: RBC swipes $1.7B UBS team, Baird duo departs for LPL's Linsco channel
Advisor moves: RBC swipes $1.7B UBS team, Baird duo departs for LPL's Linsco channel

RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.

Stifel star broker, Chuck Roberts, leaves firm under cloud of investor complaints
Stifel star broker, Chuck Roberts, leaves firm under cloud of investor complaints

Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.

iCapital secures $820M in latest funding, hits $7.5B
iCapital secures $820M in latest funding, hits $7.5B

The giant alt investments platform's latest financing led by T. Rowe Price and SurgoCap Partners, along with State Street, UBS, and BNY, will fuel additional growth on multiple fronts.

Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity
Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity

Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.

What does it take to feel 'financially comfortable' or 'wealthy' in 2025?
What does it take to feel 'financially comfortable' or 'wealthy' in 2025?

New report shines a light on how Americans view wealth today.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.