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.
Firms in New York and Arizona are the latest additions to the mega-RIA
The agent, Todd Bernstein, 67, has been charged with four counts of insurance fraud linked to allegedly switching clients from one set of annuities to another.
“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” Justice Peter Moulton wrote, while Trump will face limits in his ability to do business in New York.
Sieg, 58, was head of Merrill Wealth Management, left in 2023 and returned that September to Citigroup, where he worked before being hired by Merrill Lynch in 2009.
Technology can do a lot of things, but advisors still have undeniable value
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
