Philip J. Durst has been promoted to chief investment officer at Tolleson Wealth Management. His responsibilities include the strategic oversight and execution of the firm’s investment research process, asset allocation, manager selection/retention, and overall portfolio management. In addition, he serves as chairman of the firm’s Investment Committee and is a member of the firm’s Executive Committee, which oversees the strategic and operational matters of the entire firm.
“When Phil joined our firm in 2007, no one could have foreseen the direction the economy would take this industry in the coming years. Phil’s hard work, prudent due diligence and commitment to our firm makes this promotion truly deserved,” said John C. Tolleson, chairman and CEO of Tolleson Wealth Management.
Prior to joining Tolleson Wealth Management, Mr. Durst worked within the Investment Management divisions of both INVESCO and John McStay Investment Counsel in Dallas. Before his investment management career, he spent several years with Crescent Real Estate in Fort Worth, Texas, as a part of its asset management team, and with Ernst & Young in Dallas, Texas as a senior auditor within the firm’s Entrepreneurial Services division.
Mr. Durst earned a Master of Business Administration (M.B.A.) with concentrations in investment finance and real estate finance from Southern Methodist University. He also received a real estate finance scholarship and the honors graduate distinction of Beta Gamma Sigma. He received his undergraduate degree in accounting from the University of North Texas. He is a Certified Public Accountant* (CPA) and is a Chartered Financial Analyst (CFA) charter holder.
About Tolleson Wealth Management
Tolleson Wealth Management is an independently owned financial services company with four lines of business: Tolleson Private Wealth Management and Tolleson Private Bank, which includes Trust Services and Philanthropy Services. Tolleson Private Wealth Management provides strategic wealth management services for ultra high net worth families, and is consistently recognized as one of the premier firms in the industry. Tolleson Private Bank provides a full range of deposit and lending services, along with other highly customized services such as trust management and estate settlement.
Tolleson Wealth Management is ranked as one of the top independent wealth management firms in the country, specifically named in Forbes “Top 50 Wealth Managers.” In addition, the firm has been recognized as one of the “Top 100 Places to Work” by the Dallas Morning News four years in a row. Tolleson Wealth Management offices in Highland Park, Texas.
For more information visit www.tollesonwealth.com or contact Katie Botik at 214-780-2561 or by email at kbotik@tollesonwealth.com.
*Tolleson Wealth Management is not a CPA firm.