Advisors at Wealthspire Advisors can now offer personal trust administration solutions through Wealthspire Trust.

Wealthspire Advisors, an RIA with $25.86 billion in assets under management, has launched a Tennessee-based trust company, Wealthspire Trust LLC.

The president of the new entity is Jonathan Connolly, who has previously served in leadership roles at UBS, Comerica Bank and Trust, and RBC Wealth Management.

“As we continued to evolve our services, we searched for a favorable jurisdiction for our trust company, and that’s Tennessee,” Heather Flanagan, head of Wealthspire Advisors’ Family Office Services and chair of the Wealthspire Trust board, said.

Wealthspire said that being based in Tennessee enables the firm to use structures such as perpetual trusts, directed trusts, asset protection trusts, community property trusts, as well as flexible administration techniques such as implementing uni-trust provisions or modifications through non-judicial settlement agreements.

Operating in 23 offices across the US, Wealthspire has more than 110 advisors. The new trust company was based in Franklin, Tennessee.