OUR HISTORY
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Maintaining A Standard Of Living For the Next Generation
During Fred Klingenstein’s tenure at Wertheim, the firm added offices in the U.S. and abroad, and undertook many successful corporate finance relationships. Among the new services he started was an investment advisory department for the firm’s clients in the 1970s.

Fred Klingenstein

Eventually he guided the sale of the family’s interests in the firm to Schroders plc, in 1986. Three years later he invited Kenneth Fields, who had been head of the Individual Capital Management Department at Wertheim, to join him in founding Klingenstein, Fields & Co., and the same professionals who were together as an investment team since 1970 moved to the new firm. Today the firm manages approximately $3 billion in assets.

Continuing his father’s interest in charitable commitments, Mr. Klingenstein also devotes much of his time to certain philanthropic efforts with which his family had long been involved. He furthers the vision of The Mount Sinai Hospital and School of Medicine as one of the world’s leading medical centers by serving as a member and former Chairman of the Board of Trustees.

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