It is with great sadness that we announce the passing of Fred Klingenstein, a founding member and Chairman Emeritus of Klingenstein Fields Advisors (KF Advisors). Fred, together with his brother, John Klingenstein, and colleague, Kenneth H. Fields, established Klingenstein Fields & Company, L.L.C., now known as Klingenstein Fields Advisors, in 1989. Fred enjoyed a distinguished career in financial services, and, prior to founding KF Advisors, was CEO of Wertheim & Company and Co-Chairman of Wertheim-Schroder & Company.
Fred was deeply committed to helping and giving back to the community, particularly in the areas of education and medical research. He was a Member and former Chairman of the Board of Trustees of the Mount Sinai Medical Center, a Vice Chairman of the Board of Trustees of the American Museum of Natural History and a former Chairman of its Investment Committee. At Mount Sinai, he established the Klingenstein Institute for Medical Science and a scholarship fund honoring his late father Joseph Klingenstein. Fred and his wife, Sharon, were recipients of the Mount Sinai Noble Deeds Society Honorary award, recognizing their generous long-term commitment to Mount Sinai. In addition, Fred was a former trustee for St. Lawrence University, past President and Chairman Emeritus of Rye Country Day School and past Chairman of the Finance Committee of UJA-Federation of Jewish Philanthropies.
Beyond his many accomplishments and strong leadership that was widely admired, at KF Advisors, his “second family,” we appreciated his passion for investing, for serving clients with the utmost integrity and the warm relationships he had with all. Fred loved KF Advisors, loved being at work and always led by example. An unassuming man, he could often be found running out to pick up his own lunch from the sandwich place nearby. He was interested in everyone at KF Advisors, both personally and professionally. He will be truly missed by all who knew him.
We remember, Sharon, Fred’s beloved wife of 59 years, who predeceased him and extend our deepest sympathy to his cherished children Kathy, Susan, Amy and Lucy, to his eleven grandchildren, two great-grandchildren and to the entire family.