Bloomberg News G. Moffett Cochran, co-founder and chief executive of Silvercrest Asset Management Group Inc., a newly public New York-based firm catering to wealthy families, has died. He was 63.
He died Monday at Stamford Hospital in Connecticut, near his home in New Canaan, said his daughter, Lee Cochran. She said he survived 10 years with a neuroendocrine tumor on his pancreas, then his liver, because of experimental treatments with Robert L. Fine, a doctor at the Herbert Irving Comprehensive Cancer Center at New York Presbyterian Hospital-Columbia University Medical Center.
Mr. Cochran raised more than $1 million for the Robert L. Fine Cancer Research Laboratory Foundation Inc., his daughter said.
Silvercrest, of which Mr. Cochran was also chairman, advises families, endowments, foundations and other institutional investors and had $14.6 billion under management as of Sept. 30. The company was the 17th-largest manager of family wealth, according to a ranking in the September issue of Bloomberg Markets magazine.
Family offices, as such firms are known, offer financial counseling and basic investment management as well as advice on markets, investing and estate planning.
“The business of tax preparation and bill paying is a lousy business,” Mr. Cochran told Bloomberg Markets in 2012. “You can't lever it up. We do it, but we insist we get paid for it properly.”
JUDGE'S SON
Silvercrest canceled a p
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