First American Trust, a wholly owned subsidiary of First American Financial Corp., has expanded into Nevada by opening a new location in Las Vegas, extending its full-service investment management, wealth planning and trust solutions.
The company has offices at 3753 Howard Hughes Parkway. So far, two people have been hired, but there are plans to increase staff, officials said.
First American Trust has been serving high net-worth individuals, families, foundations and businesses in Southern California for more than 50 years. The expansion to Nevada, a state that the company said offers unique estate planning opportunities that do not exist in many other states, marks the first full-service office outside of California.
“Nevada has progressive trust laws that allow people to protect the legacy that they’ve often spent decades building,” said Neil Schoenblum, senior vice president of First American Trust’s Las Vegas office, said in a statement.
First American Financial Corp. trades on the New York Stock Exchange under the trading symbol FAF.