Within the last decade, many of the providers of wealth management and fiduciary services have consolidated, becoming much larger but choosing to offer less services to clients. Specifically in the fiduciary space, large corporate fiduciaries have modeled their business after asset management firms; moving away from the management of closely held businesses, real estate and specialty assets or helping wealthy families deal with everyday issues. At the same time, many smaller financial institutions are oftentimes ill-equipped to assist clients with their wealth management and fiduciary needs. Tidewater was formed to address this need in the market by providing both investment advisory and private label trust fiduciary services to its clients.