History

Since 1948, the professionals at Hefren-Tillotson have been driven by a shared ideal: to earn our clients' trust by providing them with comprehensive, unbiased advice surrounding all aspects of their financial situation. Today, the firm is one of the oldest and largest full-service wealth management firms headquartered in Western Pennsylvania with more than $4 billion in client assets.

While Mr. Willard J. Tillotson's career is highlighted by numerous accomplishments, his greatest success was the foresight to recognize that for clients to reach their long-term financial goals, coordination of their entire financial situation was necessary.

In his early days at the firm, and more than 35 years ahead of the competition, Mr. Tillotson developed the Hefren-Tillotson MASTERPLAN approach, a comprehensive, written review of an individual's financial goals and objectives. Long before financial planning services became a popular offering across the financial services industry, advisors at Hefren-Tillotson were using the MASTERPLAN approach to help clients gain clarity on their financial objectives and chart out wealth management strategies throughout life's transitions. MASTERPLAN remains at the core of our services for individual investors today.

Currently, Bill Tillotson is the Chairman of Hefren-Tillotson and of its holding company, MASTERPLAN, Inc. His daughter (and the late Art Hefren's granddaughter), Kim Tillotson Fleming, current President of the firm, was recently named as one of 2009’s Top 25 Women in Business by the Pittsburgh Business Times and was awarded a 2008 Pacesetter Award by Smart Business magazine.

The family tradition at Hefren-Tillotson gives our professionals an uncommon perspective to serving our clients. We understand the importance of family goals and ambitions in managing your portfolio, and our MASTERPLAN approach is designed to help you choose strategies that support your most personal objectives.

We take pride in growing our business in a way that supports the well-being of our employees and our community. Hefren-Tillotson was named the Western Pennsylvania Family Business of the Year (2000) by the Katz Graduate School of Business at the University of Pittsburgh; the #1 Place to Work in PA (2001). We also take part in fundraising activities for the Leukemia Society of Western PA; Big Brothers/Big Sisters; The Carnegie Museums; Easter Seals; The Firefighters of Pittsburgh; Kops for Kids; United Way; Children's Hospital of Pittsburgh; YWCA; the Muscular Dystrophy Association; the National MS Society; and many arts and cultural institutions in the Pittsburgh region.

To learn more about Hefren-Tillotson today, read about our investment firm staff or our latest company and financial news.