Florida Trust Wealth Management: How 500 Florida families built their future with $5B+ in assets
Florida Trust's origin story begins in 2001 with founder and chairman, S. Albert D. Hanser, who retired and moved full-time to the family's vacation home on Sanibel-Captiva with his wife, Sally. Having already served as a successful leader in the financial industry, Al knew that his neighbors would benefit from a locally based trust and investment firm close to home. The Sanibel Captiva Trust Company opened as the island's first independent, locally owned trust company.
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David Parmelee
Today, Florida Trust Wealth Management has more than $5 billion in assets under management. It has grown organically into Florida's largest independent, privately held trust company headquartered in Florida, and cares for some 500 families by remaining steadfast in its sound principles and long-term investment strategies.
The company entered the Tampa market in 2010 after a board member had encouraged Chief Executive Officer, Terry Igo to get better acquainted with the local business environment and identify areas that needed the level of services and the client experience the company had to offer.
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By 2014, the Tampa office had grown into a larger office space on Boy Scout Boulevard, and soon after Hood Craddock joined the firm to head and build out the Family Office Services team. This exciting new dimension greatly benefits multi-generational client families, as well as Tampa business owners, with their unique needs for wealth and lifestyle management, legacy planning, and wealth transfer.
In 2016, trust company leaders agreed there was an opportunity to provide high-level wealth management along Tampa Bay's coastal communities, as well. 'We were drawn to the charming area of Belleair, Clearwater, and surrounding neighborhoods where we felt residents would find our services a fit,' said Igo.
Three years later, they expanded further, opening an office in downtown Tarpon Springs - an underserved community when it came to high-level wealth management services. The following year they moved one more time, putting down roots near the visitor center, serving clients from their beautiful, century-old historic home.
Thanks to its loyal clientele and dedicated employees along Florida's Gulf Coast, this employee-owned fiduciary is ready to scale, delivering at a high capacity with the same effective and thorough approach clients have always valued.
Florida Trust has a track record of demonstrating stability and accessibility, especially during challenging times, serving clients well through natural disasters, such as the hurricanes of the last few years, during the real estate downturn and prolonged market volatility that began in 2008, and the uncertainties of the Covid pandemic. There is no doubt about the team's ability to weather any kind of storm.
Additionally, the company was recently recognized as one of the 'Best Places to Work' across all markets including Collier, Lee, Hillsborough and Pinellas counties, confirming the caliber of employee and workplace that cultivates such an outstanding team.
The Sanibel office will continue to serve as Florida Trust's flagship location, honoring its 25-year history. Many of the office's current clients have been with the company from the beginning – serving as the impetus for its growth into its additional markets of Tampa, Belleair Bluffs, Tarpon Springs, Fort Myers, Naples, Marco Island, and a marketing office in Cashiers, NC.
Positioned for the future, Florida Trust Wealth Management is comprised of an established team that continues a proud tradition of being a committed member of the communities it serves and always putting the client first.
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Tampa Bay Trust Co.
About Florida Trust Wealth Management
Florida Trust Wealth Management is a state-chartered, independent trust company with more than $5 billion in assets under management that provides Family Office and Wealth Management Services, including investment management, trust administration and financial counsel to high-net-worth individuals, families, businesses, foundations and endowments. The firm is focused on wealth management services that are absolute-return oriented, and performance driven. Offices in Sanibel-Captiva, Fort Myers, Naples, Marco Island, Tampa, Belleair Bluffs and Tarpon Springs.
LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal or tax advice from their own counsel. Not FDIC Insured | No Guarantee | May Lose Value
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