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Coral Gables Trust
Company receives state charter
Following their
successful target capitalization in the
amount of $ 4 million in late February,
the Office of Financial Regulation of
the State of Florida has granted a trust
company charter to the Coral Gables
Trust Company. Located at 255 Alhambra
Circle, Suite 435, the Coral Gables
Trust Company provides wealth management
services to affluent clients in South
Florida.
"As the only independent
State-chartered trust company in
Miami-Dade County, we fill a unique
niche in South Florida," said Dean
Klevan, President and CEO. According to
Klevan, the demand for trust and
investment services for affluent
families and foundations has risen as
many of the traditional banks offering
these services are focusing on ultra
high net worth clients. Several banks
have trust departments, however, no
other financial institution focuses
solely on wealth management and
fiduciary activities.
Coral Gables Trust
Company offers wealth management and
fiduciary services for affluent
individuals, foundations, endowments,
and employee benefit plans with
investable assets of at least $500,000.
Portfolios are structured using an open
platform thus ensuring independent
evaluation and selection of the best
managers in each asset class. Coral
Gables Trust Company's personal service
model includes access to senior
management thus filling a local void as
national trust companies have adapted a
regional service model, particularly for
smaller accounts.
"There is a true need for
the services we provide," added Jim
Davidson, Chairman of the Board and an
investor. "Where do you refer someone
with a million dollar account who needs
trust and/or wealth management services
and who wants local, personalized
service"
Coral Gables Trust Company is a wholly
owned subsidiary of the Coral Gables
Financial Corporation. Directors of both
companies include local and national
leaders in financial services and other
diverse industries as follows:
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James Davidson,
a 20-year Goldman Sachs & Co.
investment banking veteran and
Founding Managing Director of
Miami-based Banyan Mezzanine Fund;
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Willard Wheeler,
Jr., the former Vice Chairman
and Chief Investment Officer of
Northern Trust Bank of Florida;
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David W.S.
Chambers, former Chief Executive
Officer of Merrill Lynch Trust
Companies;
Todd G. Cole, a former senior
executive with CIT, Delta, Eastern,
Frontier and Hawaiian airlines who
is now a Director with Kaiser
Ventures;
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Janet Risi,
President of Independent Purchasing
Cooperative, buyers for 17,000
Subway restaurants nationwide;
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Jeffrey Pfleger,
a Principal of Miami-based Pfleger
Financial Group;
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Dr. George Mekras,
a medical consultant and retired
physician;
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Ron K. Bailey,
a former President of Strayer
University in Washington, D.C. and a
director of other Virginia and
Florida banks and trust companies
and;
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R. Kyle Bailey,
a principal of Battleview
Investments and Harbour Capital
Group, LLC.
Coral Gables Trust
Company provides a competitive range of
fiduciary and wealth management services
that include trust and estate
administration; investment management
utilizing independent money managers;
and a comprehensive suite of services
for retirement accounts. For additional
information, call 786-497-1212 or visit
www.cgtrust.com.
Becker Consulting
Services, Inc.
Public Relations and Marketing
2121 Ponce de Leon Blvd., S uite 720
Coral Gables, FL. 33134
Contact:Dolores Fernandez
Telephone 305/444-2181
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