Coral Gables Trust, one of Florida’s fastest-growing independent trust and wealth management firms, has surpassed $4 billion in assets under management and administration (AUMA). The achievement reflects a period of accelerating growth fueled by longstanding client relationships, strategic expansion, and Florida’s continued rise as one of the nation’s leading wealth markets.
This new high-water mark reflects the firm’s continued momentum. It took Coral Gables Trust 13 years to reach its first $1 billion in assets under management and administration. The firm reached $2 billion six years later and surpassed $3 billion just three years after that. Now, only months later, Coral Gables Trust has exceeded the $4 billion mark.
Founded in 2004, Coral Gables Trust was established to provide independent wealth management, trust and estate, and financial planning services at a time when many affluent individuals and families felt underserved by large national institutions. More than 20 years later, the firm has become one of Florida’s leading independent trust and wealth management firms, serving generations of families, business owners, foundations, charitable organizations, and institutions throughout South Florida and beyond.
The new benchmark comes as Florida continues to attract a significant concentration of wealth from across the United States and around the world. South Florida in particular has evolved into a major center for entrepreneurs, executives, family offices, and high-net-worth families, creating increased demand for sophisticated wealth management, trust administration, estate planning, and fiduciary services.
As the firm to builds on that rhythm, Coral Gables Trust earlier this year appointed Richard DeNapoli as CEO and President, ushering in the next chapter for the organization. Having spent more than a decade helping shape the firm’s trust practice and strategic direction, DeNapoli now leads Coral Gables Trust at a time of significant opportunity for both the firm and the wealth management industry.
“Surpassing $4 billion is a tremendous milestone for our firm, but what makes it especially meaningful is the story behind it,” said Richard DeNapoli, CEO and President of Coral Gables Trust. “Reaching $4 billion so quickly reflects the confidence our clients place in us, the dedication of our team, and the strength of the relationships we’ve built over the last two decades.”
Under DeNapoli’s leadership, the firm recently opened a new office in Palm Beach, strengthening its presence in one of the nation’s most prominent wealth markets. The addition brings Coral Gables Trust’s South Florida footprint to four offices across Coral Gables, Fort Lauderdale, Boca Raton, and Palm Beach and reflects the increasing demand for its wealth management, trust, and fiduciary services throughout the region.
The firm’s growth also comes during a period many experts describe as the largest intergenerational transfer of wealth in history, with trillions of dollars expected to move from one generation to the next over the coming decades. As families navigate increasingly complex financial, estate, philanthropic, and succession planning decisions, Coral Gables Trust has continued to expand its capabilities while maintaining the personalized approach on which the firm was founded.
“Today’s clients are looking for more than investment management—they are seeking guidance on family governance, philanthropy, succession planning, and preserving wealth across generations,” said Donald A. Kress, Chairman of the Board of Coral Gables Trust. “As those conversations become increasingly important, the role of a trusted fiduciary has never been more valuable.”
For more information, visit https://cgtrust.com/
About Coral Gables Trust
Coral Gables Trust (CGT) is the fastest-growing independent and privately held trust company headquartered in South Florida and a leading provider of Trust and Estate, Wealth Management, and Financial Planning services for clients throughout the State, nationwide, and internationally. Devoted to putting our clients’ interests first, CGT provides conflict-free services, personalized advice, open-architecture institutional quality (no proprietary products), and transparent asset-based fees.
