Citybiz cgtc surpasses 2b aum
Coral Gables Trust Company Surpasses $2 Billion Milestone In Assets Under Management
Citybiz, November 15, 2021
Coral Gables Trust Company, one of the top trust and wealth management firms headquartered in Florida, has surpassed $2 billion in assets under management (AUM) today, announced James W. Davidson, Chairman and CEO of Coral Gables Trust Company.
The Firm's latest milestone stems from a record year when assets rose from client portfolio gains and the South Florida-based institution benefitted from a wave of new customers from the communities where they operate, as well as new residents from California and New York who domiciled to the region and sought to grow and preserve their portfolios with the highly respected wealth management firm.
"The fact that the Firm has grown from $1 billion in AUM to more than $2 billion in the past four years is a testament to our unwavering approach to sound money management that is able to withstand short term market upheavals. Even in a time of unprecedented challenges we were able to reach new highs for the Firm and deliver strong performance for our clients," said Davidson. It's an exclamation point to the future of South Florida as a global wealth capital and the hard work and effort our locally based senior management team puts into providing clients with the highest level of investment, trust, and financial planning services ensuring that goals are met, and expectations are exceeded. Always putting our clients' interests first - is in everything we do."
Founded in 2004, by industry veterans, James W. Davidson and Dean Klevan, whose careers and reputations were honed at some of the most revered names in banking, Goldman Sachs and Morgan Stanley, Coral Gables Trust was established to provide transparent, high-level wealth management and fiduciary services to local affluent high net worth families, charities, and professionals. The Firm has forged a reputation as the gold standard in trust and wealth management services - growing from a startup with a HQ office in Coral Gables to the leading independent, privately-owned Firm in South Florida with 32 professionals in three additional offices in Fort Lauderdale, Boca Raton and West Palm Beach.
"We continue to strive and thrive through these challenging times and serve our mission as leaders in wealth and trust management services to be transparent, highly responsive, flexible and creative in providing solutions for clients," added John W. Harris, Managing Director and Chief Wealth Officer, Coral Gables Trust Company. "These factors differentiate us from our competitors and have propelled our growth to not only better serve existing and new clients, and retain and expand our top talent, but also to improve upon our overall marketplace offering."
About Coral Gables Trust Company
Coral Gables Trust Company (CGTC) is the largest independent and privately held trust company headquartered in South Florida with more than $2 billion of assets under management, and a leading provider of Wealth Management, Trust and Financial Planning services throughout the State. Founded in 2004, CGTC services clients with assets ranging from $500,000 to more than $50 million - inclusive of affluent individuals and families, small to medium sized companies, foundations, and pension and endowment funds. Devoted toward putting our clients' interest first, CGTC strives to provide conflict-free services, personalized advice, open-architecture (no proprietary products), and asset based fees.