CORAL GABLES TRUST COMPANY REACHES AND EXCEEDS $1 BILLION MILESTONE
CORAL GABLES, Fla. (April 25, 2017) - Coral Gables Trust Company ("CGTC"), a leading provider of wealth management and trust services in South Florida, is celebrating the achievement of a major industry milestone: Surpassing more than $1 billion in assets under management (AUM).
The accomplishment cements the firm"s status as the largest independent trust and wealth management firm headquartered in South Florida. It additionally boosts Coral Gables Trust Company's ranking as one of the top three trust and wealth management firms registered in the State.
Founded in 2004 by Chairman and CEO James W. Davidson and Director Dean Klevan, Coral Gables Trust Company has developed quickly to become an industry leader growing from a startup to an independent, privately-owned firm with 25 employees in three offices across Miami-Dade, Broward and Palm Beach counties. Coral Gables Trust Company's success is evidenced by its significant increase from $150 million in assets under management to more than $1 billion in the past six years.
Since our establishment, we have been committed to our valued clients who, in turn, have entrusted us with their assets and put their reliance on our longstanding expertise, said Davidson, who made the announcement today. We continue to provide the highest level of wealth management services, ensuring that goals are met and expectations are exceeded.
Coral Gables Trust was launched to provide transparent, high-level wealth management and fiduciary services to local affluent high net worth families, charities, and professionals.
We have fulfilled the founders original vision to create an independent local boutique, trust and asset management firm that is transparent, highly responsive, and flexible 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 competition and have propelled our growth and market presence in recent years. This growth not only gives us the ability to better serve existing and new clients, retain and add top talent, but also bolster and 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 over a billion dollars of assets under management, and a leading provider of wealth investment management and trust services throughout the State. Founded in 2004 as a locally owned and operated independent trust company, 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.