VENICE, FL – Caldwell Trust Company experienced healthy growth in several areas in 2013, according to R. G. “Kelly” Caldwell Jr., CEO and president. The independent, locally owned trust company saw its assets under management increase from $560 million at the end of 2012 to $700 million by December 31, 2013. That growth came mostly in an unexpected sector. “Our trust business remains healthy and vibrant, but much of the latest growth has come from investment management services, which now represent 80 percent—some $560 million—of our business,” Caldwell said. “What’s more, many of our investment management clients are also calling on us for trust services.”
In the year that marked Caldwell’s 20th anniversary, the biggest physical evidence of growth was the groundbreaking for larger headquarters at 1400 Center Road, Venice. Estimated to cost $2.5-$3.0 million, the Italianate-style building is pegged for a November 2014 completion. The new building will then replace Caldwell’s current Venice office, located at 201 Center Road, while services will remain unchanged at 1561 Main Street, its Sarasota office.
In addition to financial advances, growth has come in other ways as well. In 2013, Caldwell Trust Company:
• added another trust officer, Susan H. Hines, J.D., who is based in the Company’s Venice office.
• added another board member, J. Mack Reid, who had shepherded growth in the Boys & Girls Clubs of Sarasota County from one facility to four and also developed in-school services for youth.
• expanded its corporate citizenship with donations of time, talent and cash to local charities. By the end of 2013, cumulative cash contributions exceeded $1 million and a grateful community responded. Among the honors in November alone:
o The Greater Sarasota Chamber of Commerce presented two Silver awards, one for “Investing in the Future” and the other in recognition of Caldwell’s 20 years of service to the community;
o Sarasota County Commission presented a certificate of recognition to Caldwell “in recognition of its 20th Anniversary” and as a “shining example of corporate responsibility … and a source of steady employment”; and
o The Florida Center for Early Childhood, recognizing the landmark anniversary, also saluted the company “for its continued support & commitment to the children and families of the Sarasota County.”
To learn more about Caldwell Trust Company, please visit www.ctrust.com, email firstname.lastname@example.org or phone 800.338-9476 (Venice) or 877.926.9336 (Sarasota).
Caldwell Trust Company is an independent trust company with offices in Venice and Sarasota, Florida. Established in 1993, the firm currently manages over $700 million in assets for clients throughout the United States. The company offers a full range of fiduciary services to individuals, including services as trustee, custodian, investment adviser, financial manager and personal representative. Additionally, Caldwell manages 401(k) and 403(b) qualified retirement plans for employers.