SanCap Group Inc., holding company of The Sanibel Captiva Trust Company and its divisions, The Naples Trust Company and The Tampa Bay Trust Company, held its 22nd Annual Shareholders Meeting for more than 80 guests on Wednesday, March 15th at The Club at Renaissance in Fort Myers.
Founder and Chairman S. Albert D. Hanser opened the meeting of shareholders by addressing the business of The Trust Company over the last year. He commented on the growth of the company, now at 57 employees throughout Sanibel-Captiva, Tampa Bay and Naples, highlighting that all offices are either expanding or moving to new space in every market.
“We continue to make strategic hires to care for our increasing number of clients, and we do this carefully to assure our culture and the company stays strong,” Hanser said, pointing out how the company moved quickly into Fort Myers last fall following Hurricane Ian and how the team looks forward to occupying both of their new office spaces in Fort Myers and on Sanibel in the coming months. “We believe strongly in supporting the communities we serve, and our employees are heavily engaged with nonprofits in Fort Myers, Sanibel-Captiva and throughout our corporate footprint,” he said.
Hanser welcomed and thanked the board of directors, each market’s advisory board, and the shareholders, which includes employees. Several promotions occurred since the last meeting including newly appointed Chief Financial Officer Beth Weigel; Director of Trust Administration Ann Pankow, CFP, CTFA, ChFC; Trust Officer Kelly Ritrievi, and Director of Operations Laura Frost, CPA, SHRM-CP.
CEO Terence M. Igo discussed the company’s financial results over the last year, highlighting that a record-setting amount of new business in the company’s history was conducted in 2022 during extraordinary turbulence.
Igo also announced that The Sanibel Captiva Trust Company is the second largest state-chartered trust company in Florida for revenue and profitability with more than $3.6 Billion in assets under management. “We are very profitable, but as occurred across the industry, our projected profits were lower than expected primarily due to market downturn,” Igo said. “As we stay focused on our core business, we are confident of future profitability and continued growth.”
Igo outlined the company’s growth strategy for the next five years, saying it is realistic and attainable by staying true to the company’s core tenants: keep to the culture; manage expenses; retain, promote and reward employees; deepen the brand in each market; develop leadership and maintain a clear succession plan; avoid risk and stay in compliance; keep clients first and stay committed to excellent client service.
Chief Operating Officer, Ian Breusch, CFA, spoke on company initiatives generating continual improvements to technology and materials used by employees and clients alike, streamlining the experience across investment management and estate administration as well as financial planning. He also provided an overview of investment analysis and performance, and the current market outlook.
Three special guest speakers also presented. The first were two recent strategic hires Senior Trust Officer of the Naples office Billie Ann Porter, CFP, CTFA, and Trust Officer in the Fort Myers office Jason Chiklakis. Both have many years in the trust industry caring directly for clients. They explained the role of the trust officer and how this specific new position on each client’s team is vital to adding efficiency between team members and fluid communication and execution for the benefit of the client.
Finally, board member John Brabson, former chairperson of the board of Tampa General Hospital and Lykes Bros. Inc., spoke on what it takes to be a successful company long-term, through maintaining an employee culture of personal ownership, pride and dedication to the client experience. He outlined a sampling of successful companies that are now household names that began with this kind of culture. “This company has that,” said Brabson. “You see it; you know it; you feel it.”
For more information about The Sanibel Captiva Trust Company and its services visit www.sancapgroupinc.com
About The Sanibel Captiva Trust Company
The Sanibel Captiva Trust Company is an independent trust company with $3.6 billion in assets under management that provides Family Office and Wealth Management Services, including investment management, trust administration and financial counsel to high-net-worth individuals, families, businesses, foundations and endowments. Founded in 2001 as a state-chartered independent trust company, the firm is focused on wealth management services that are absolute-return oriented and performance driven. Each portfolio is separately managed and customized specifically to the client’s yield and cash-flow requirements. The Naples Trust Company and The Tampa Bay Trust Company are divisions of The Sanibel Captiva Trust Company. Offices in Sanibel-Captiva, Fort Myers, Naples, Marco Island, Tampa, Belleair Bluffs and Tarpon Springs. www.sancaptrustco.com
