ST. PETERSBURG, Fla., Friday, August 12, 2022 – Adelphi Trust, the first and only trust company in Florida founded, managed, and majority-owned by women, hosted representatives of the Florida Office of Financial Regulation at its offices in St. Petersburg today to mark receipt of its trust charter. This officially authorizes Adelphi Trust Company to provide fiduciary services to clients for all their investment management, wealth strategies, and trust administration needs.
“The demographics of wealth are changing dramatically nationally and in Florida, and the pace of that change is projected to increase exponentially over the next 20 years,” said Katie Pemble, CFP®, CEO, Board Chair, and Co-Founder of Adelphi Trust Company and its parent company Adelphi Financial, Inc. “At Adelphi, we’re dedicated to personalized planning and attention to every client. Everyone deserves to have a well-designed and documented plan, which is what motivated us to create a new industry leader in this space.”
”We’ve built Adelphi Trust with a modern and inclusive approach to wealth planning and trust administration services. Planning for a client is more than managing a portfolio; it’s identifying milestones and helping clients navigate the obstacles to achieving personal goals for themselves and their families,” said Gentry Barnett Byrnes, J.D., Adelphi Trust Company Chief Fiduciary Officer and Co-Founder.
“Adelphi Trust offers the well-rounded financial and wealth management plan I sought as a business owner and as an attorney when counseling clients,” said Terin Cremer, J.D., MBA, Adelphi Trust Board Member and Managing Partner of Barbas Cremer, PLLC. “These trust and estate planning services provide a rare opportunity for clients to form cohesive long-term personal and professional goals.”
“This is a landmark moment for the state of Florida and the nation,” said Kathleen Shanahan, MBA, Adelphi Trust Board Member and CEO of Turtle & Hughes, one of the largest electrical/industrial distribution companies in the country. “To finally have a woman-owned and woman-led trust company here in Florida means women have reached the upper echelons of capital management and banking. Adelphi is that valuable, trusted platform to those seeking financial and legacy guidance.”
The Adelphi Trust Company’s office is located on the 12th floor of the prominent City Center building in the heart of downtown St. Petersburg. It will be open to the public on September 1st.