The Caldwell Trust Company Blog

Caldwell Trust Company hires Tony Blasini as VP, employee benefits

Posted by Sheryl Vieira

VENICE, FL: Caldwell Trust Company has hired Tony Blasini, CPA, QPA, as vice president, employee benefits, according to R. G. “Kelly” Caldwell Jr., CEO and president. Blasini is based in the company’s headquarters in Venice. 

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Topics: Corporate

The Importance of a Fiduciary: What You Need to Know

Posted by H. Lee Thacker, Jr., CFP

When it comes to protecting your assets or ensuring your wishes are carried out when you are incapable of communicating them, you can hire fiduciaries to act with your best interests in mind and make decisions on your behalf based on their knowledge and area of expertise.

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Topics: Investments, Trusts & Estate Planning

Investment Letter Commentary

Posted by Chris McGee, CFA CAIA

With the Dow Jones Industrial Average (DJIA) crossing the 20,000 level we realize what a difference a year can make in domestic capital markets. At this time last year the domestic equity markets were off to one of their worst yearly starts ever. The S&P 500 corrected almost 15 percent between the first of January and mid-February before reversing and gradually moving higher through mid-year. The correction culprit was investors’ fears of a global slowdown. That fear of a slowdown was the result of weak economic growth numbers coming out of China and the U.S., as well as crude oil prices declining into the mid-$20 range and general fragility in the energy sector. As crude oil and commodity prices reversed and more favorable U.S. economic releases occurred, markets stabilized and moved higher. By mid-2016 most domestic equity markets had slightly positive returns. 

In late June the Brexit vote signaling the U.K.’s intention to leave the European Union took world markets by surprise. Most importantly, the benchmark 10-year U.S. Treasury bond yield declined to 1.36 percent, reflecting general uncertainty about implications of the vote. The yield on the 10-year had commenced 2016 at 2.27 percent and most pundits had projected higher levels by year-end 2016. Domestic equity markets were initially down on the news but recovered quickly. Through the end of the second quarter of 2016, S&P 500 earnings had declined on a year-over-year basis for six consecutive quarters.
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Topics: Investments

Lee Celebrates 20 Years With Caldwell Trust!

Posted by Caldwell Trust

H. Lee Thacker, Jr., CFP, Senior Executive Vice President, Secretary, Trust Officer and very good friend of Caldwell Trust Company, is celebrating his twenty-year anniversary with us. He has been with the company since 1996, when he moved to Venice from Georgia. The long-time banker and his wife Suzanne—both with extensive financial backgrounds—were looking for a solid, reputable company to handle their investment needs. “We read an article about Roland Caldwell and the company he had founded,” Suzanne said of Kelly Caldwell’s father Roland, co-founder of Caldwell Trust Company. “They were right down the street so we met with Kelly.” Lee said, “I visited as a potential client and was so pleased that I signed on. I’ve never regretted it for a moment.”
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Topics: Corporate

What Is the Intent Of The Settlor When It Comes To Discretionary Language Within Their Trust?

Posted by Sandy Pepper

Every family has their own unique make-up and no two are alike – each member of a family has their own separate distinctions and when planning for loved ones, creating a Statement of Intent is important not only for the trustee, but also for the Grantor’s beneficiaries. It would be nice if all families got along, all children were gainfully employed and without issue, family meetings took place and all children were fully informed of their parent’s estate plan. This is generally not the case and doesn’t happen very often. Thus it is important for a Grantor to provide some guidance to the trustees.

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Topics: Trusts & Estate Planning

Why We Endorse Pro Growth Policies

Posted by Chris McGee, CFA CAIA

If you missed it the Dow Jones Industrial Average (DJIA) made history this week as it crossed the 20,000 level this past Wednesday. We looked backwards and determined that it took the index approximately 17 years to double from 10,000. The index reached the 10,000 mark in April of 1999. We decided to go back and see how it did over the 17 years preceding the index obtaining the 10,000 level in 1999. At the beginning of 1982 the DJIA stood at the 785 level. So between 1982 and April 1999 the index doubled approximately 3 and 1/2 times versus it only doubling once over the subsequent 17 years.
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Topics: Investments

Tony Robbins Explains What a Fiduciary Is

Posted by John Tufaro

Do you know what a fiduciary is? A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other asset for another person. Most are not familiar with the exact definition as you can see in Tony Robbins video. This is a topic we struggle with here in the trust world. Far too many instances, we hear stories of clients not being taken care of properly and end up being taken advantage of. Most believe if they're doing something with their finances, they're in good shape. Too many times we've seen so many people taken advantage of due to not working with a true fiduciary. One who has the clients best interest in mind, not theirs. A figuciary is legally responsible to look out for your best interest. When someone is legally responsible, you can bet they're going to properly do their job and not sell you product(s) as they make substantial commission based fees on over and over again depending on how many times they move you in and out of funds. When you are a true fiduciary and are legally responsible, there isn't a conflict of interest. Ever.

 

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Topics: Investments

A Brief Investment Comment

Posted by Roland G. Caldwell, Founder

After eight years of focusing on Yellen and short term interest rates, it may be hard for some in the financial business to remember that it is only in recent years that the Fed has assumed a larger role in economic policy making and thereby has become an influential factor in securities markets and price making.  In the past, free markets always set both long and short interest rates, with the Fed merely reacting in an attempt to keep financial markets stable. The Fed’s dual mandate to seek to maximize employment and facilitate economic growth was always reactive rather than pro-active and properly so.

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Topics: Investments

This Week We Say and Give Thanks

Posted by Kelly Caldwell

On behalf of Caldwell Trust Company, we wish you and your family a wonderful Thanksgiving Holiday spent with loved ones as you celebrate your blessings. We are honored and grateful for your continued support and hope you have a day filled with love and thanks. As a reminder, our offices will be closed November 24th in observance of the holiday. 

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Topics: Caldwell Cares

Today We Salute Our Veterans for their Service

Posted by Sheryl Vieira



Those that have served in the United States Military hold a special place in the hearts of Americans. These dedicated men and women put our safety above their own in order to provide us with the safety needed to raise our children and live healthy and prosperous lives throughtout the United States.  

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Topics: Caldwell Cares

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