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2013 Was a Strong Year for Caldwell Trust Company

by Caldwell Trust

Construction is underway at 1400 Center Road.

Caldwell Trust Company experienced healthy growth in several areas in 2013 according to R. G. “Kelly” Caldwell Jr., CEO and president. “Our assets under management increased from $560 million at the end of 2012 to $700 million by December 31, 2013,” he says. 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. What’s more, many of our investment management clients are also calling on us for trust services,” he adds.

In 2013, 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 headquarters will then replace Caldwell’s current Venice office 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. A grateful community responded with several awards,especially on the occasion of Caldwell’s 20th anniversary. 

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