SanCap Group Inc., the holding company of The Sanibel Captiva Trust Company and its divisions, The Naples Trust Company and The Tampa Bay Trust Company held the 24th Annual Shareholders’ Meeting Wednesday, March 19 at the The Club at Renaissance in Fort Myers. Attendance included 75 shareholders consisting of clients, employees, board members, and the company’s legal advisors.
The meeting covered economics, investing and other broad financial issues, as well as strategic new hires and company news. SanCap Group’s Founder and Chairman S. Albert D. Hanser opened the meeting thanking the company’s loyal shareholders, saying, “You are a big part of why we are all here today, enjoying this extraordinary company entering its 25th year in business. We couldn’t do it without you, and we are grateful for your partnership.” Hanser went on to say that staying the course with the company’s motto of “Always do the right thing,” has served all of their clients, employees and shareholders well. He said, “I tell our employees, ‘rule number one is the client comes first. Rule number two is don’t forget rule number one!’ ”
Chief Executive Officer, Terence M. Igo gave the state of the company address and congratulated the organization’s 65 employees for another successful year in 2024, having surpassed $5 billion of assets under management. “Our growing company is staying focused on critical goals that keep us successful, such as continuing to provide a high level of service, maintaining our personal culture, developing next gen leaders throughout the company and managing profitability and efficiency,” said Igo.
As part of the state of the company, each department head was asked to provide an overview of their team and key projects. Chief Financial Officer, Beth Weigel spoke about the approximately 500 client relationships and related accounts that The Trust Company services. “We had a successful 2024 with all-time highs in new business and additions leading to assets under management hovering around $5 billion,” said Wiegel. “Profitability remained solid, contributing to a healthy increase in the ESOP valuation per share from $70.05 for 2023 to $76.26 for 2024. Return on equity continues to be strong, averaging close to 30% over the past 10 years.”
Chief Operating Officer, Ian Breusch, CFA, announced the eight well-deserved promotions in January and the 12 new hires made over the last year. Among them were four strategic hires that focus more on the internal workings of the company, designed to maximize efficiency across all company departments, assess and install important upgrades in technology platforms, streamline time management and work strategies, and ultimately benefit the client experience.
Director of Family Office Services, Hood Craddock explained how his team assists complex business owner families with the kind of special skills and resources necessary to see them through a sale, mitigate taxes, simplify their estates and manage multigenerational wealth transfer. “FOS is steadily growing due to our dedicated and specialized team that can deliver on these strategies,” said Craddock.
Chief Fiduciary Officer, Peter Knize went into depth about the fiduciary department team and the many critical services they execute for trusts and estate administration which align with client needs throughout their lives. Kristian Jhamb, MBA, CIO went over the bench strength of the portfolio management team, a completely local cache of investment managers and analysts who manage client portfolios. Laura Frost, CPA, Director of Operations highlighted the deep relationships her team holds with the clients and showcased several messages of thanks from satisfied individuals, business owners and beneficiaries.
Finally, Judy Bricker, Director of Corporate Marketing explained the expansion of the marketing team which included a focus on social media, as well as the newest member, digital and brand manager, Tracy Hemrick. “Tracy’s sophisticated strategies have heightened our corporate presence in the digital and online space, and it is quickly generating new business opportunities,” said Bricker.
For more information about The Sanibel Captiva Trust Company and its services visit www.sancapgroupinc.com.
PHOTO CAPTION: Terence M. Igo, Chief Executive Officer and S. Albert D. Hanser, Founder and Chairman of The Sanibel Captiva Trust Company
About The Sanibel Captiva Trust Company
The Sanibel Captiva Trust Company is an independent trust company with more than $5 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. The Naples Trust Company and The Tampa Bay Trust Company are divisions of The Sanibel Captiva Trust Company. Offices are located in Sanibel-Captiva, Fort Myers, Naples, Marco Island, Tampa Bay, Belleair Bluffs and Tarpon Springs. For information, visit SanCapTrustCo.com.
