provided to The SantivaChronicle.com
Al Hanser, Founder and Chairman of The Sanibel Captiva Trust Company, welcomed shareholders, board members, advisory board members and employees to the holding company’s 20th Annual SanCap Group Inc. Shareholders Meeting held March 18 virtually.
Hanser opened the meeting with an invocation as he does every year followed by an update on the number of employees now totaling 48, 10 of whom have joined the firm over the last 18 months. The Board of Directors for both the holding company and the trust company is now at 13 members. Special thanks went to retiring board members Cheryl Giattini of Sanibel and Dolph von Arx of Naples for their many years of service on the board. “We owe a tremendous debt of gratitude to Cheryl and Dolph who have been very generous with their professional wisdom as we grew the company over the last 21 years,” said Hanser. “They have earned emeritus status and will continue to be listed among those directors who have been with us since the early years and contributed to our success.” He went on to thank each market’s advisory board whose members serve as ambassadors in the community and advisors to that market’s trust company team.
Hanser also unveiled the company’s new Mission, Vision and Values Statement – a result of an in-depth strategic planning effort last year, aligning the Statement with today’s company, client and shareholder expectations. He covered the health and growth of SanCap Group Inc. stock and reviewed the Employee Stock Ownership Plan which is an exceptional retirement benefit for employees and provides pride of ownership.
CEO, Terry Igo presented on the financials of The Trust Company highlighting key points:
The annualized growth in revenue over the past five consecutive years came to +14%, while annualized growth in profit over the same time period resulted in +32%.
The average annual return on equity (ROE) over the past five years is at +30%.
Assets under management increased 15% from 2019 even with COVID-19.
Igo said, “We are very pleased to announce that The Trust Company just surpassed $3 billion in assets under management in March. This is not only due to healthy stock markets, but the consistent quality and delivery of The Trust Company’s services to our clients.” He went on to say that the geographic growth of the company will remain along Florida’s gulf coast. “Expanding within our current footprint offers us an abundance of opportunity as we continue to deepen our services by offering estate settlement, financial planning and targeted family office functions, while nurturing the next generation of our clients across all services.”
Chief Investment Officer, Ian Breusch, CFA then expounded on the current economic environment and how his 9-member portfolio management team was approaching trending opportunities in the marketplace. The team sees the U.S. economy continuing to rebound from the low of March of last year through 2021 and beyond. “We remain optimistic regarding stocks due to broad based economic recovery and continued improvement in the labor market; significant fiscal and monetary stimulus and historically low interest rates which are likely to remain,” said Breusch. He commented that if stocks do sell off during 2021, the investment team will be ready to buy some of the opportunistic deals with lower stock valuations. However, traditional valuation metrics still matter as stock prices eventually do correlate with their underlying sales, earnings and cash flows. Longer-term expectations for U.S. stocks remain favorable with a projection of 5-7% long-term average annual returns.
The Trust Company team is available to assist you. Visit sancapgroupinc.com to reach an advisor in Sanibel, Naples or Tampa Bay.
The Sanibel Captiva Trust Company is an independent trust company with $3 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, Naples, Marco Island, Tampa, Belleair Bluffs-Clearwater, and Tarpon Springs. www.sancaptrustco.com