Sanibel Captiva Holdings Presents to Shareholders at Annal Meeting
Posted on March 20, 2017
Sanibel Captiva Holdings, Inc. held their annual shareholders meeting on Wednesday, March 15, 2017 at The Sanctuary Golf Club on Sanibel Island. Al Hanser, Founder and Chairman presented the business portion of the meeting to approximately 60 guests, which also included employees and board members, all of whom hold shares in the company.
Hanser reported on annual profits and the Holding Company’s recent distribution of a 4.7% dividend to its shareholders. The Sanibel Captiva Trust Company reached a new milestone of $1.5 billion of assets under management as of the first quarter of 2017 and has 34 employees serving just over 300 client relationships. In addition to their main offices in Sanibel, Naples and Tampa, they now have three satellite offices in Marco Island, Winter Haven and Belleair.
Additional business covered the election of a new board member, attorney George Heisler of Sanibel; and three long-time and valued directors were honored who are retiring from the board – Ginny L. Fleming, John W. Burden and John D. Schubert.
Hanser reviewed the firm’s Mission and Vision Statements reiterating that The Sanibel Captiva Trust Company and its divisions is a wealth manager, not a money manager. “The company does not sell proprietary products and has a dedicated service-oriented culture,” said Hanser. He also emphasized that there are no plans to sell The Trust Company, but to continue to grow it and increase employees’ and board members’ opportunity to purchase shares. “We also started our Employee Stock Ownership Plan last year,” explained Hanser, “and it was with a great sense of pride that we could provide our employees with such a valuable retirement benefit.”
Addressing the safety and soundness of the firm, Hanser noted that The Trust Company is audited by both the State of Florida Office of Financial Regulation and Crow Horwath. He introduced Darryl S. Gordon, CFE as the Holding Company’s Chief Compliance Officer, who was acquired last year to oversee The Trust Company’s adherence to laws and regulations, and to develop policies and procedures aligned with industry ethics and protecting client assets. Also recognized, was attorney John Giordano of Bush Ross Attorneys at Law, whose firm was reaffirmed for 2017 as the company’s chief counsel.
Terry Igo, CEO went over the strategic direction of the company. In addition to the core offices, he detailed the activity of the new satellite markets and the positive growth Marco Island and Belleair have experienced since opening last November. He also highlighted robust strategic marketing activity, designed to grow business, while supporting client and company causes throughout the markets. All employee promotions were also recognized.
The final tally of assets under management in 2016 was $1,413,497,808 and revenues increased year over year at a rate of 10.4 percent. “We have a fully staffed company at this time and have a clear direction of how we want to grow,” said Igo. “Expenses are decreasing and net profits are increasing, so our growth projection is healthy for the coming year.”
Controller, Nancy Hackett, vice president, confirmed the projection in her presentation on the health of the company, followed by Chief Investment Officer, Ian N. Breusch, CFA who detailed the firm’s investment strategy and asset allocation.
(Photo) Terry Igo, CEO (left) and Al Hanser, Founder and Chairman (right) congratulate retiring board members (center left to right) John Schubert, John Burden and Ginny Fleming.