CHARLOTTE, N.C.--(BUSINESS WIRE)--The principals of Colony Family Offices® are pleased to announce that they received regulatory approval from the North Carolina Banking Commission to open Colony Trust Company℠, LLC. It is the first newly chartered North Carolina public trust company in over eight years. Colony Trust Company will provide boutique trustee and estate administration services to families with significant wealth. The creation of an independent trust company was initially based on the idea of solving for the specific needs of existing client families. As a public trust company, Colony Trust Company will be available to offer services to new families as well.
As professional trustees, we have the technical expertise and flexibility to serve families in a variety of ways including:
- Sole corporate trustee with full fiduciary powers
- Co-trustee with an individual trustee to guide them in their fiduciary role
- Directed trustee with a third-party committee, trust protector and/or investment advisor
- Successor trustee to the grantor
- Executor, co-executor or agent
- Trust protector
Colony Trust Company’s leadership team is comprised of the following individuals:
- Eric D. Ridenour - President, CEO, Treasurer & Trust Officer
- Kathryn R. Habluetzel – Chief Operating Officer, Controller & Trust Officer
- W. Thomas Byrd – Chief Investment Officer
- C. Shannon Elliotte – General Counsel, Secretary & Trust Officer
- Sarah K. Brock – Chief Compliance Officer & Trust Officer
- David M. Parker – Portfolio Manager & Trust Officer
Our officers will serve under the direction of the Board of Directors which include key officers and three external board members: T. Michael Henderson, Marshall T. Walsh and Carter G. Thompson.
We will serve client families by exercising sound and prudent judgment based upon our fiduciary duties, experience, and collective knowledge. By truly understanding our families, we can be nimble, flexible, and practical in serving their needs.
About Colony Family Offices
Colony Family Offices is a comprehensive multi-family office providing fully integrated wealth planning, investment management and fiduciary services to families with significant wealth. Initially established in 2013 to serve its founding family, Colony built itself into a premier service organization with a broad range of financial expertise. Colony serves more than 20 families across the U.S. with over $1.5 billion in assets*. Our firm is comprised of seasoned professionals who were attracted to the advantages of a boutique firm focused solely on serving clients.
*Assets Under Management as of 12/31/2017 and as defined by the SEC. Colony Family Offices is a registered investment advisor. More information about the firm, including its investment strategies and objectives, can be found in our ADV Part 2, which is available, without charge, upon request. Our Form ADV contains information regarding our Firm’s business practices and the backgrounds of our key personnel. CFO-18-21
Colony Trust Company is a public trust company chartered under the North Carolina Commission of Banks. CTC-18-02
