St. Louis has been a great market for Cumberland. After several steady years working with clients and partnering with advisors in the St. Louis area, we have found that the market is looking for a truly independent fiduciary.
St. Louis, Mo. (PRWEB) September 28, 2016
Cumberland Trust, an independent partner to advisors providing comprehensive trust services to families, has opened a new office in St. Louis, Mo. following years of serving families in the area through its Nashville, Tenn. headquarters.
“St. Louis has been a great market for Cumberland. After several steady years working with clients and partnering with advisors in the St. Louis area, we have found that the market is looking for a truly independent fiduciary,” said Michael Orr, the head of the St. Louis office.
St. Louis is home to 19 Fortune 1000 companies, including Anheuser-Busch Companies, Inc., Emerson Electric, May Department Stores and Graybor Electric. It has the thirteenth highest concentration of Fortune 500 companies in the country. The city boasts three of the nation's 100 fastest-growing companies and supports a strong manufacturing sector. It is also the base for the Eighth Federal Reserve District Bank and several national insurance and brokerage firms.
The result of this stability and growth is a significant accumulation of wealth that families are seeking to pass down to future generations. Among the strengths Cumberland Trust has is a focus on distinctive care. This includes living or revocable trusts used to coordinate, implement and monitor all of the services necessary to improve the quality of care and the quality of life of an aging couple or individual. It also protects assets from scammers and predators, who prey on the elderly or infirm.
The firm also specializes in the administration of family foundations, family offices, special needs trusts and the managing unique assets including privately held businesses, real estate and large asset concentrations. The office is located at 7733 Forsyth Boulevard and can be reached by calling (314) 236-2875.
About Cumberland Trust
Cumberland Trust is an independent partner to advisors providing comprehensive trust services to families. As a dedicated corporate fiduciary that does not manage money, we complete the family’s trusted team of advisors which often includes their estate planning attorney, financial advisor and accountant. Since each team member brings their own individual expertise to the table, the family is better advised on the complexities of wealth transfer. Founded in 2001, Cumberland Trust has $2.3 billion in assets under administration. For more information, please visit us at http://www.cumberlandtrust.com.