Cumberland Trust Reaches $3 Billion In Assets

Monday, April 23, 2018

Cumberland Trust, an independent corporate trustee serving clients in 48 states with nine offices including one in Chattanooga, announced that it has surpassed $3 billion in assets under administration.

“This milestone means families are trusting us to put their legacy in our hands,” said Justin Smith, Regional Development Officer who leads the Chattanooga office. “In Chattanooga, our focus on people, their needs, and their values has resonated. Most importantly to us, growth simply means we are helping more and more families. We’re thankful for the many who have trusted us allowing us to reach this milestone.”

Cumberland Trust began in 2001 in Nashville as a firm specializing in trust and estate administration. The Chattanooga office continued that specialization and extended its footprint when it opened in 2008. Since it focuses exclusively on being a corporate trustee, not a financial or legal advisor, it opened the door for collaboration with advisors throughout the Chattanooga-area and region, officials said.

The firm finished with just over $6 million at the end of its first year. In that time, it has expanded its national footprint to include offices throughout the country, providing trust management services to clients in 48 states and growing its employee count from four individuals at its start to more than 100 people in 2018.

In addition to its Chattanooga and Nashville offices, Cumberland Trust also has offices in Atlanta, Austin, Dallas, Knoxville, Memphis, St. Louis and Tampa-St. Petersburg.

The Chattanooga office is located at 633 Chestnut St., Republic Centre, Suite 1540.



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