Magnolia Trust Company, a company owned by the shareholders of Moore Colson CPAs and Advisors in Atlanta, has opened its main office in Chattanooga. The company provides individualized and independent trust administration services for high-net-worth individuals and families, including regional privately held businesses owners, foundations, family offices and charitable organizations.
Magnolia Trust Company is one of 15 state-chartered trust companies in Tennessee and it is the only Tennessee-chartered trust company that was founded on the expertise of seasoned certified public accountants and attorneys. Officials said Magnolia offers high levels of skill attained from its founders’ experiences over decades in tax accounting, law and trust services. Magnolia is also unique in focusing solely on trust administration to provide independent, objective guidance and management, and thus does not serve in the area of investment management.
“What Magnolia offers is a balanced approach between traditional and cutting-edge trust administration techniques," said President and CEO of Magnolia Trust Company Eric Ratliff. "Magnolia thus brings an exclusive trust planning and administration service as a Tennessee-chartered trust company based on many years of technical trust, tax and legal expertise. Our goal is to faithfully serve the Chattanooga market. We look forward to serving the region by providing insightful, vigilant dynastic trust planning strategies for our clients and having meaningful impact on the myriad of income and estate tax issues.”
Officials said Magnolia Trust Company takes a client-centered approach to helping individuals and families achieve their aspirations and create long-lasting legacies. The team works with clients’ investment managers, CPAs, legal counsel, insurance professionals, valuation consultants, bankers and other advisors to provide strategic, coordinated collaboration and holistic trust administration. As independent advisors, Magnolia works alongside the client’s existing team of advisors to develop and execute trust planning strategies with an emphasis on tax planning.
“At Magnolia, we provide clients with thoughtful, transparent services,” said Rhett Zeigler, vice president and director of fiduciary services. “Chartered in Tennessee, one of the country’s leading trust jurisdictions, Magnolia is well-positioned to advise clients on its unique trust and tax advantages and compliance requirements. We know our clients are successful and practiced a lifetime of hard work and fiscal responsibility. As a fiduciary, we have one goal: We place client interests above all else, preserving legacies for generations to come.”
Located in the Volunteer Building at 832 Georgia Ave. in Suite 401, Magnolia Trust Company is open Monday through Friday. Those interested in learning more can visit MagnoliaTrust.com or call 443-4777.