Florida Trust Wealth Management hosts 2026 Shareholders’ Meeting
Posted on April 9, 2026
SanCap Group, Inc., the holding company of Florida Trust Wealth Management, formerly Sanibel Captiva Trust Company, held the 25th Annual Shareholders’ Meeting Wednesday, March 25, at the Marriott Sanibel Harbour Resort & Spa in Fort Myers. Approximately 65 shareholders attended, including clients, employees and board members, just days before the 25th anniversary of the official opening of the original Trust Company office on April 1, 2001.
Founder and Chairman Al Hanser spoke of the growth since launching the organization with a handful of dedicated people and followed up by displaying the teams across all the company’s offices with more than 70 team members today.
Hanser mentioned that Florida Trust executes business based on its mission, vision and values.
“Our mission is clear. We know who we are and the needs that must be met for our clients. Our goal is always to provide our very best counsel and execution, no matter what the circumstances or stage of life our clients may be in at that time,” he said.
CEO Terry Igo reiterated Hanser’s sentiments regarding doing what is best for clients as he discussed the history of the company and the efforts it took to become the success it is today. Igo said Hurricane Charley helped set the bar in 2004 when the small-but-committed Trust Company team took care of its clients and watched after homes on Sanibel and Captiva islands. People recognized the difference between a large out of state corporate entity versus a grassroots trust and investment firm composed of neighbors.
Igo said the organization and assets under management continued to grow through some of the markets’ most volatile years since 2001, including the tech bubble, 2008-2009 financial crisis, COVID-19 and supply chain issues. They’ve been navigated by the experience and strong leadership of Hanser, and the company frequently outperformed the market through these events.
“This is what often happens when investors flee to safety and trust in a consistent long-term investment strategy,” Igo said.
Igo pointed out several significant growth periods for the firm. In 2013, it had $1 billion in assets under management; six years later in 2019, that grew to $2.5 billion, and today it’s valued at almost $6 billion.
“Most competitors of our size in Florida have sold,” he said. “The trust business is not easy. You must have a passion for it, and Florida Trust happens to execute this business extremely well.”
Other presenters included Chief Financial Officer Beth Weigel, who spoke on business profitability. She highlighted that the company’s share price has more than tripled in the last 10 years, growing from $27 a share in 2016 to $84 a share today. She also pointed out that $48 million has been distributed back to shareholders in that time.
Chief Operating Officer Ian Breusch followed Weigel and continued the discussion about growth, noting that13 team members of the next generation were acquired last year, as well as the many promotions and strategic internal employee moves that allow for career advancement. He also spoke about staying ahead of the curve on technological integration and the efficiencies of AI.
Speaking on a highly trending topic, Kristian Jhamb, chief investment officer, discussed current geopolitical issues and their effects on the markets. He demonstrated how even with intermittent turmoil in the Persian Gulf, Strait of Hormuz, etc., portfolios can weather volatility and often end up stronger and higher for it.
Finally, wealth advisor Lucas DeVicente spoke of his team’s new office that opened in St. Petersburg last October and the warm welcome from the local business community and prompt escalation in new business.
The meeting concluded with a champagne toast marking a quarter century in business.
For more information about Florida Trust Wealth Management and its services, visit FloridaTrust.com.
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