For over 30 years, Sabal Trust has provided trusted and reliable investment management services to affluent individuals, families and organizations in Florida. These personalized relationships with you, as well as protecting your interests, are our primary goal. To ensure there are no oversights, we have specific protective measures to safeguard your financial security and growth:
Sabal Trust is licensed and regulated by the State of Florida’s Office of Financial Regulation as a “limited charter state bank.” This charter limits us to investment management, trust administration, asset custody and other non-banking activities. Although Sabal Trust is a bank, we are not permitted under our current charter to accept deposits or make loans. Bank examiners from the State of Florida review our operations, internal controls, audits, compliance activities, account administration, asset management, and financial results and trends on a regular basis.
Sabal Trust is required to have an annual Directors Audit by a qualified independent firm that includes a review of all of our account administration and asset management activities. This audit is reviewed by the board of directors and filed with state regulatory officials. In addition, our financial statements are audited annually by an outside public accounting firm and filed with the State of Florida.
Sabal Trust keeps client assets separate from corporate assets, as required by the State of Florida. Our client assets are in custody at Depository Trust Company (DTC) and the Federal Reserve through a sub-custodian arrangement with Reliance Trust Company.
The State of Florida requires trust companies to have adequate insurance protection for their business and employees. To adhere to these requirements, Sabal Trust has coverage for:
Professional liability (trust errors and omissions)
Financial institution bond
Director and officer liability
The state establishes a minimum capital level for trust companies and monitors that capital and how it is invested. Sabal Trust adheres to all requirements and files quarterly financial reports on our capital and with the State of Florida on our capital and profitability.
Sabal Trust, Florida’s largest employee-owned trust company, is proud to be owned by its directors and officers. Our directors are well-established local business owners, leaders and professionals in their communities. Many of our Principals possess more than 20 years of financial industry experience, in addition to being long-time active members of our communities. Because we are employee-owners, you can feel confident knowing the health and viability of Sabal Trust is of paramount importance to each of us.