Cumberland Trust, a Nashville-based independent trust company recently surpassing $10 billion in assets under administration, announces the addition of Rachel DeLauro, based in Tampa-St. Pete, Florida, to its team. As Business Development Officer, DeLauro connects individuals, families and their financial, legal, and tax advisors with Cumberland Trust’s personalized directed trust and estate administration services. Leading development efforts in Florida, she will continue to expand Cumberland Trust’s presence in the state by building relationships with professionals in the estate planning community and the clients they serve.
“We are delighted to welcome Rachel to Cumberland Trust. Rachel’s leadership in Florida will be invaluable as we engage with clients and their professional advisors across the state to provide best in class trust and estate administration services,” said Jennie Menzie, CEO and President.
Rachel brings with her over 30 years of experience consulting with investment advisors, attorneys, accountants, portfolio managers and private bankers in the acquisition of multi-generational investment portfolios using fiduciary administration and asset management strategies, Rachel brings significant breadth and depth to Cumberland Trust’s Florida market. She has extensive background in the creative use of fiduciary strategies such as directed trusts, charitable trusts, and asset protection trusts used in high and ultra-high net-worth legacy planning.
An accomplished leader in the areas of wealth management, estate and wealth transfer planning, private banking, and relationship management, Rachel has significant industry knowledge. Most recently, Rachel served as Senior Vice President and Director—Private Wealth Advisor for BMO Bank in Southwest Florida. Prior roles include senior-level wealth management and banking positions with Bank of the West in Greater Los Angeles and First Hawaiian Bank in Honolulu, HI as well as Oregon, Washington, and Idaho.
“Rachel’s extensive experience in wealth planning strategies and her passion for building meaningful partnerships will be a tremendous asset to our Florida market as we continue to grow our presence in the state. We’re excited for future growth in the region with the addition of Rachel to our team,” said Michelle Diamond, Chief Development Officer.
Rachel earned a Bachelor of Arts degree from the University of San Diego in Alcala Park, California and holds an MBA from Chaminade University in Honolulu, Hawaii. Additionally, she is a graduate of the CFP® Professional Certification Program at the University of Hawaii, the CTFA Program at Emory University, and the BNP Women Entrepreneurship Program at Stanford University. She holds the Certified Financial Planner (CFP®) and Certified Trust and Fiduciary Advisor (CTFA) designations.
Cumberland Trust has grown to over $10 billion in assets under administration. The company continues to expand its reach nationwide with regional offices located in Atlanta, Austin, Chattanooga, Dallas, Knoxville, Memphis, Philadelphia, Richmond, St. Louis, and Tampa-St. Pete.