Richmond, VA. – Cumberland Trust, a Nashville-based independent trust company, today announced the opening of its newest office in Richmond, Virginia. This expansion comes amidst continued growth for Cumberland Trust, which recently surpassed $9.5 billion in client assets under administration.
“As Cumberland Trust steadily increases its presence nationwide, adding a Virginia office is a natural step for the company,” said Jennie Menzie, CEO & President of Cumberland Trust. “It signals our commitment to the state and will allow us to continue to meet demand from partners and clients in the region who value our open architecture platform and premier client service.”
The company already administers a sizable asset base on the East Coast, including the Mid-Atlantic. Cumberland Trust’s new Richmond address aligns with its goal of supporting more individuals, families, and their financial, legal, and tax advisors in the region.
“During this period of growth, Cumberland Trust’s Virginia office will allow us to proactively deliver expert, personalized trust and estate administration to even more families and their advisors,” said Michelle Diamond, Chief Development Officer.
The Richmond office will have an eye on growth to service the area. Heather Savage, Senior Vice President & Business Development Officer, will continue to lead development efforts in Virginia. Will Ellison, Business Development Officer, will work alongside Savage in supporting the commonwealth. Savage and Ellison prioritize relationship building with the estate planning communities in the region to connect individuals, families and their financial, legal, and tax advisors with Cumberland Trust’s personalized trust solutions.
Headquartered in Nashville, Tennessee since its founding in 2001, Cumberland Trust has additional offices in Atlanta, Austin, Dallas, Chattanooga, Knoxville, Memphis, Philadelphia, Tampa-St. Pete and St. Louis. The newest office is located at 6802 Paragon Place, Suite 410, Richmond, VA 23230 and is Cumberland Trust’s 11th location.
To contact Cumberland Trust’s Richmond office, call 804.234.8690.