Women-led financial advisory firm receives charter, breaks new ground

Adelphi Trust received its charter from Florida Office of Financial Regulation on Aug. 12 at its office in St. Petersburg, officially making it the only trust company in Florida to be founded, managed and majority-owned by women. The firm will provide a range fiduciary services to clients, including investment management, wealth strategies, estate settlement, trust administration and legacy planning.

“The demographics of wealth are changing dramatically nationally and in Florida, and the pace of that change is projected to increase exponentially over the next 20 years,” co-founder and CEO Katie Pemble states in a news release. “At Adelphi, we’re dedicated to personalized planning and attention to every client. Everyone deserves to have a well-designed and documented plan, which is what motivated us to create a new industry leader in this space.” 

Adelphi Trust will open to the public on Sept. 1. It’s located on the 12th floor of the City Center building in downtown St. Pete.

“This is a landmark moment for the state of Florida and the nation,” states Kathleen Shanahan, an Adelphi Trust board member and CEO of Turtle & Hughes, an electrical/industrial distribution company, in the release. “To finally have a woman-owned and woman-led trust company here in Florida means women have reached the upper echelons of capital management and banking. Adelphi is that valuable, trusted platform to those seeking financial and legacy guidance.”