Adelphi becomes state’s first female-founded trust company
Summary
At the same time, we scratch our heads a little bit that its 2022 before that happened.Pemble said Adelphis launch comes about five years after she realized that a female-led and owned firm could benefit clients, the industry and women in general. As a trust and estate attorney, Pemble said Byrnes worked for a prominent law firm before transitioning to the financial side. We really believe that St. Petersburg is the right place to launch the next privately owned trust company in Florida, and theres only 14 of us.As Baby Boomers continue to age, Pemble noted the nation is undergoing the Great Wealth Transfer. She relayed that throughout their careers, Adelphis co-founders have often witnessed financial firms that do not cater to the needs of women or speak to them in a meaningful way.As a female-owned company, Pemble believes that Adelphi will provide an opportunity for those clients to receive the same service and advice as their male counterparts.She added that research also shows that female financial advisors focus more broadly on an individual or familys long-term goals when offering advice, rather than just investment performance over the last year. While she stressed that prudent investing is always an important part of planning for the future, she believes that women often get to know clients and their heirs a little deeper, which allows for more productive and meaningful communication across multiple generations.Pemble expects Adelphis unique hierarchy to attract female clientele but emphasizes the company will operate like any other business.