Arden Trust Company Appoints Industry Leader Doug Sherry as New President
by Arden Trust
Arden Trust Company (Arden Trust), a limited purpose trust company under the ownership of Kestra Holdings, today announced the hiring of Doug Sherry, who will succeed Michael Roberts as President of the firm.
In this role, Sherry will have strategic and tactical responsibility for all fiduciary matters, the stability of platform and services, compliance, integration with Kestra Holdings, management of all branch administration, and company growth. Roberts, meanwhile, is retiring as President but will serve as President Emeritus through the end of 2021 and continue serving on Arden Trust’s board as an outside Director.
“Doug brings a wealth of managerial and operational insight to Arden Trust,” said Roberts. “We’re confident he will utilize his broad skill set to guide our firm toward continued growth, and we firmly believe he is the right person to ensure the success of Arden Trust long into the future.”
Sherry brings extensive industry experience from Fortune 500 companies and national banks, as well as a broad base of knowledge in fiduciary governance, trust and investment management, regulatory compliance, risk management, and all aspects of P&L. Additionally, he draws on more than 20 years of management experience, with a focus on improving productivity, performance, and profitability.
“I was attracted to Arden Trust because of their dedication to providing a holistic approach to client service,” said Sherry. “I’m looking forward to leveraging my targeted experience and expertise to promote the continued expansion and evolution of Arden Trust’s service and value.”
Sherry received a Bachelor of Science in administration of justice from California State University, Hayward, and a Juris Doctor from the University of San Francisco School of Law. Prior to joining Arden Trust, he held senior roles at various wealth management institutions, including U.S. Bank, Wells Fargo Bank, J.P. Morgan Chase, and more.
About Arden Trust Company
Arden Trust Company (Arden Trust) is a Wilmington, Delaware-based limited purpose trust company with more than $9 billion in assets under administration. Arden Trust has more than 90 employees in eight locations and accepts appointments as Agent for Trustee/Guardian/Executor, Co-Trustee, Custodian, Discretionary Trustee, and Directed Trustee for all types of personal trust accounts. Arden Trust works with financial advisors to offer trust services that preserve the advisor/client relationship, administering more than 5,000 trust accounts, including Life Insurance Trusts and Special Needs Trusts.
About Kestra Holdings
Kestra Holdings offers industry-leading wealth management platforms for independent wealth management professionals nationwide. With an innovative culture that celebrates independence, the company seeks to redefine the future of the advisory industry through superior service, cutting-edge technology, and preeminent resources that every financial professional needs to succeed in the market now and in the years to come.
Kestra Holdings companies collectively oversee $122 billion in assets under administration (AUA) and support more than 2,400 independent financial professionals across the country in delivering comprehensive securities, trust, and investment advisory services to their clients.
Kestra Holdings is the direct or indirect parent company of Arden Trust Company, Bluespring Wealth Partners, LLC (including its investment adviser and wealth management firm subsidiaries), Kestra Investment Services, LLC, member FINRA/SIPC, Grove Point Investments, LLC, member FINRA/SIPC, as well as Kestra Advisory Services, LLC, Kestra Private Wealth Services, LLC, Grove Point Advisors, LLC, and Kestra Institutional Services, LLC, all federally registered investment advisers.
Learn more about Kestra Holdings.
Contacts
Gregory FCA for Kestra Holdings
Erin Jacob, 610-200-0566
kestra@gregoryfca.com