Spinnaker Trust
Spinnaker Trust is an independent, employee-owned wealth management and trust services firm founded in 2000 in Portland, Maine. It manages $3B+ in assets for 500+ clients, including high-net-worth families, institutions, and 65+ ESOP companies across the Northeast.
- Company typePrivate
- Founded2000
- HeadquartersPortland, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Spinnaker Trust does
Spinnaker Trust is an independent, employee-owned wealth management and trust services firm headquartered in Portland, Maine, founded in 2000 by Dick Curran and serving clients since 2001. The firm manages more than $3 billion in assets for over 500 client relationships nationwide, with a $1 million minimum on its wealth management offering and a regionally focused ESOP trustee practice covering New England, New York, New Jersey, and Pennsylvania. In 2017 the firm converted to an Employee Stock Ownership Plan, becoming majority employee-owned under the leadership of President and CEO Amanda V. Rand.
The firm operates four core service lines. Wealth Management combines financial planning with multi-asset investment management spanning ETFs, individual stocks, fixed income, alternatives, private equity, hedge funds, renewable energy, fossil-fuel-free portfolios, and proprietary real estate investment funds. Trustee Services administers marital, credit-shelter, charitable, GRAT, special-needs, and ILIT structures. ESOP Trustee Services provides independent fiduciary trustee, valuation, ERISA compliance, and participant education across 65+ ESOPs in construction, manufacturing, retail, engineering, architecture, financial services, and insurance, supported by $15 million in fiduciary insurance and two ASA-credentialed valuation specialists. Real Estate Services includes consulting, commercial lease negotiation, sale/purchase guidance, and proprietary funds investing with operating partners in select U.S. markets.
Spinnaker generates revenue primarily through recurring AUM-based fees on wealth management, with separate fee schedules for trustee services (annual minimums billed quarterly in advance, plus hourly rates for additional work). Financial planning is bundled at no incremental charge into the AUM relationship. The 40+ person team includes CFAs, CPAs, CFPs, MBAs, and attorneys, and senior leadership combines tenure with external experience from Brown Brothers Harriman, H.M. Payson, Fidelity, UBS, Chase Manhattan Private Bank, Santander, Citigroup, and Wells Fargo. Marketing is content-led through the 'From The Helm' newsletter, regional and national media appearances, and nonprofit board participation, reflecting a relationship-driven rather than technology-driven go-to-market.
Spinnaker Trust firmographics
Firmographics- Name
- Spinnaker Trust
- Legal name
- Spinnaker Trust
- Website
- https://spinnakertrust.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Spinnaker Trust is an independent, employee-owned wealth management and trust services firm founded in 2000 in Portland, Maine. It manages $3B+ in assets for 500+ clients, including high-net-worth families, institutions, and 65+ ESOP companies across the Northeast.
- Ownership category
- akta.pro rank
Spinnaker Trust industry classification
Industry- Product category
- Wealth Management & Trust Services
- NAICS
- Trust, Fiduciary, and Custody Activities (523991), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Estate Planning, Trust Structuring & Governance (FSAAADAF)
- akta.pro secondary industries
- Personal & Family Trust Services (FSAAANAA), Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Trust Administration & Fiduciary Accounting Services (FSAAANAF)
Keywords
Where Spinnaker Trust is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Spinnaker Trust business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales, Infrastructure
Revenue model
- Assets Under Management (AUM) Fees: Spinnaker charges a fee on assets under management so that their interests are aligned with those of their clients. This is their primary revenue model for wealth management services. No additional fee is charged for financial planning services.
- ESOP Trustee Services Fees: Separate fee schedule for trustee services including ESOP trustee services. Has a minimum annual fee; size of company and complexity of the plan are considered when determining annual fee. Annual fee is billed quarterly, in advance. Additional services provided at hourly rates.
- Trustee Services: There is a separate fee schedule for trustee services separate from wealth management AUM fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | $1M+ investable assets with AUM-based fee |
| Subscription | Quarterly | ESOP Trustee Services with minimum annual fee plus hourly rates |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Spinnaker Trust product offering
Product offeringCore offering
Spinnaker Trust is an independent, employee-owned trust company providing fee-based wealth management, trustee, ESOP trustee, and real estate services to high-net-worth individuals/families, institutions, family offices, and ESOP companies. The firm delivers coordinated financial planning, investment management (ETFs, stocks, fixed income, alternatives), and specialized fiduciary services nationwide from its Portland, Maine headquarters, with a minimum of $1M in investable assets for wealth management clients.
Product overview
Spinnaker Trust offers a unified suite of wealth management services centered on trust administration and investment management. The core offerings include Wealth Management (financial planning and investment solutions), Trustee Services (trust management for various trust structures), ESOP Trustee Services (independent fiduciary services for employee stock ownership plans), and Real Estate Services (consulting and proprietary investment funds). The firm operates as a full-service trust company providing coordinated planning across these service areas, with a team-based approach that includes investment, tax, trust, estate, and real estate experts.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management
Quantifiable outcome
- Manage $3B+ in client assets across 500+ clients
- +1 more outcomes
Companies that use Spinnaker Trust
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Spinnaker Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Spinnaker Trust partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Spinnaker Trust competitors and assessment
Company assessmentDirect peers
- H.M. Payson & Co. Portland, Maine-headquartered wealth management and trust firm that historically competed for the same HNW/family/ESOP clients in northern New England. Multiple Spinnaker team members (Kaijala, Stefanowicz, Hamblen) previously worked at H.M. Payson, making it the closest structural and geographic direct competitor.
- Camden National Trust & Wealth Management: Maine-based trust and wealth management arm of Camden National Bank serving individuals, families, and institutions across the same New England geography as Spinnaker, with overlapping personal trust, estate, and investment services.
- Acadia Trust: Maine-headquartered independent trust company founded by Spinnaker founder Dick Curran's former employer. Provides personal trust, estate, and investment services to similar clientele and represents the trust-company model Spinnaker was specifically built to modernize.
- GenSpring Family Offices: National multifamily office providing integrated wealth advisory, trust, and family-governance services to HNW families - directly comparable in service breadth to Spinnaker's family-office-style offering for select families.
- Loring, Wolcott & Coolidge (LWC): Boston-based independent trust company providing personal trust, investment management, and estate services to wealthy New England families - among the closest comparables on geography, independence, and integrated trustee-plus-investment model.
Broad incumbents
- Bessemer Trust: Large, multifamily-office-style wealth and trust firm serving UHNW families with integrated investment management, trust administration, and family office services - the scaled-up analog of Spinnaker's integrated model and a likely competitor as clients grow.
- Brown Brothers Harriman (BBH) Wealth Management: Large private, partnership-owned wealth and trust firm where Spinnaker Vice Chairman Bob Gould previously co-founded the private equity business. BBH represents the scaled trust-company archetype Spinnaker's team was partly built around.
- Wilmington Trust: Established corporate and personal trust company providing independent fiduciary services for HNW families, foundations, and ESOP-adjacent mandates - comparable in fiduciary positioning and corporate-trustee offering.
- Northern Trust Wealth Management: National trust-bank leader offering integrated wealth management, personal trust, and family-office services for UHNW clients - a competitive benchmark for scale, capabilities, and pricing pressure in the HNW trust segment.
- Rockefeller Capital Management: Independent, family-led multi-family office and wealth manager offering investment advisory, trust, and family-office services to HNW/UHNW clients - a national-scale competitor with comparable independence and integrated service model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Spinnaker Trust social profiles
Digital presenceSpinnaker Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spinnaker Trust leadership team
Management profileNumber of profiles
Profiles7 records
Spinnaker Trust funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spinnaker Trust M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spinnaker Trust
What does Spinnaker Trust do?
Spinnaker Trust is an independent, employee-owned trust company providing fee-based wealth management, trustee, ESOP trustee, and real estate services to high-net-worth individuals/families, institutions, family offices, and ESOP companies. The firm delivers coordinated financial planning, investment management (ETFs, stocks, fixed income, alternatives), and specialized fiduciary services nationwide from its Portland, Maine headquarters, with a minimum of $1M in investable assets for wealth management clients.
Is Spinnaker Trust a public or private company?
Spinnaker Trust is a private company. It is classified as management employee owned and is currently operating.
When was Spinnaker Trust founded?
Spinnaker Trust was founded in 2000. It employs 11 to 50 people.
Where is Spinnaker Trust based?
Spinnaker Trust is headquartered in Portland, United States, in the North America region.
How does Spinnaker Trust make money?
Three revenue lines are on record. Assets Under Management (AUM) Fees are the primary driver. The others are ESOP Trustee Services Fees and trustee Services.
Who are Spinnaker Trust's main competitors?
Direct peers on record are H.M. Payson & Co., Camden National Trust & Wealth Management, Acadia Trust, GenSpring Family Offices and Loring, Wolcott & Coolidge (LWC). Broad incumbents are Bessemer Trust, Brown Brothers Harriman (BBH) Wealth Management, Wilmington Trust, Northern Trust Wealth Management and Rockefeller Capital Management.
Does Spinnaker Trust have an API?
No public API is recorded for Spinnaker Trust.
What industry is Spinnaker Trust in?
Spinnaker Trust's product category is Wealth Management & Trust Services. Its primary akta.pro industry code is FSAAADAF, Estate Planning, Trust Structuring & Governance, with a secondary code of FSAAANAA, Personal & Family Trust Services. Its NAICS code is 523991 and its SIC code is 6282.