VOL. 132 | NO. 177 | Wednesday, September 6, 2017
Halvorson Assumes New Role At Cumberland Trust
By Kate Simone
Independent corporate trust firm Cumberland Trust has promoted Rebecca M. Halvorson to senior vice president of business development and manager of regional markets. Halvorson, who joined Cumberland in 2010, is based in the company’s Memphis office.
In her new role, she cultivates relationships with families and their advisers to deliver a full range of trust services. In addition, she has management responsibilities for members of the development team and works with the company’s Nashville headquarters in strategy and planning for its eight regional offices: Memphis, Chattanooga and Knoxville, Tennessee; Atlanta, Georgia; Austin and Dallas, Texas; St. Louis, Missouri; and Tampa, Florida.
Experience: I graduated from Rhodes College and earned my MBA at Indiana University. Prior to Cumberland, I was managing director of investor relations and corporate contributions at FedEx Corp. and also served as executive director of SRVS Kids & Families.
What talent do you wish you had? My musical love is the piano. I can play most any written music but have always longed to play by ear as well.
Who has had the greatest influence on you and why? Several family members have had a tremendous influence on me. My son, Ben, is top of mind at the moment because of what he is working to accomplish. He is on track to receive a high school diploma as a member of the class of 2018. This is due to his hard work and the support of many. As a person with Down syndrome, he has taught me to expect great things, advocate for inclusion and embrace each individual’s potential.
What are your goals in your new position? My primary goal is to help Cumberland Trust continue its growth in established and new regional markets.
How does Cumberland Trust differentiate its services from other trust/estate firms? Cumberland Trust was one of the first, if not the first, trust company in Tennessee to build its business using Tennessee’s strong directed trust laws. We focus solely on trust administration, not investment management. Our platform eliminates the conflict of interest that can be present with a traditional trustee model. We provide a wide range of services including personal trust, distinctive care (elder care, special care and special needs) and estate administration.
Over the past five years, the company has doubled its assets to $2.8 billion and increased its headcount to more than 100. What kind of growth has the Memphis regional office seen during that time? The Memphis office has played an important part in that growth, experiencing a percentage increase in assets under administration that mirrors the overall growth of the firm.
What has contributed to that growth? Cumberland Trust provides a solution for clients who value the directed trustee platform and want to keep trusted advisers in place. Outstanding Tennessee trust laws and depth of experience and expertise within our firm have also contributed to growth.
In your role, you work with families as well as advisers. What are some misconceptions families may have about setting up a trust? Sometimes beneficiaries might not initially understand the purpose of the trust or rationale/necessity for a corporate trustee. We work closely with our clients to help them understand grantor’s intent, the benefits of a trust and the value Cumberland adds to the relationship.
What do you consider your greatest accomplishment? My greatest accomplishment is raising two kind, engaging, faithful children (Olivia and Ben) with my husband of almost 23 years (Joel).
What do you most enjoy about your work? I most enjoy the privilege of working with exceptional people to provide solutions for clients who need Cumberland Trust’s services.
If you could give one piece of advice to young people, what would it be? It may get bumpy, but always do your best to stay on the high road. Also, as my husband often reminds me, “Assume positive intent.”
Lehman-Roberts Co. has hired Michael Frizzell as project manager and Izaac Robinson as safety coordinator. As project manager, Frizzell is responsible for estimating upcoming paving jobs and managing current projects. He previously served as project engineer for the Mississippi Department of Transportation. Robinson started his career at Lehman-Roberts Co. as the company’s safety intern. As safety coordinator, he is responsible for assisting in the development and administration of the safety management programs; performing on-site audits at job sites, plant sites and mine sites; and collaborating with managers to monitor compliance and identify potential safety issues.
Shannon Seaton has joined Eclectic Eye as an eyewear architect, a role in which she is responsible for helping clients choose eyewear that complements their lifestyle and aesthetic. Seaton previously served as assistant director of an after-school art program at Hutchison School and as a lead sales representative at M. Palazola Produce.
Dr. Silvia N. Glaser has joined SEE Eyewear as an in-store optometrist in its Shops at Saddle Creek location. Glaser’s responsibilities include diagnosing sight problems and eye diseases; performing eye examinations and vision tests; and fitting and prescribing contact lenses and glasses. She has practiced in corporate optometry for the past 19 years.
David Golding has joined the Memphis office of Turner Construction Co. as an engineering assistant. Golding graduated from the University of Memphis in May with a bachelor’s degree in mechanical engineering. While attending the U of M, he was also dually enrolled at Christian Brothers University for two years. As engineering assistant, Golding will assist in the engineering and administration of projects primarily in Turner’s Special Projects Division.
Self+Tucker Architects has been named a 2017 Emerging Professional Friendly Firm by the American Institute of Architects. The Emerging Professional (EP) Firm program recognizes architecture firms in Tennessee that display an outstanding commitment to the development of their EP staff, which is defined by the AIA as a student, recent graduate or architect that has been licensed within the last 10 years.