About Spinnaker Trust
Our History
Spinnaker Trust is a Maine bank chartered as a non-depository trust company. The firm was founded by Richard E. Curran, Jr. in December of 2000 as Spinnaker Advisors and began managing assets as Spinnaker Trust in April 2001. Spinnaker began operations on Milk Street in Portland’s Old Port District and received its bank charter in August of 2001.
At the end of 2001, Spinnaker rolled out its first fund of hedge funds, Spinnaker Diversified Managers Fund. This fund gave clients access to a diversified allocation of hedge fund managers, selected and overseen by Spinnaker professionals.
By 2003, Spinnaker managed over $100,000,000 and, by the end of 2004, twice that.
In 2007, Spinnaker launched its first private equity fund exposing its clients to another asset class. Spinnaker Trust also adopted an Employee Stock Ownership Plan (“ESOP”), allowing employees to become owners.
In 2009, Spinnaker launched its first commercial real estate fund to clients.
In 2010, Spinnaker was managing over $500,000,000 and had 14 employees.
2011 brought a need for more space and a move to 123 Free Street in the Arts District of Portland.
In 2012, Spinnaker Trust merged with Ram Trust Services, another Portland trust company, founded in the 1970s. Ram had a long history of serving wealthy families around the country and brought tax, private equity, and real estate expertise to the combined firm. Spinnaker Trust assets under management grew to over $1 billion.
Also in 2012, Spinnaker launched its Fossil Fuel Free Portfolio, which allows investors to divest their portfolios from fossil fuel investments
In 2015, Spinnaker named Amanda Rand, Bob Gould, Sara Lewis and Jessamyn Norton as Principals of the firm, joining founder Dick Curran as owner-managers. Spinnaker also adopted a long-term ownership succession model, ensuring that Spinnaker will be able to attract the most able talent and remain predominately owner-managed for many years.
Today, Spinnaker Trust manages over $1.2 billion for over 300 separate clients.
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Dartmouth College, AB, MBA
Harvard Law School, JD
Boston University, LLM
Spinnaker Trust, Director
University of Vermont, BA;
University of Maine School of Law, JD, cum laude
Maine Estate Planning Council
Maine State Bar Association, Trusts & Estates Section
Thomas College, BS; University of Southern Maine, MBA
State of Maine Notary Public
Certified Trust and Financial Advisor
Yale College, BS
NYU Stern School of Business, MBA
Spinnaker Trust Director
New England Aquarium, Board of Overseers
Yale School of Management, Advisory Board
Squash Haven Inc., Board Member
Skillman Associates (the friends of Yale Squash), Board Member
The Hotchkiss School, Investment Committee
Prouts Neck Association, Past President
BPI Partners, Co-Manager
Bentley University, BS, cum laude
Portland Trails, Board Member
Chamber of Commerce, Ambassadors Council
Junior League of Portland, Member
Thomas College, MST
Certified Public Accountant
American Institute of Certified Public Accountants
Maine Society of CPAs
Maine Estate Planning Council
Cannon Trust School
Maine Estate Planning Council
State of Maine Notary
Notary Public
American Foundation for Suicide Prevention, Field Advocate
Greater Portland Out of the Darkness Walk, Co-Chair
Boston College, BA
Chartered Financial Analyst
Maine CFA Society, Member
Friends School of Portland, Board Member
LearningWorks, Board Member and Treasurer
Lift360 Emerging Leaders Program, Graduate
University of Vermont, BS
Portland Stage Company, Board Member
Falmouth High School Varsity Lacrosse, Volunteer Coach
Lehigh University, BS
Spinnaker Trust, Director
Maine Campus Compact, Board Member
Investment Committees:
Spurwink Services, Inc.
Maine Women’s Fund
Scarborough Land Trust
Planned Parenthood of Northern New England
St. Lawrence University, BA
MaineShare, Director
Lift360 Emerging Leaders Program, Graduate
Wheaton College, BA; University of Chicago Booth School of Business, MBA
Chartered Financial Analyst
Maine CFA Society, Director
Boston Security Analysts’ Society
LearningWorks, Board Member
Boston College, BA
Community Food Pantry for the Town of Freeport, Volunteer
Active Living Community Task Force for Freeport
Hamilton College, BA
President of The Victoria Mansion Board of Trustees
Town of Yarmouth Investment Committee
North Yarmouth Academy Board of Trustees
College of the Holy Cross, BA
Certified Financial Planner® Certificants of North America
Financial Planning Association
Make-A-Wish Foundation, Board Member
Maine Estate Planning Council
Maine Medical Center Community Ambassador Council
Roman Catholic Diocese of Portland Finance Council and Investment Committee
Olympia Snowe Women’s Leadership Institute Corporate Development Committee
SUNY Geneseo, BS Accounting
The ESOP Association
National Center for Employee Ownership (NCEO)
Smith College, AB; Western Kentucky University, MA; Andover College, Certificate in Paralegal Studies
Professional and Civic Boards and Memberships:
Maine Estate Planning Council
Duke University, BA; Harvard Law School, JD
Welch Supporting Organization, Maine Community Foundation, Director
MaineHealth, Corporator
Alfond Scholarship Foundation, Director
Center for Grieving Children, past President of the Board
Maine Estate Planning Council
Maine Bar Association
Spinnaker Trust, Director
Michigan State University, BS; University of California at Irvine, Paralegal Certificate
State of Maine Notary Public
Board of Directors:
Richard E. Curran Jr., Esq., Director
Spinnaker Trust
Robert R. Gould, Director
Spinnaker Trust
Christian L. Barner, Esq., Director
Bergen & Parkinson, LLC
John H. Schiavi, Director
Schiavi Enterprises
James D. Delamater, Director
Delamater Financial Consulting Group, LLC.
Amanda V. Rand, Esq., Director
Spinnaker Trust
Sara E. Lewis, Director
Spinnaker Trust
