Last week, Sanibel Captiva Trust Company announced that Patrick Dorsey, nationally known market analyst and former director of equity research for Morningstar, Inc., will join the company as vice chairman, director of research and strategy, effective March 28.
Dorsey, a driving force behind the development of Morningstar’s equity research process as well as Morningstar’s economic moat ratings, will work with Sanibel Captiva Trust Company to lead the firm’s investment research and portfolio management efforts. He will also serve as chairman of Sanibel Captiva Trust Company’s asset management committee.
Adding to Sanibel Captiva Trust Company’s significant investment expertise, Dorsey will enhance the firm’s disciplined approach to investing and help broaden the services currently offered to its clients. In his new role, Dorsey, currently a Sanibel Captiva Trust Company board member, will oversee all research efforts, assist in new business development, and help oversee certain major client accounts.
Dorsey will also manage the company’s recent investment in Suncoast Equity Management, an institutional investment management firm based in Tampa, Florida. His nationally recognized research capabilities will deepen the company’s investment analysis efforts.
“We are honored and flattered that Pat is joining us,” said S. Albert D. Hanser, Sanibel Captiva Trust Company’s Founder, Chief Executive Officer and Co-Chairman. “Pat’s groundbreaking thinking on how to identify true competitive advantage fits perfectly with our long term value approach to investing. Our clients will benefit greatly from his expertise“
“Pat Dorsey’s institutional perspective to money management will further strengthen our capabilities to meet our clients’ needs today and in the future," said Donald "Chip" Lesch, Co-Chairman of Sanibel Captiva Trust Company’s Board of Directors. “Our respect for Morningstar, Inc. as being the leader in independent investment research and judgment is steadfast. We hold both their services and impeccable global reputation in high regard."
Dorsey will join Tim Vick, Senior Vice President and Senior Portfolio Manager, in the company‘s Chicago office located at 980 N. Michigan Avenue.
"For 10 years, Sanibel Captiva Trust has helped clients preserve and grow wealth. I'm excited to help the company continue its tradition of strong investment performance and world-class client service, and I look forward to helping expand its suite of services." said Dorsey. “I was drawn to the company’s successful track record, the dynamic personnel, and their investment philosophy. I am thrilled to be a member of a growing and entrepreneurial firm.”
The author of two books, "The Little Book That BuildsWealth" and "The Five Rules for Successful Investing," Dorsey was a weekly guest on Fox News Channel’s, “Bulls and Bears” financial show for eight years. He has also appeared on NBC Nightly News, CNBC and CNN. Dorsey has been quoted in The New York Times, The Wall Street Journal, Fortune and Business Week. Dorsey holds the designation of Chartered Financial Analyst. Dorsey joined Morningstar in 1998, where as director of equity research he led a team of more than 100 equity analysts.
Sanibel Captiva Trust Company, founded in 2001, has offices in Sanibel, Naples and Tampa, Fla. as well as Chicago, Ill.