Founded in 1972 as a division of a private investment bank, AMG National Trust Bank evolved into a separate corporation under the leadership of the founding partners, Chairman Earl L. Wright and Senior Executive Vice President Michael D. Bergmann, Ph.D. Now a national financial services organization with offices in Denver, Boulder, Cheyenne, Chicago, Morristown and Virginia Beach, AMG National Trust Bank has approximately $4.5 billion of assets under management*.
The success of our firm results from two fundamental practices:
- Meeting the diverse needs of our clients through a commitment to superior performance and client service.
- Providing our clients with independent, objective financial advice.
*Assets under management as of 6/18
Our firm dates back to 1972 when we began as Asset Management Group (AMG). Since then, we have evolved into a national organization with approximately $4.5 billion of assets under management* and offices in Denver, Boulder, Cheyenne, Chicago, Morristown and Virginia Beach.
1972 — Earl L. Wright and Michael D. Bergmann, Ph.D. establish Asset Management Group (AMG) as a division of a national investment bank. AMG provides objective, comprehensive financial counseling services to senior executives of leading U.S. companies.
1975 — The founders purchase AMG to become an independent, fee-only firm, thereby reducing potential conflicts of interest.
1976 — Our firm becomes a registered investment advisor with the Securities and Exchange Commission (SEC) and begins providing specific investment recommendations to clients as part of our extensive counseling services.
1976 — Group financial planning services are introduced. These new services offer corporate clients customized group programs on critical financial planning and retirement issues.
1976 — We provide clients access to alternative investments to diversify their investment portfolios beyond traditional stock, bond and mutual fund holdings.
1979 — Tax return preparation services are added. In-house tax specialists prepare tax returns, advise on tax compliance issues and provide tax research to support counseling teams.
1981 — Earl L. Wright and Michael D. Bergmann establish Asset Management Group Investment Corp. (AMGIC) to expand due diligence and alternative investment offerings to AMG clients.
1994 —Services expand to provide investment management, which includes a customized AMG investment plan that we can implement for our clients.
1995 — The AMG Charitable Gift Foundation, a public, non-profit organization, is created to provide clients with a convenient, low-cost alternative to establishing a private foundation. Bill paying and recordkeeping service also introduced.
1999 — Personal Financial Management (PFM) is introduced to provide clients with a comprehensive, integrated package of financial counseling and discretionary investment management services.
2001 — We become a national trust bank. AMG and the trust department of Guaranty Bank and Trust create a non-depository, non-lending national trust bank to help clients by providing trust services along with our extensive range of financial management services.
2004 — We acquire Old Dominion Trust Company to serve affluent individuals and businesses throughout eastern Virginia and to further extend our presence in the eastern U.S.
2008 — The addition of commercial banking powers granted by the FDIC and the OCC allows AMG National Trust Bank to better serve clients’ complete financial needs.
2012 — We open a trust office in Cheyenne, Wyoming to help clients benefit from the advantages of Wyoming trusts.
2015 — AMG’s corporate headquarters is completed, furthering our commitment to serve clients for generations to come and embodying the strength and permanence of our conviction for our clients’ success.
The Dome at AMG provides a conference center and event space to host AMG client and community events that help AMG maintain its tradition of being a thought leader in its field. (www.amgdome.com)
FANUM is created, a founders club that serves as a platform for bringing together serial entrepreneurs who can benefit from one another as well as from AMG (www.fanum.com).
Asset Management Group Investment Corp (AMGIC), rebrands their investment offerings as the Cupola family of investments. A Cupola is the “king of domes;” it traditionally provides light and air. AMGIC sees opportunities that others do not because of the unique perspective brought about by light, height and expertise.
*Assets under management as of 6/18