Sanibel wealth advisory firm grows in central Fla.

SANIBEL — The Tampa Bay Trust Co., a division of the Sanibel Captiva Trust Co., acquired Winter Haven-based Craddock Family Office Inc., a wealth management firm that focuses on high-net-worth clients.

Sanibel Captiva Trust Co. is an independent firm with $1.35 billion in assets under management. The acquisition, according to a release, is designed to broaden the firm's central Florida presence.

F. Hood Craddock, founder of Craddock Family Office, was named an executive vice president and director of family office services. Craddock, the release adds, specializes in formulating wealth strategies for high-net-worth clients, often with significant land and agricultural assets. Craddock will retain his Winter Haven office.