Cumberland Advisors News – Professional Services Business of the Year Award

Author: , Post Date: June 21, 2019

On Friday, June 14, 2019, business and community leaders gathered for the 29th Frank G. Berlin, Sr. Small Business Awards, presented by the Herald Tribune Media Group. Three finalists were selected across five categories: Hospitality and Tourism, Non-Profit, Products and Services, Retail and Professional Services. We are honored to share that Cumberland Advisors was selected as the winner within the Professional Services category.

We congratulate the two finalists in our category—Blalock Walters, P.A. and Allegiant Private Advisors, both of whom are respected Sarasota-area businesses. From the five category winners, an overall winner was selected. A standing ovation greeted the announcement of the 2019 Frank G. Berlin, Sr. Overall Small Business of the Year—Marie Selby Botanical Gardens.

The Greater Sarasota Chamber of Commerce - SBA 2019 - Winner- Professional Services Category

Since relocating the firm’s headquarters to Sarasota in late 2009, Cumberland Advisors has experienced significant growth in personnel and assets under management. In the fourth quarter of 2009, the firm employed approximately 20. Now, over 40 employees comprise the Cumberland team of investment professionals and administrative staff. As of December 31, 2009, client assets totaled $1.36 billion. The firm’s assets under management grew by 141% reaching an all-time high of $3.28 billion for the period ending March 31, 2019.

When surveying Florida cities for relocation from New Jersey, Cumberland’s management team was drawn to Sarasota for its rich cultural heritage, an airport offering connections to cities across the country and a top-performing public school district. In an effort to contribute and sustain those aspects of the community which originally attracted Cumberland to the Suncoast, the firm has worked to form partnerships with the region’s leading nonprofit and educational institutions. In April, Cumberland and USF Sarasota-Manatee jointly hosted the third annual Financial Markets and the Economy – Financial Literacy Day, bringing together national and local authorities for high-level conversations on the financial markets, central banking and philanthropy.

Gabriel Hament expresses our thanks to the Sarasota community and our congratulations to other finalists and winners in the Sarasota Chamber of Commerce Small Business Awards.

Congratulations again to all finalists and winners at the 29th Frank G. Berlin, Sr. Small Business Awards. We will share photos from the event as soon as we receive them from participants and the official photographer on our website at

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About Cumberland Advisors: Cumberland Advisors is a registered investment advisory firm (RIA) headquartered in Sarasota, FL. Founded in 1973, the firm has clients nationwide and internationally. Investment philosophy and strategy descriptions are available on our web site Cumberland Advisors is a dedicated fee-for-service only asset manager joining independent research, analysis, and management with a competitive fee structure. The firm manages over $3 billion of fixed income and equity accounts. Our clients are individuals (direct clients as well as managed money through financial advisors), institutions, retirement plans, government entities and non-profits.

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Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.