I am John A. Rodgers, III, Esq., Principal, John Rodgers & Associates in Charlotte, North Carolina. I have been providing fiduciary litigation consulting and expert witness services concerning the dispute resolution process in trusts, estates, and investment management situations for more than 15 years.
I have worked with more than 90 law firms in 22 states with about 60% of my activities focused on plaintiff beneficiaries of trusts and 40% on defendant trustees, primarily corporate fiduciaries. in both federal and state courts. I also managed a regional bank trust department for 10 years requiring close familiarity with the Office of the Comptroller of the Currency (OCC) Regulation 9 concerning regulatory compliance and audit operational issues. I can testify via Skype in trials and depositions and can develop acceptable damage models.
I am a graduate of the University of Virginia School of Law, and Cornell University. I attended and taught at the American Bankers Association Trust School. I also participated in a SEAK Expert Witness Course.
I am a member of the Illinois Bar, the Chicago Bar Association, as well as the North Carolina Bar Association Trust and Fiduciary Law Section, and the Litigation Section.
I held various securities licenses issued by FINRA (formerly the NASD) including Series 7 (General Securities License), Series 24 (Registered/Licensed Principal), and Series 63 (State Securities License). Pursuant to holding a FINRA Series 24 License, I was qualified as a Securities Principal and an Office of Supervisory Jurisdiction (OSJ).
John Rodgers & Associates, Charlotte, NC (2004–Present)
Principal, Estate, Trust, Investment Management & Fiduciary Litigation Consulting and Expert Witness Services
Reliance Trust Company, Atlanta, GA (2006–2008)
Institutional Trust Marketing Consultant, Provide directed/administrative trust services for clients of broker/dealer firms and Registered Investment Advisors
Community Trust of the Southeast, Charlotte, NC (2004–2006)
Managing Director – Trust Services, Provide directed/administrative trust services for clients of broker/dealer firms and Registered Investment Advisors
Dunham Trust Company, Charlotte, NC (2001–2004)
Chief Executive Officer, Trust Counsel, Director, Chairman Trust Investment Committee, Trust Administration Committee and Director's Trust Committee
Cannon Financial Institute, Charlotte, NC (2000–2001)
Consultant/ Instructor, Adjunct Professor
Presented “Growing Your Business Through Comprehensive Wealth Management” nationally to over 500 brokers, financial planners, and bankers to introduce the Eaton Vance U.S. Gift Trust/ Pooled Income Fund/ Donor Advised Fund.
IJL WACHOVIA, Charlotte, NC (1997–2000)
Senior Vice President, Director of Trust Services
Empowered and trained 500 IJL Wachovia Financial Consultants, located in 60 branches between Atlanta and Richmond, to capture new trust assets, and retain existing client trust assets, and their accompanying revenue stream, through the development of personal trust accounts.
Self-trusteed living trust account assets grew by 35% during 1999 to $1.4Billion with the average account size up 11% to $350,000—over four times the size of an average brokerage account. The assets in these accounts represent 14% of total firm assets.
IJL Wachovia client trust assets at affiliated Reliance Trust Company increased by 68% during 1999 to more than $100 million with the average account size increasing by 42% to $850,000—primarily through the Trust Transfer Program.
During 1999 Trust Services prepared more than 60 client estate valuations covering $100 million in deceased client assets for key estate accounts where the average account size was $1.4 million.
Combined an objective investment management consulting process with personal trust administration to allow the financial consultants to offer multiple outside investment managers, and varying investment styles in a master personal trust account. The trust beneficiary is no longer required to use only the proprietary investment products of the trustee. This unique process allows the financial consultant to demonstrate value-added in the trust relationship.
Prudential Securities, New York, NY (1995–1997)
First Vice President, Director of Estate Management and Trust Services
Packaged and presented personal trust services to over 700 Prudential Securities Financial Advisors, doubled personal trust assets under management at affiliated Prudential Bank, FSB.
Managed sales efforts of eight investment management and personal trust regional coordinators.
Developed strategic marketing plan with Sotheby’s.
Active in the National Society of Fund Raising Executives for promotion of charitable remainder trusts/life insurance trusts.
Supervised staff of six in New York Sales Desk.
American Guaranty & Trust Company, Wilmington, DE (1992–1995)
Senior Vice President, Director of Institutional Sales, National Product Manager
Developed designated trustee relationship with Paine Webber resulting in more than $200 million in new trust assets with an average account of $650 thousand.
Introduced a managed money sales training program to selected registered representatives during 1994 producing $100 million in new managed assets by the end of 1995. Trust services were also offered through community banks in high net worth markets through the correspondent trust program.
Shearson Lehman Trust Company, Wilmington, DE (1988–1992)
President, Director, Chairman, Trust Investment Committee and Trust Administrative Committee
Trustcorp of America, Inc., New Orleans, LA (1986–1988)
Executive Vice President, Trust Council
FIRST NBC, Trust Division, New Orleans, LA (1980–1986)
Senior Vice President, Manager, Trust Division
As Chairman of the Trust Investment Committee performed both the initial review of securities in new trust accounts as required by Regulation 9 of the Office of the Comptroller of the Currency to be in compliance, and performed an annual review of all trust accounts for constancy with stated investment objectives and issues of suitability. Also, Chairman, Trust Administrative Committee.
United States Trust Company of New York, Palm Beach, FL (1978–1980)
Senior Marketing Officer, Florida Investment Representative Office
FLAGSHIP NATIONAL BANK, Miami, FL (1977–1978)
Trust Division, Vice President, Business Development Department
Continental Bank, Chicago, IL (1964–1977)
Vice President, Trust Department – Business Development Division
Professional and Civic Activities
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