Franklin Street added personal property and casualty insurance veteran Vanessa E. Schmidt as senior associate of private client services. Schmidt’s focus on managing high-net-worth accounts and designing risk management programs for specialty clients will further expand Franklin Street’s in-house capabilities and competitive advantage in the marketplace. She will be based in Franklin Street’s Tampa headquarters office and serve clients nationally.
Schmidt began her career in the insurance and risk management brokerage industry in 1996 and brings expertise in all personal insurance product types, including high-value homes, automobiles, fine arts, inland marine, and personal umbrella policies. She performs comprehensive reviews of plans, identifies any potential gaps in coverage, and confirms every program is custom-tailored to meet the specific needs of each client.
“Franklin Street is one of the rare commercial real estate firms with both personal and commercial property and casualty insurance as part of its service portfolio,” said Andrew Kiernan, president of Franklin Street Insurance Services. “Vanessa brings years of experience with high-net-worth insurance carrier relationships to our insurance services team, and we’re confident our clients will benefit greatly from her industry knowledge.”
“Over the last 25 years, I have come to understand that every high-net-worth client approaches their personal insurance matters differently,” said Schmidt. “My top priority is to respect each client’s unique needs and to serve as their trusted private insurance and risk management advisor.”
Prior to Franklin Street, Schmidt served as a director of private client practice for Arthur J. Gallagher & Co. in Tampa. She also worked as an insurance officer and commercial business agent at BB&T Insurance Services. Schmidt received a Bachelor of Business Administration from Eckerd College with honors. She is an active member of the Private Risk Management Association.
Franklin Street Insurance Services insures commercial real estate nationwide, by brokering insurance products for private and institutional owners and managers of all commercial property types. The insurance team specializes in supporting the acquisition efforts of active buyers and offers actionable risk management and claims advisory services.
Franklin Street has brokered insurance on commercial assets with a total insurable value (TIV) of over $10 billion and built an impressive client asset portfolio of more than 275,000 units of multifamily property alone, as well as retail, office, and industrial risks. Franklin Street represents a diverse roster of clients from small operators that own a single asset to major corporations with more than $1 billion in TIV each.
About Franklin Street: Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.