Trust Companies

It has been a while since we told you what work Trust Companies do for clients and this little piece doesn’t cover it all. Your best bet is to pick uo the phone write that email or book an appointment by emailing acquarius trust group.

Trust companies can provide a wealth of services to clients from one convenient, centralized location. They save their clients time and effort by eliminating the need to coordinate financial assets and information between brokers, financial planners, tax advisors, tax preparers, and attorneys. Trust companies also take full fiduciary responsibility for their clients’ financial well-being, thus assuring that the clients’ best interests are always considered in each service and transaction performed.

Consumers who want to engage the services of a trust company will have many local entities from which to choose. Virtually all major banks and savings institutions offer trust services through a separate department. Still, most clients who wish to employ a trust company must generally meet certain financial requirements; for instance, a trust may require the client to have a net worth of at least $500,000.

What in single sentences are they and what do they offer?

  • A trust company is a separate corporate entity owned by a bank or other financial institution, law firm, or independent partnership.
  • A trust is an arrangement that allows a third party or trustee to hold assets or property for a beneficiary or beneficiaries.
  • A trust company manages trusts, trust funds, and estates for individuals, businesses, and other entities.
  • Trust companies perform a wide range of services related to investment and asset management as well as safekeeping services.

The Bottom Line 

Trust companies provide a wide array of services, ranging from trust and investment administration to comprehensive wealth management services, such as tax preparation, tax advice, and financial planning services. For consumers seeking a ‘one-stop-shop’ approach to the management of their financial affairs, trust companies may offer the perfect solution.