Advisory Trust provides all of the services of a traditional trust company with one important distinction: We do not provide investment management services for marketable securities held in a trust. You, the client’s trusted financial advisor, fill that role.
Advisory Trust can serve as trustee and offer administration services for virtually any type of personal trust, including revocable and irrevocable trusts, whether testamentary or inter vivos, as well as charitable trusts, and irrevocable life insurance trusts. While each trust is unique and managed to its specific terms, our administrators typically perform some or all of the following services:
- Document review to assure compliance with all trust provisions
- Calculation and disbursement of income and other distributions
- Management of discretionary disbursements with sensitivity and compassion
- Preparation of annual accountings for court supervised accounts
- Preparation, review, and filing of fiduciary tax returns
- Annual asset valuation
- Coordination with attorneys, accountants, and financial advisors
- Preparation of quarterly trust reports
- Comprehensive file documentation
- Recordkeeping and tax reporting
- Comprehensive communication with grantors, beneficiaries, and their advisors via statements, meetings, and other correspondence
Although you manage the investments in your client’s trust on a daily basis, for discretionary trusts, Advisory Trust retains the fiduciary responsibility for those investments. Accordingly, we work closely with you to develop an investment policy statement and investment strategy consistent with the terms of the trust.
Our people
Advisory Trust’s experienced trust administrators average more than 15 years in the personal trust business. Our administrators hold a variety of credentials, including Cannon Trust School attendees and graduates and the prestigious Certified Trust and Financial Advisor (CTFA®) designation. Every personal trust we oversee is assigned to one of these experienced trust administrators. A team of operations and compliance professionals further support the trust administrators.
