Account aggregation is not just a way to track assets your clients hold away from your active management. It’s a way to make sure your staff aren’t breaking the inside trading rules.
Virginia will become the thirteenth state to permit a settlor to establish an irrevocable trust of which the settlor is a beneficiary and receive spendthrift protection against the claims of the settlor’s creditors beginning on July 1, 2012. On April 4, 2012, Governor McDonnell signed SB 11 which added new Virginia Code sections 55-545.03:2 and […]
America has become the world’s most litigious society. The Trust Advisor’s upcoming webinar on asset protection strategies can help shield your clients from lawsuits — but participation is free to subscribers and spots are limited, so sign up now.
Wealth Advisors Trust Company marketing strategies have paid off in a big way. They are now in growth mode ready to land more directed trust account relationships. The firm’s co-founder Christopher Holtby told us, “We are meeting our goals and could use an additional business development officer to help us land new accounts. “ They […]
First Republic Bank has opened a trust company in Delaware as it looks to gain a greater market share of affluent households. First Republic Bank, a leading private bank and wealth management company, announced the opening of a new trust company in Delaware and named Managing Director and Senior Trust Officer John McCabe to run its operations. First Republic’s new […]
A private party that coerced estate planners to sell drugs and other contraband — much less turn a blind eye to failures to report illegal workers — would risk jail time. But in order for the IRS to keep feeding the government the funds it needs, all of this is necessary proper and quite legal. […]
Estate planners call “Adopt Your Girlfriend as Your Daughter” strategy to shield John Goodman’s assets from creditors bizarre. His lawyers say they have lost confidence in Bessemer Trust’s ability to manage Goodman’s children’s money after the girlfriend-daughter was added as a trust beneficiary. Others say that relationship now legally amounts to incest. Depending on who you talk […]
The Concord Trust Company, a state-chartered, non-depository trust company, has been created in New Hampshire to enable high-net worth-families to take advantage of the state’s trust and estate tax laws. New Hampshire was chosen because it has progressive trust and estate laws that are available to non-resident families, according to company officials. The Concord Trust […]
Industry Veterans Anne Marie Levin and Isabel Pryor join Key National Trust Company of Delaware to offer trusts for asset protection, tax savings and flexibility Key Private Bank, the investment, trust and wealth management arm of KeyCorp (NYSE:KEY), has established Key National Trust Company of Delaware to provide trust services for wealthy clients and prospects […]
* Most of Federated AUM in money funds * Schwab shares also decline on report of SEC action Federated Investors Inc shares were down 5 percent in morning trading on concerns new rules could hurt its money- market mutual fund business. The Wall Street Journal reported on Tuesday that the U.S. Securities and Exchange Commission […]