Understand the Value of Your Trust Company

The rapid expansion and contraction of the financial services industry over the past two decades has given rise to a unique hybrid enterprise: the independent trust company. With roots in the departments of commercial banks, independent trust companies occupy a unique space in the financial services industry: positioned somewhere between a family office and an institutional asset manager. Most trust companies share attributes of both family offices and asset managers, so there really is no one-size-fits-all definition of an independent trust company. Recognizing the particular characteristics of any given trust company is essential to understanding its value in the marketplace.