What are fiduciary services, and why would one select a professional specialist?
In addition to furnishing experienced, objective advice and the coordinating financial and estate planning services, a fiduciary implements the client's present and longer-range decisions by acting now or in the future as a trustee, an executor or a guardian. The most economic delivery of fiduciary services is achieved by combining specialized expertise with the safety of a permanent independent fiduciary with no personal financial interest or potential bias.
What are the additional advantages offered by a "Private Fiduciary"?
Unlike larger financial "supermarkets" selling a wide variety of products to the general public, a Private Fiduciary deals with a select clientele offering objective advice in a very private and personalized way to insure the highest levels of service and exact fit with the short and long term needs and intentions of each client. Our policy is to work closely with and supplement (rather than duplicate) the skills of other professionals as our client’s need and request. A particular advantage of this orchestration is that individual tailoring of services avoids redundant efforts, providing cost savings to clients.
How does a "pure" Trust Company differ from a bank?
Although chartered and regulated by the state banking authorities, a "pure" Trust Company does not accept deposits or lend money like a commercial bank or a bank combined with a trust department. The "pure" Trust Company can coordinate a client's flow of funds with deposit and lending banks, but it confines its direct activities, without distraction, to providing financial and investment counseling and furnishing professional fiduciary services.
