Report on Directed Trusts

Douglas Blattmachr (President and CEO of Alaska Trust Company) recently published a report for trust attorneys and advisors on directed trusts entitled Directed Trusts 2.0 (Alaska Trust Company 2011) . The executive summary of the report is below:

Competition among wealth managers for high-wealth cli¬ents is fierce. In order to attract and retain such clients, wealth managers must now offer a wide range of sophis¬ticated services. For years, two of these services — trust administration and in¬vestment management — came as a joint package. When a client came to a bank and was referred to its trust department, services were offered in the form of a trustee who would retain decisions about as¬set choice, arguing that both services were not wise to divide.

Now, as a wealth advisor, you can furnish the very powerful tool of a directed trust to allow your client to retain the services of an independent trustee and maintain full dominion over invest¬ment decisions and the management of client assets.

Directed trusts have been around for over ten years. As their popularity increase since the creation of the Uniform Prudent Inves¬tor Act (UPIA), trustees are having a hard time arguing they still offer the best investment options for a client.

This report brings the directed trust technology to its most up¬dated and evolved stage. Thanks to new advisor-controlled features and a fixed trustee fee, your clients are given the greatest possible advantage.

Click here for a free download of the report..

To read The Trust Advisor Blog’s coverage of this report, click here.