Trust Service Prices
The Trust Advisor Blog conducted its trust industry survey for the second quarter of 2010. It found that some trust companies are offering too many things, lowering their profit margins and making it impossible for the companies to survive long-term. It also found that trust service prices aren’t increasing with increased expenses or decreasing as competitors race to the bottom. Instead, trust service pricing hasn’t budged much over the last decade.
For more information, including a side-by-side comparison of the rates of different trust companies, see Scott Martin, Who’s Charging What for Trust Services? Part 2, The Trust Advisor Blog, July 3, 2010.
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