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Mainly, trust funds are invested in stocks, bonds or other income-producing assets therefore, these investments are not bank deposits. The uninvested trust monies up to $250,000, such as income awaiting distribution are usually the only funds that are covered under FDIC insurance.
You are the client and our goal is to build a lasting relationship with you. You can be a part of the investment decisions or as most customers prefer, we can provide you with unbiased, portfolio supervision since you have turned to us for our expertise and knowledge. There are a number of options as to your role in decision making. You can request BRB Financial Group to provide you with an investment selection but then you can request changes or additions. Or you may request that BRB Financial Group handles the investment decisions completely...it is your trust, you make the rules.
Our Trust Officers are here to work with you and your desires. You can designate us as your investment agent or as most clients prefer, a trust arrangement has many advantages.
Just give us a call and one of our experienced trust officers will be glad to sit down with you and answer any or all questions that you may have. You are welcome to visit our offices or we can arrange an appointment to come to you. Visit our Contact page for locations, hours and phone numbers.
Because there are many different variables, the easiest way to respond to this question is to ask that you give us a call and we can provide the direction you need whether it is through our services or we can recommend alternate resources.
No. Our fees are very competitive with those charged by investment advisory firms. And in addition, you receive personal, close to home service.
No, setting up a trust is very easy. After we explain our services and your options based on your specific needs, there are two requirements. First, you need to provide us with written instructions in the form of a trust agreement. This agreement needs to be drawn up by your attorney and will need to be signed by you (as creator of the trust) and by us (as the trustee). Secondly, we need to receive the money and/or securities that you plan on placing in the trust. And that is it!
A trust allows us to provide services above and beyond investments. For example, we can handle your personal financial management on a temporary or permanent basis. This service could be utilized if you plan extensive travel or become hospitalized. Also a trust allows you to name a beneficiary(ies) to receive the assets of your trust at the time of your death. It can also provide a source of income during your lifetime and beyond to a family member or someone you have named.