Solutions

We need a Trust Company! Or do you? The statement is you need a trust solution as an extension of your fiduciary services. The Trust solution should deliver the same standards you provide your clients for investment management. This impact on the client experience can be accomplished in many ways, owning your own trust company, or creating a strategic platform using third party providers with clear defined standards of service.

Retaining next generation asset/relationships for the Great Wealth Transfer. The largest wealth transfer in history is underway. The Silent generation and Baby boomers will be passing $84 trillion to their heirs or charity.  85% or $73 trillion will be passed to children and grandchildren.  42% or $39 trillion will come from HNW or UHNW individuals, who have between $5-$20 million in cash. The baby boomers are trending to give while living to their children and these funds are increasingly coming with strings, in the terms of trusts.

Are you aware 94% of client expect trust services, while only 10% believe they are receiving the solution. Which path to take to deliver what is expected from your client? The data points range from your current client base, the location of your offices, state jurisdictions, and internal wealth planning support to name a few.

How can Cardinal Advisory help us with our path? Cardinal Advisory has the experience with state vs federal regulatory licensing, financial investment to start and maintain a trust company, baseline revenue contained in your current clients.  After the review and analysis of the factors impacting your solution, Cardinal Advisory will provide a comparison on creating and owning a trust company vs creating a strategic platform. 

What is the first step? Contact Cardinal Advisory for an exploratory call to discuss your firms’ direction/questions.  From the call we will define scope and budget designed for you.