Can I Continue to Invest the Assets While You Act as Trustee?

This question frequently arises among individuals establishing trusts for wealth management and preservation. At Independent Trust Company, we recognize the importance of providing clear and transparent responses to such inquiries.

The answer? Absolutely.

First and foremost, it’s imperative to distinguish between the roles of Trustee and financial advisor to mitigate potential conflicts of interest. This differentiation ensures that decision-making remains objective and aligned with the best interests of the beneficiaries. When a single entity assumes both roles, there’s a risk of bias or self-interest influencing investment decisions. By maintaining this separation, each party can focus on their specific responsibilities without the burden of dual loyalties.

As Trustee, our paramount duty is to act solely in the best interests of the trust beneficiaries, prioritizing decisions that align with their long-term financial goals and objectives. This fiduciary duty mandates that we place the beneficiaries’ interests above all other considerations.

Conversely, financial advisors provide expertise and guidance in formulating investment strategies and managing assets to achieve desired financial outcomes. They offer valuable insights into market trends, risk management strategies, and investment opportunities.

Through collaboration with financial advisors, we establish a system of checks and balances, fostering accountability and oversight. This collaborative approach facilitates comprehensive analysis and deliberation of investment decisions, ensuring they are well-informed and congruent with the trust’s objectives.

Working closely with beneficiaries and their advisors, we tailor investment strategies to accommodate their unique circumstances and aspirations. Transparent and proactive communication cultivates trust and confidence in our stewardship, enabling beneficiaries to remain actively engaged in the management of their wealth.

In summary, the separation of Trustee and financial advisor roles serves to mitigate conflicts of interest and ensures that investment decisions are made with unwavering consideration for the beneficiaries’ best interests.