Greenwich-based Fieldpoint Private has launched Fieldpoint Private Trust, a full-service trust company.
Fieldpoint Private Trust will offer both delegated and directed trusts, an open architecture approach to custody and full-service administration on distributions, reporting, tax and trust accounting. The company is partnering with South Dakota Trust Co., a trust administration platform with $100 billion in trust assets.
“We started with a blank canvas and wanted to create something new and special that would combine independent trust administration with real scale, always true to our philosophy of client and advisor-centric relationships,” said H. Russell Holland, president and CEO of Fieldpoint Private”™s banking unit. “This is it, and the feedback thus far is telling us we are on to something.”
“People are looking for a new kind of trust company where investment advice is independent rather than self-serving, and where wealth advisors and their long-term trusted client relationships are placed at the center,” added Tim Tully, executive chairman. “It”™s also vital for an effective trust company to be domiciled in a location that empowers clients to benefit from the most progressive and advantageous trust laws. This is what we have built.”
