Conshohocken, PA -- (SBWire) -- 10/06/2014 --Sterling Trustees is now accepting new clients for Independent Corporate Trustee Services. Sterling Trustees offers trust management services without the interference of any large financial institution. This allows clients to remove conflicts of interest when it comes to control over the property being held in trust for their beneficiaries.
When most traditional trust companies take on a client, they will not only oversee the administration of the trust, but also take on the investment advisory role for the trust. Additionally, the company will often expect the client to use the company’s own in-house or affiliated financial products or investment advisory services. This concentration of power creates a high potential for conflict of interest. Banks acting as fiduciary will generate additional fee income through the use of proprietary investment products, or otherwise put the interests of the bank over those of the client or beneficiary.
Clients often have a hard time finding a truly independent trust company. Trust companies have various holding companies, and it is difficult to define major and minority ownership. Instead of walking an endless maze trying to figure out regulatory structure and whether a company manages trust assets or just has assets in custody, clients should seek out a truly independent service that has a history of working for their clients and is not beholden to a faceless institution.
Sterling Trustees has always been upfront about its practices. The company avoids conflict of interest by allowing clients to divide the roles of trustee and investment advisor. Banks that combine these services charge fees for each one, driving up the client’s costs significantly.
For more information on Independent Corporate Trustee Services from Sterling Trustees, visit the South Dakota trust company online or call 605-593-8950. Call 610-234-0626 for their affiliate company in Conshohocken, PA.
About Sterling Trustees
Sterling Trustees is a fee-only trust administration organization in Sioux Falls, South Dakota. By working independently, the firm allows its clients to avoid the extra costs and conflicts of interest associated with large financial institutions. Sterling Trustees’ main goal is to keep assets safe while remaining objective.
For more information visit http://www.sterlingtrustees.com/
Sterling Trustees Now Accepting New Clients for Independent Corporate Trustee Services