Parkside’s administrative role is central in carrying out the wishes of the grantor regarding the use of assets in the trust. This service can be separated from the investment management services at Parkside.
Under certain circumstances we are able to work with outside RIA/Investment advisors and act as an administrative trustee for a trust. Parkside is one of a select few trust companies that offer this service.
The trustee carries out the directions and follows the guidelines in the trust agreement in handling the specific circumstances of each request for funds from trust beneficiaries. This involves legal interpretation of the language in the document and appropriate input from family members and professional advisors.
Still, such knowledge and personal service can only be applied if a trustee knows his client personally.
Experienced, unbiased trust administration is vital to implementing the plan of the grantor. Assuming the governing document provides, we are able to incorporate existing family managers to assist with the investment management of the assets, decoupling these often combined roles.
