With roots in the departments of commercial banks, independent trust companies occupy a unique space in the financial services industry: positioned somewhere between a family office and an institutional asset manager.
Most trust companies share attributes of both family offices and asset managers, so there really is no one-size-fits-all definition of an independent trust company.
Recognizing the particular characteristics of any given trust company is essential to understanding its value in the marketplace.
Asset Management Industry Newsletter
Matt and Brooks follow the asset management industry and also author a quarterly newsletter containing perspective on the valuation issues pertinent to asset managers, trust companies, and investment consultants. Each issue highlights a market segment: 1st quarter: Mutual Fund Companies, 2nd quarter: Traditional Asset Managers, 3rd quarter: Alternative Asset Managers, and 4th quarter: Trust Banks.