Signature Bank Expands Services with the Launch of Signature Trust Company
Signature Bank Expands Services with the Launch of Signature Trust Company
In a strategic move to broaden its financial offerings, Signature Bank has announced the formation of Signature Trust Company, a new division that aims to cater to the comprehensive financial and estate planning desires of its clients. Teaming up with Midwest Trust, a respected independent trust firm boasting over $18 billion in assets under management, Signature Trust Company is positioned to deliver essential fiduciary services whilst maintaining the relationship-centric ethos Signature Bank is known for.
Meeting Client Needs
The establishment of Signature Trust Company comes in response to the evolving needs of Signature Bank's clientele, which increasingly includes business owners and families who are gearing up for their futures. "Our clients expect us to offer more than just daily banking services," emphasized Bryan Duncan, Executive Vice President at Signature Bank. As clients focus on significant aspects such as wealth transfer, charitable initiatives, and succession planning for their businesses, Signature Trust Company stands ready to assist them holistically.
This new division will allow Signature Bank to become not just a financial institution, but a partner in nurturing and upholding the legacies of its clients. Duncan further noted how the bank aims to be there for clients in every phase of their financial journey, ensuring continuity of planning and support through all aspects of wealth management.
Services Offered by Signature Trust Company
The suite of services provided by Signature Trust Company encompasses a myriad of personal and corporate trust services. These include:
- - Personal Trust Administration: Comprehensive management of both revocable and irrevocable trusts tailored to meet clients' goals regarding estate planning.
- - Estate Settlement and Executor Services: Professional handling of estates to alleviate stress on families during difficult times.
- - Retirement and IRA Trusts: Plans focused on facilitating tax-efficient distribution and ensuring beneficiary protection.
- - Special Needs Trusts: Customized administration aimed at safeguarding benefits for individuals with disabilities and maintaining their long-term care.
- - Charitable Foundation Trusts: Structures that support families and organizations wishing to create a lasting philanthropic impact.
- - Guardianships and Conservatorships: Reliable fiduciary management for individuals in need of financial oversight.
- - Investment Management Accounts: Professional portfolio management aligned with clients' long-term financial goals.
Commitment to Personal Connection
Midwest Trust’s President, David Yost, shared the vision behind this partnership: “Our mission has always revolved around delivering trusted fiduciary care paired with personal attention.” He expressed that collaborating with Signature Bank merely amplifies their ability to offer expertise alongside a genuine connection that clients find invaluable.
As Signature Bank continues to fortify its offerings, Signature Trust Company is a clear illustration of its overarching mission: to ensure clients can effectively manage their financial lives across varying aspects—from banking and investment to estate planning and legacy preservation.
For those interested in elevating their financial management with a focus on long-term strategies, Signature Trust Company introduces a modern approach to trust and fiduciary services. More information about their offerings can be accessed by visiting Signature Trust Company.
About Signature Bank and Midwest Trust
Signature Bank—based in Chicago—serves privately-held companies and their owners with bespoke banking and wealth services. Their foundational principle centers on the belief that successful financial relationships are driven by personal interaction and responsiveness.
On the other hand, Midwest Trust, founded in 1993 and headquartered in Overland Park, Kansas, is an independent state-chartered trust company. It provides extensive fiduciary and investment services and operates across multiple locations in the U.S., aiding clients with various trust and estate planning needs.
Conclusion
The advent of Signature Trust Company represents not just an expansion of services but also a commitment by Signature Bank to cater comprehensively to the diverse financial needs of its clients, reinforcing the bank’s reputation as a forward-thinking institution that prioritizes personal connection and longstanding relationships.
Topics Financial Services & Investing）
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