Episode 10

Published on:

20th Aug 2021

Advance Your Wealth - What is a Private Trust Company?

Welcome back to the latest installment of Advance Your Wealth, where Homer and Ryan explore the inner workings of a private trust company.

Some wealthy families that have assets in trusts want more than what they can get from many professional or corporate trust companies. For these people, setting up their own private trust company could be a viable alternative that adds value to their situation.

Listen as Homer examines some key features of private trust companies and how families can decide if they should establish one for themselves.

So sit back, relax, and enjoy another enlightening financial conversation!


0:06 - Welcome to the show and overview on today's topic

1:37 - A high-level overview on the different trust companies that exist today

2:48 - The appeal of going with a private trust company

4:14 - The secondary benefits of utilizing a private trust company

5:23 - Private trust companies can work with families on the estate planning side as well

6:08 - How heirs can benefit from a private trust company

7:53 - How privacy comes into play with private trust company

9:11 - What the financial commitment looks like when opting for a private trust company

10:14 - The next steps forward if someone is interested in proceeding with using this option

11:25 - Closing remarks

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About the Podcast

Advance Your Wealth With Homer Smith
Financial advice to generate the results you expect and desire
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement.

Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.

Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.