Managing your trust assets

Presented by
Russell Albright
2011 CopyrightAlbright Investment Management LLC 1

 Thank you for attending one of our premier
educational seminars provided by our firm.
 Our Presentation is to provide you with a
better understanding of your role as trustee,
and how Albright Investment Management
can help you manage your family’s legacy.
 Please save any questions you might have
until the end of the presentation.

 Russell Albright has served as an experienced
financial services executive since 1994 at top
Banking and Brokerage firms in the San
Francisco bay area with a key role in achieving
peak performance and profitability.
 Russell’s unique background of financial services
experience and post graduate certifications from
Stanford University has provided a winning
combination of specialized skills for private
banking, wealth management, and trust
administration.

 If you are a trustee it is critical that you
understand the role you are undertaking.As a
professional banker we strongly recommend
that you have an advisor.
 With our firm, you will be provided with your
very own Private Banker, Portfolio Manager,
andTrust Officer to help you safeguard the
assets, manage the investments, and provide
clear and accurate records of administration.

 Private Banking with Charles Schwab bank
 Sophisticated Investment Management
 Clear and Accurate records ofTrust
Administration
 Real Estate
 Notary Public

 Deconstructing the typical Bank,Trust Company, or
Brokerage
 The real strategic value lies in the consultative and
advisory nature of its services, and not in the sales of
financial products from the firm.
 At our firm, your advisor has the advantage of
independent research to develop clear and concise
investment strategies that are suitable for the
beneficiaries and in alignment with the investment policy
of the trust without any conflicts of interest.
 We are a fee based firm that derives a majority of its
revenue from advisory services, and receives no
commissions on any of the financial products it may
recommend for your portfolio.

 Accountability
 Commitment
 Duration of Service
 Experience managingTrust Assets
 Strategic Decision capability with all advisors
 Serve theTrustee
 Clear and Accurate Records available 24/7
 Authority and Control remain with theTrustee
 Risk Management and Regulatory Compliance
 Value

 Choosing the Right Advisor and Custodian
 Duties of aTrustee or Grantor
 Managing yourTrust Assets
 The Power of Delegation

 Personal liaison to the trustee and beneficiaries
 Dedicated and QualifiedTrust Officer and
Fiduciary
 Assists in the administration, accounting, and
reporting for tax preparation.
 TrustAdministration as directed by the trustee,
not by the agent.
 Best choice for delegation of the investment
management and administrative duties of the
Trust.

 Choosing the rightAdvisor is one of the most
important decisions you can make for yourself
and your family.
 A trust that is mismanaged can create family
disputes, lead to severe tax or legal
consequences for your family’s estate,
jeopardize the estate plan, and possible loss of
principal.
 Unfortunately, your local Bank or Credit Union
will offer limited assistance with less than
helpful branch managers.

1. Education
2. Professional Associations
3. Licenses and or Certifications
4. Strategy vs. Execution
5. Risk Management
6. Specialized skills andTraining
7. StrategicValue
8. Availability
9. Industry expertise
10. Independent Research

 Charles Schwab Institutional services is our
choice for custody of your managed assets.
 Over 6,000 independent advisors use
Schwab’s open-architecture platform
 They custody over 700 billion for independent
advisors
 The leading custodian for over 20 years

 Be prepared to accept the Powers and Duties
of theTrustee.
 MostTrusts fail due to improper
administration
 Upon acceptance of the trust by the trustee,
he or she is under a duty to the beneficiary to
administer the trust until the trust terminates
or trustee resigns, or is removed.

 Reg.9, Prudent Investor Rule and state –
codified common law fiduciary duties
 Active participation in administration of the trust
 Loyalty to the beneficiaries
 Keeping and rendering clear and accurate records
of administration
 Providing information requested by beneficiaries
regarding the nature of the account’s
assets, amount of the property, and all
transactions.

 Exercising care and skill that a person of ordinary
prudence would exercise
 Maintaining control over the property
 Preserving the trust property
 Enforcing trust claims and defending the trust
against loss
 Segregation of trust property from all other
property not subject to the trust

 Earmarking bank deposits that are trust assets
 Exercising care when selecting a bank for trust
deposits
 Exercising reasonable skill and care to make trust
property productive
 If required, paying income to appropriate
beneficiaries at reasonable intervals
 Dealing impartially and fairly with beneficiaries at
reasonable intervals…but not necessarily equal

 Dealing with all co-trustees with respect to
potential fiduciary breaches
 Documenting the request for – and making of –
discretionary distributions
 Ascertaining if payments should be made directly
to a beneficiary
 Determining where beneficiaries are located
 Ascertaining if payments should be made for the
benefit of a beneficiary

 What is an Investment Policy.
 Modern fiduciary duty in choosing investments
places more emphasis on risk management,
appropriate diversification, and a prudent
Investment Policy that is consistent with the
needs of the beneficiaries.
 OurWealth Management includes both tactical
and strategic planning for the best results in
aligning your trust assets with your investment
policy.

 Establishing the Charles SchwabTrust
Account and transferring the assets
 Develop an Investment Policy
 Design yourTrust’s Portfolio
 Quarterly Performance Review
 Continuous supervision and monitoring of
trust assets

 Why Delegate?
 Common delegable acts include the use of
brokers, appraisers, agents, and specialized
investment managers.
 When delegation is transferred to a third party,
the responsibility for determining if it is
permissible and monitoring the agents chosen
remains theTrustee.

 Successful CEOs and other powerful financial
players don't monitor all of their own
financial activity - they have someone do it
for them. But you don't have to be the CEO of
a giant corporation to have 'people' – partner
with an independent investment manager
and trust advisor for the best results.

 What if I already have a financial advisor or
planner?We understand that many of our clients
already have advisors. Our value is that we can
complement those existing professionals, such as
your attorney, CPA, Insurance Agent, and other
advisors with specialized investment advice to help
protect, preserve, and manage your family’s wealth.
 Is it Expensive? Our fees are competitive with other
local financial institutions offering the same services.
We however, offers our clients a strategic value of
personalized private financial services directly to you
regardless of where you keep your accounts.

 Where are my accounts held? Our qualified custodian for your
trust assets are held at Charles Schwab, under our master account
for institutional services. We have chosen Schwab Institutional as
part of our Best Execution Policy for our Clients.
 Do you manage other types of assets too? Yes, we are a full
service financial advisory practice, so we can accept regular
brokerage or banking accounts, pension & retirements accounts,
to name just a few. We can mange your complete Estate, including
the Real Estate holdings.
 Do I need aTrust to get started? We are routinely referred by
attorneys who practice inTrusts & Estates, so even if you are just
starting the process we can help set up an Estate Plan that makes
sense for you in cooperation with your other advisors and even
help in the selection of the right professionals for your family’s
needs.

 Thank you for your attendance
 We appreciate all referrals, and work with
our Client Advisory Board to ensure we are
exceeding your expectations.
 We look forward to working with you.

Managing your trust assets

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