Trust company


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Wikipedia.

Trust company

An organization that acts as a fiduciary and administers trusts.

Trust Company

A company, usually a division of a bank or brokerage, that acts as a trustee. In this relationship, one party, known as the trustor, gives to the trustee the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person, or may benefit charitable organizations. Many trusts are exempt from taxation on money given to the beneficiary, but trust companies may charge a fee in order to administer the assets. See also: Trust.
Mentioned in ?
References in periodicals archive ?
Trust Company of America is a specialized custodian whose primary business is serving asset managers.
Trust Company of America Taps Tom Atkinson to Lead 401(k) Marketing Efforts; Industry Veteran Brings Nearly 25 Years of Varied Experience to Position
Overview: In the 2002 Evaluation, (23) Trust Company received "outstanding" ratings under the lending, investment, and service performance tests.
Orders issued under Bank Holding Company Act. (Legal Developments)
The Northern Trust Company established its first Canadian banking relationship in 1905 and its first Canadian client global custody relationship in 1981.
NORTHERN TRUST SUBSIDIARY GRANTED FULL TRUST POWERS IN CANADA
The addition of Eagle Management & Trust Company complements Boatmen's other recent Texas acquisitions.
BOATMEN'S TRUST COMPANY REACHES AGREEMENT TO ACQUIRE EAGLE MANAGEMENT & TRUST COMPANY
Representative activity reports - Daily, weekly, bi-weekly or quarterly, Trust Company provides 14 different management metrics on representative activities
Trust Company of America Unveils TCRepresentative
For the convenience of clients, the new Merrill Lynch Trust Company office is in the same building as the Merrill Lynch brokerage office, at 249 Royal Palm Way, Palm Beach, Fla.
MERRILL LYNCH EXPANDS ON ITS TRADITION OF CLIENT FOCUS BY OPENING A NEW TRUST OFFICE IN PALM BEACH
This purchase will enhance our deposit-gathering capabilities and add fee income, while further diversifying the scope of services Rockland Trust Company has to offer.
Independent Bank Corp. and Compass Exchange Advisors LLC Announce Agreement by Rockland Trust Company to Acquire Assets from Compass Exchange Advisors LLC
into BT Financial Corporation and FirstSouth Savings Association into Fayette Bank and Trust Company are expected to be consummated no later than Dec.
BT FINANCIAL ISSUES STATEMENT ON MERGER
Hartz has been identified to succeed current Tompkins Trust Company CEO, James J.
Tompkins Trustco Announces Management Succession Plan for Its Subsidiary, Tompkins Trust Company
Fowler served as Vice President of Morgan Guaranty Trust Company of New York.
LUCIUS L. FOWLER ELECTED TO BOARD OF DIRECTORS OF FIDUCIARY TRUST INTERNATIONAL
THORN]At Raymond James, our primary goal is to provide our clients with the best philanthropic knowledge, tools and support services available to help facilitate their charitable initiatives,[THORN]O said David Ness, president of Raymond James Trust Company and Raymond James Trust Company West.
Raymond James Trust Company Selects NorthStar 500(R) Charitable Operations Management Software to Streamline Donor Advised Fund Operations through the Raymond James Charitable Endowment Fund
April 19 /PRNewswire/ -- Bankers Trust Company Connecticut, Ltd.
NEW BANKERS TRUST UNIT OPENS IN CONNECTICUT

Financial browser ?
Full browser ?