Fieldpoint Private Launches Fieldpoint Private Trust to Expand Full-Service Financial Offerings
The new trust company leverages the benefits of America’s most progressive tax laws for clients.
Greenwich, CT – May 4, 2022 – Fieldpoint Private announced the launch of a sophisticated full-service trust company, Fieldpoint Private Trust, in response to widespread demand from clients, advisors, bankers and others.
Tim Tully, executive chairman, said, “People are looking for a new kind of trust company where investment advice is independent rather than self-serving, and where wealth advisors and their long-term trusted client relationships are placed at the center. It’s also vital for an effective trust company to be domiciled in a location that empowers clients to benefit from the most progressive and advantageous trust laws. This is what we have built.”
The leadership team for Fieldpoint Private Trust includes Nicholas Bertha, president, and a team of executives and administrative professionals that bring decades of trust and wealth advisory experience.
Bertha notes the trust company was created with a modern vision of customization and continuity. He said, “Our philosophy is based on a deep respect for clients’ important relationships with their wealth advisors, the people who best understand their objectives and provide sustained, valuable advice over time.”
Fieldpoint Private Trust is applying its experience, creativity and advantages of what the firm considers the strongest trust situs (location) in the U.S. to establish a wide range of strategic trust structures for clients. The company is partnering with South Dakota Trust Company, a deeply qualified trust administration platform with $100 billion in trust assets. A dedicated team defined by client-first excellence earned over 20 years will provide operations and back-office functions for the trust company’s services.
The firm offers both delegated and directed trusts, an open architecture approach to custody, and full-service administration on distributions, reporting, tax and trust accounting.
“We started with a blank canvas and wanted to create something new and special that would combine independent trust administration with real scale, always true to our philosophy of client and advisor-centric relationships,” said H. Russell Holland, president and CEO of Fieldpoint Private’s banking unit. “This is it, and the feedback thus far is telling us we are on to something.”
About Fieldpoint Private
Fieldpoint Private is a boutique private banking firm established at the onset of the financial crisis by 31 individuals including former Chairmen and CEOs of some of the most well-known and successful financial and consumer firms in America. Their intent was not to craft a firm that would emulate the large, established institutions, but to serve as an alternative. Dedicated to meeting the comprehensive financial needs of highly successful individuals, families, businesses and institutions, Fieldpoint Private offers a powerful combination of private personal and commercial banking services in partnership with our clients’ most trusted advisors. In 2021, Fieldpoint Private founded Fieldpoint Private Trust, increasing the breadth of capabilities available to serve our clients in both sole trustee and co-trustee capacity.
© 2024 Fieldpoint Private. Banking services by Fieldpoint Private Bank & Trust. Member FDIC.
Trust services offered through Fieldpoint Private Trust, LLC, a public trust company chartered in South Dakota by the South Dakota Division of Banking.