Why Consider a Trust?
At their core, trusts are designed to hold, manage, and distribute assets according to specific instructions. Those assets may eventually be distributed to individuals, family members, organizations, or charities.
One of the primary advantages of trusts is their flexibility. Depending on your situation, a trust may help you:
- Preserve assets for family members or future generations
- Plan for incapacity
- Support a loved one with special needs
- Provide for charitable giving
- Manage business or complex assets
- Establish parameters for how and when beneficiaries receive assets
- Address certain estate planning considerations
Because each trust serves a different purpose, it is important to work with professionals who can help determine which option may be appropriate for your overall financial plan.
Why Work With Janney?
Janney combines a comprehensive wealth management platform with the experience of knowledgeable trust company partners. Together, we can help you evaluate trust strategies that align with your best interests and long-term goals.
Through this collaborative approach, Janney can:
- Help identify trust solutions that may support your objectives.
- Work with your attorney to create or update a trust.
- Provide custody services and a fiduciary investment platform for trust assets.
- Apply investment strategies aligned with the trust’s goals and objectives.
- Coordinate trust administration, distributions, and recordkeeping through our trust company partners.
Trust Options
There are many types of trusts and trust-related structures, each designed for specific planning needs. Examples include:
| Asset Protection Trusts | Irrevocable Life Insurance Trusts |
| Business Trusts | Minor’s Trusts |
| Charitable Trusts | Revocable Trusts |
| Custodial and Minor Trusts | Special Needs Trusts |
| Delaware Statutory Trusts | Spendthrift Trusts |
| Directed Trusts | Trusts with nonconforming assets, such as real estate, LLCs, or oil and gas interests |
| Dynasty Trusts | Inter-vivos or Testamentary Trusts |
| Family and Marital Trusts | Other structures, including escrows, reinsurance trusts, and alternative business entities |
| Generation-Skipping Trusts | |
| Grantor Retained Annuity Trusts |
Your Janney Financial Advisor can help you begin the conversation and coordinate with Janney’s wealth planning professionals and your attorney to determine which type of trust may fit your needs.
The Value of Janney’s Capabilities
Janney provides investment advisory and investment management services for trust assets, while trust administrative services are provided through Janney’s trust company partners. This structure enables clients and beneficiaries to receive coordinated support, personalized investment guidance, and professional trust administration.
Investment Management
The investments held in your trust are managed by your Janney Financial Advisor, who can draw on Janney’s experience in asset allocation, manager selection, investment research, and portfolio construction. The goal is to create and maintain an investment approach tailored to the trust’s objectives and the needs of its beneficiaries.
Your Janney Financial Advisor can:
- Serve as investment custodian.
- Provide advice, asset allocation, asset management, and access to a broad range of investment choices.
- Offer comprehensive financial and estate planning support.
Trust Administration
Janney’s trust company partners serve as trustee and fulfill fiduciary duties in accordance with the terms of the trust. Their responsibilities may include:
- Administering the trust according to its specific terms.
- Acting in the best interests of beneficiaries.
- Managing principal and income distributions.
- Enforcing trust rights and defending claims against the trust.
- Preparing income tax filings and other necessary documents.
- Providing recordkeeping services.
Working Together
A coordinated relationship between you, your Janney Financial Advisor, and Janney’s trust company partners can help provide the level of service and continuity you seek.
At the same time, you and your beneficiaries will have access to a professional trust administrator who understands the provisions of your trust and is responsible for carrying out its terms. Together, these professionals collaborate through regular communication and a shared commitment to high standards of client service.
Getting Started
If You Already Have a Trust
If you already have a trust in place, you may want to consider whether Janney and our trust company partners can assume trustee responsibilities—when and for as long as needed. The process begins by providing a copy of your original trust documents to your Janney Financial Advisor. Janney’s trust company partners will review the documents to determine whether they can serve as corporate trustee.
They will also:
- Review the laws of the state in which the trust was created.
- Confirm the services a corporate trustee may perform.
- Consult with your Janney Financial Advisor about the steps needed to establish the account.
Identify any issues that may need to be addressed before moving forward. With Janney’s trust services, you can continue to receive the same level of personalized service you expect, while adding professional trust administration support.
If You Think You May Need a Trust
If you are unsure whether a trust may be appropriate for your situation, contact your Janney Financial Advisor. They can consult with Janney’s wealth planning professionals to help address important questions, including:
- Do you need a trust?
- What type of trust is appropriate for you?
- How could a trust impact your assets and estate?
- How can your objective be met efficiently and cost-effectively?
A trust can be a powerful planning tool, but the right approach depends on your unique goals, assets, family circumstances, and estate plan. Janney can help you begin the conversation and coordinate with the appropriate professionals to determine the best path forward.
Working With Janney
Depending on your financial needs and personal preferences, you may opt to engage in a brokerage relationship, an advisory relationship or a combination of both. Each time you open an account, we will make recommendations on which type of relationship is in your best interest based on the information you provide when you complete or update your client profile.
If you engage in a brokerage relationship, you will buy and sell securities on a transaction basis and pay a commission for these services. Our recommendations for the purchase and sale of securities will be based on what is in your best interest and reflect reasonably available alternatives at that time.
If you engage in an advisory relationship, you will pay an asset-based fee, which encompasses, among other things, a defined investment strategy, ongoing monitoring, and performance reporting. Your Financial Advisor will serve in a fiduciary capacity for your advisory relationships.
For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.
By establishing a relationship with us, we can build a tailored financial plan and make recommendations about solutions that are aligned with your best interest and unique needs, goals, and preferences.
Contact us today to discuss how we can put a plan in place designed to help you reach your financial goals.
Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
