Directed Trusts

Any type of trust can be set up as a directed trust. The directed-trust structure lets the family design the trust around its requirements for investment management and diversification, distribution, with greater protection for the trustee and any individual co- against trustee against liability.

It enables the client, working through its chosen investment committee or equivalent, to assign the investment management responsibility, availing the family of much greater flexibility in investment strategy than would be available in the many states that do not allow directed trusts.

Delegated Trust

Unlike directed trusts, under South Dakota’s favorable statutes, in a delegated trust the trustee may directly assign certain responsibilities to other professionals and/or co-trustees, most typically the investment management. This differs from the directed trust’s requirement that an entity other than the trustee direct this assignment.

Further, with a delegated trust, the delegating trustee has responsibility for due diligence in this selection, and for monitoring the manager’s performance.

Fieldpoint Private Trust can facilitate custody for from anything from financial assets (i.e., securities accounts) to nonfinancial assets such as LLCs and interests in closely held businesses.

Unlike many traditional trust companies, which will require the transfer of trust assets, we can work with most outside custodians. The choice is yours. Alternatively, if a client does not have a custodian, we can facilitate custody services through our default third-party custodian.

When a trustee has discretion to make a distribution for health, education, welfare and/or maintenance (HEWM), he or she will do so in the exercise of their best fiduciary judgement.

For non-discretionary distributions, we will adhere with the highest professionalism to the written terms of the trust.

What distinguishes distributions from Fieldpoint Private Trust is the essential role of the trusted advisor, whose deep understanding of the family, often across generations, is embraced as a source of insight, wisdom, and enhancement of communication.

Fieldpoint Private Trust offers secure online access to trust accounts, including supporting charts and graphs. Reporting includes account summaries, an investment overview plus detailed investment data with tax-lot holdings, and a transaction activity schedule. Your wealth advisor and other third parties you wish to permission can also be granted access.

Ease of Use

Reporting is browser based; no software installation or maintenance is required. The only requirement is access to a web browser (e.g. Internet Explorer, Chrome and Firefox). The site is housed in a secured access computer room and protected by a firewall and bit encryption. This is a National Computer Security Association certified site.

The trust accounting statement will be supplemented with the custodian’s statement for full securities detail.

In addition to trust accounting, we will work closely with your tax accountants to ensure they have accurate and timely tax information, and can complete the required South Dakota Bank Franchise Tax return.

Our insights are informed by extensive experience with many of the country’s wealthiest families, as well as many of the top attorneys, insurance professionals, accountants and investment managers across the country. With this valuable background, we work closely with your advisor team to ensure every trust is congruous with your holistic wealth plan and addresses your most important questions.

• Will the fruits of my work ethic erode the ambitions of my heirs?
• Will future generations embrace my philanthropy, or resent it?
• For my Dynasty trust, should the timeframe of “forever” affect the investment strategy?
• As a beneficiary, how can I modernize an out-of-date trust?
• Does my business succession plan carry unseen risks?
• Is equal always fair?