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We invite you to contact our Trust Officer, Kathryn M. Hurley, at 845-677-4266, for a confidential discussion of your goals.
What we offer our clients:
Investment Management…Sound, PersonalizedWe begin by listening to you, the client. Do you want to help protect your principal and have it grow for your security, or for something to leave your loved ones? Do you want to ensure that you have a regular income from your portfolio? We’ll start by hearing what you have to say, and then let you know what we can do for you. As our client, you have a choice of two investment management types for your account with us: Discretionary: The bank is appointed as your investment manager, to handle your assets in accordance with predetermined investment objectives that have been selected by you. This service provides for active management of your investments and also includes income collection, record keeping, and income tax reporting. Non-Discretionary: Provides for all of the above services, but allows you to make the final decision on buying and selling securities in your account. Diversification is key to long-term growth and we diversify across asset classes such as equities, bonds, money market investments, and then again within the classes themselves. Diversifying risk is critical and a mix of stocks and bonds makes sense; stocks for growth and bonds for income and to temper the volatility of stocks. We purchase research from top-tier firms like Northern Trust Corporation (Nasdaq: NTRS); founded in 1889, and continually growing domestically and internationally. We insist on purchasing the best research from unbiased sources, because we want to know that we can trust the information we have when we make the determination to invest in a company. We like to know that the companies we invest in, on your behalf, have sound financials, strong management teams and room to grow. Estate and Trust AdministrationThe benefits of enlisting a corporate trustee or executor include expertise, continuity and impartiality. We work with you to ensure that your estate or trust is carefully managed, protected and delivered according to your wishes and the law. Executor: The Bank can be appointed to act as your Executor under your Will. The complex job of administering an estate requires expertise and attention to detail. As your Executor, the Bank will devote its expertise to administer the Estate carefully and to carry out the duties of the Executor. These duties include the collection and valuation of all of the assets in the estate, determination and payment of all estate and income tax, distribution of the estate in accordance with the terms of the Will and an accounting of the transactions in the estate during the administration. Trustee: The Bank can be appointed to act as Trustee/Co-Trustee under the Will or as Trustee under the Trust Agreement. As a corporate trustee, the Bank handles the administration of the Trust, such as Trust tax returns, Court Accountings, Discretionary Distributions, in accordance with the terms of the document, the investments, accounting and income tax returns. The responsibilities of a trustee are numerous and complex, and require impartiality. Hiring a corporate Trustee provides the expertise needed to administer a Trust properly, as well as the oversight and guidance of Bank Management and the Trust and Investment Committee. Customized wealth solutions…Trusts can be a valuable wealth management tool at a wide range of income levels. Too many people hear the word “trust” and think trust fund. Trusts can assure that assets are administered properly and they can save you time, money and worry. Kathryn (Kate) Hurley is a certified trust advisor. The added benefits to you of having a corporate trustee, in addition to expertise, include knowing that the institution will always be there for the life of the trust to manage it in an unbiased manner. CustodialThe Bank can be appointed to act as your custodian, to provide administrative and custodial services including accounting records, income collection, trade execution, daily sweeps of cash into money market funds, and scheduled disbursements. There is no investment management or advice provided with this service. As our client, we put you first. Our staff spends the time with you individually to define your objectives and recognize your aspirations, determine which services and approach suit you best, and create a strategy that makes sense. You’ll have a relationship with your investment advisor where you can sit at a table with someone who listens to your dreams and financial goals, and works with you to help you achieve them Our door is always open to you…please come in. Located discretely in the white building behind the Bank.
Bank of Millbrook Trust Department |
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© 2005 Bank of Millbrook
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