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Category: MutualWealth

Trust Services

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Can I monitor and manage my trust account online? If so, what sorts of things can I do within the online portal?
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Can I monitor and manage my trust account online? If so, what sorts of things can I do within the online portal?
Account values and activity can be viewed online daily. Monthly and quarterly statements are also viewable online, if desired.
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Will an expert be dedicated to me and my trust account at MutualWealth?
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Will an expert be dedicated to me and my trust account at MutualWealth?
Yes. Every trust account has a dedicated Trust Administrator as well as a separate Investment Officer dedicated to providing trust services.
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How often, typically, does MutualWealth review the goals and progress of their clients’ trust accounts?
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How often, typically, does MutualWealth review the goals and progress of their clients’ trust accounts?

Each account is reviewed, at a minimum, on an annual basis. Face to face meetings with clients and families are arranged as desired.

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Does MutualWealth offer a free consultation to discuss my trust needs?
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Does MutualWealth offer a free consultation to discuss my trust needs?
Yes. Prospective clients often determine that a trust is unnecessary and they are in need of more basic planning. This type of review is free of charge and can be invaluable to someone who is trying to determine how to plan for the future.
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Is there a minimum level of investment required in order to set up a trust with MutualWealth?
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Is there a minimum level of investment required in order to set up a trust with MutualWealth?
Typically, MutualWealth sets a minimum relationship size of $250,000.
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What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?
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What are the initial costs and ongoing fees for MutualWealth to set up and manage a trust?
MutualWealth charges a fee that ranges from a .5 to 1.25 percent of the annual assets under management depending on the size of the relationship. There may be additional expenses for unique assets or responsibilities.
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In what ways does MutualWealth invest trust assets?
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In what ways does MutualWealth invest trust assets?
MutualWealth will invest the assets of a trust according to the instructions laid out in the document. Investments can be comprised of marketable securities (stocks, bonds and mutual funds), farmland, oil wells, real estate, and much more. In the absence of formal direction in the trust document, MutualWealth will typically invest in marketable securities suitable to the trust needs.
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Does MutualWealth have a trust document I can use?
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Does MutualWealth have a trust document I can use?
No, MutualWealth personnel cannot practice law so you should talk with your attorney to have the appropriate document tailored to your specific needs.
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What types of trusts can MutualWealth assist with?
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What types of trusts can MutualWealth assist with?
MutualWealth has the capability to administer any legal trust instrument under the laws of the United States.
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What does it mean to be a ‘fiduciary’?
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What does it mean to be a ‘fiduciary’?
A fiduciary is someone who is acting on behalf of an individual or group of individuals who have created instructions, typically through a formal trust agreement. The fiduciary is legally responsible for following the instructions of the trust and must put the interests of the trust and its beneficiaries above his or her own.
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These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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