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ARTICLE · 19 JULY 2019

On Wealth: The Modern Evolution Of The Trust Company

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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During the past decade there has been a significant shift in the ownership and structure of the private trust business that serves high net worth individuals and families in the United States

United StatesWealth Management
Jonathan Wainwright
Jonathan Wainwright
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During the past decade there has been a significant shift in the ownership and structure of the private trust business that serves high net worth individuals and families in the United States and abroad. Two of the largest growth areas have been the proliferation of private trust companies, and the resurgence of privately owned boutique or bespoke trust companies that offer high-quality investment services together with an array of family office services.

Private trust company

A private trust company (PTC) is a privately owned government chartered entity which is primarily designed to provide fiduciary services to members of a single family. A private trust company differs from a family office in that a PTC can serve as a fiduciary under certain state or local laws.

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