Prior to finding Truxton Trust, a client lost substantial wealth in proprietary investment products sold by large, reputable investment firms. These investments were sold as structures generating better returns than commonly found in the market due to some special structure or investment expertise. Though returns were favorable for a little while, the client learned after a substantial loss of principal that the investment risks were also substantial. His complaints and concerns were addressed only with advice to purchase other propriety investments with more promises of better returns. He is now very appreciative of his relationship with Truxton Trust. Truxton Trust resurrected the ideal of being guided by the client’s objectives rather than by a product-of-the-day sales focus. For many of its investment portfolios, Truxton Trust utilizes outside investment managers to complement our own substantial expertise. If an investment manager doesn’t perform as expected, the manager is replaced. It’s that simple. A true focus on creating strategies that enhance probability of successful outcomes requires identifying and utilizing the very best managers for different styles of investing. Truxton Trust’s willingness and ability to take this approach leaves the bank uniquely well-suited to pursue and achieve the client’s best interests. This client can’t understand why any investor would tolerate a proprietary product focus from their investment firm. We can’t either.
With the loss of a spouse, a Truxton Trust client has recently inherited substantial wealth. However, in addition to marketable securities, the inherited assets include small business partnerships and real estate in multiple states. Quickly, the client understands that few of her current family advisors are proficient in working with all of these assets in any coordinated fashion. Many asset managers only want to work with marketable securities. Real estate experts, accountants and attorneys are likewise specialists in their particular fields. Fortunately, her children introduce her to Truxton Trust. With credentialed expertise in areas including real estate management, insurance, estate planning and investment management, Truxton Trust is structured deliberately to work with a client’s complete wealth profile. The client is so pleased with Truxton Trust’s professionalism and their goal-oriented, unbiased approach that she moves all of her banking business and even has Truxton Trust pay many of her personal monthly bills. After a period of stress and anxiety, the client and her children now enjoy a welcome peace-of-mind.
Truxton Trust clients understand that their will needs updating. The tax laws have changed; their wealth has increased; and their familial and charitable desires have changed. Before seeing their attorney, the clients work with Truxton Trust. Our people have tenured expertise in trusts, foundations and other estate-planning techniques. Moreover, as part of the planning process, Truxton Trust helps to ensure that assets are appropriately positioned and titled so that the plan can be executed properly. The clients save time and money working with Truxton Trust in conjunction with their estate attorney. They thought that they were just executing a new will, yet Truxton Trust assists them in meeting long-term objectives for their family and for other causes that are important to them.
A Truxton Trust client and his spouse amass a smorgasbord of investments, in taxable accounts, retirement plans, trusts, etc. over a period of years. All of these investments were purchased with the best intentions, and some have performed admirably. Today, they appreciate that their investments are fragmented and “cluttered.” And while they understand a need to simplify, they don’t appreciate that their uncoordinated approach has exposed them to greater risk than necessary and has diluted their potential returns. Truxton Trust Wealth Management begins every client dialogue with a request for all financial information, including not only all of the client’s investments but also their insurance, wills, business interests, etc. With this comprehensive approach, Truxton Trust is able to recommend a straightforward wealth management strategy where all parties know where they are and where they want to go. It is a goal-oriented, coordinated, consolidated investment plan. In this case, achievement of investment objectives is even better when simplicity and quality of life are by-products.
A Truxton Trust client has a comfortable income and an investment portfolio heavily weighted in a few large-cap equity securities that she inherited from her parents. She is secure in her situation knowing that she will have to sell the securities periodically to maintain her lifestyle throughout her life. Her investments have generally performed well over her lifetime. However, after careful analysis, Truxton Trust shows the client that, while her current weighting in these equities can generate the desired results, there is a strong probability that her current investment portfolio will fall short of meeting her expressed needs. The high variability of concentrated investments, an abundance of taxes and a long life expectancy all play a role in this analysis. The math is undeniable. The client and Truxton Trust work on a strategy to reduce the client’s concentration and enhance her portfolio’s ability to meet her needs whatever may come. The client and her family are appreciative that Truxton Trust has reduced her “lifestyle risk,” a problem that she didn’t know that she had.
A client comes to Truxton Trust just before retirement seeking a temporary loan. The client is somewhat illiquid, but has strong net worth with assets in real estate and fine arts. The Truxton Trust team reviews the client’s financial documents including his will, life insurance contracts and various investment accounts, and discusses with him his long-term needs and concerns. Suggestions are made by Truxton Trust to enhance the value of the client’s estate and reduce the tax burden. On the bank’s recommendation, the will is restructured by a local attorney. The client has had inconsistent returns on his self-directed investments. Truxton Trust helps the client set investment goals generating sufficient income and a structure of appropriately diverse and stable investments. Truxton Trust extends loans to the client until the assets are sold. Once the assets are sold, the Truxton Trust Wealth Management team manages the investment assets per the prescribed plan. The client is very grateful for Truxton Trust’s assistance, which saved him and his family money and streamlined his transition into a comfortable retirement. Had Truxton Trust not intervened as they did, the client would have had less wealth, more taxes and more investment risk. Now he can enjoy retirement and financial peace of mind.
- Not FDIC Insured
- No Bank Guarantee
- May Lose Value