STARTING A NEW TRUST COMPANY
TRUMPLER WEALTH CONSULTING
has been associated with startups of both nationally and state-chartered trust companies. TWC will:
Advise on the most appropriate charter for the proposed trust company
Define the process for application, based upon different state statutes
Develop a pro-forma budget, essential in determining when profitability
and the return to the investors will be achieved
Capital required
Staffing
Office space
Governance/board of directors
Systems for custody and trust accounting
All other costs
Define an exit strategy.
Every investor will be most concerned with getting their investment back
Assess and recommend the best business model, among the many that have evolved over the past few years
Develop a marketing and sales plan