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