THE FIDUCIARY STANDARD
At U.S. Trust, our trust and investment management relationship with you is supported by the strongest standard of integrity, trust and accountability: the fiduciary standard.1 Whether we are managing your portfolio, serving as trustee, or administering an estate, our focus is what best meets your objectives and expectations.
Your best interests are ours as well. The fiduciary standard is the foundation for a consistent, disciplined investment process.
- When we provide investment services to you, your portfolio manager works with you to design a formal investment policy statement. As a result, your portfolio is driven by your personal and financial objectives and the asset allocation that is specifically designed to meet them.
- In adhering to the fiduciary standard, our commitment is to focus on your interests and goals.
- When we call upon our colleagues and affiliates at Bank of America to assist us, we provide disclosure of conflicts of interest we believe may exist.
Focusing on our obligations. Because we are a national bank, government regulators examine our fiduciary activities regularly to assess compliance with our responsibilities.
- Through a prescribed process, we review all fiduciary accounts to see that fiduciary investment standards are being met and that those accounts are being administered in accordance with their investment policy statements and governing documents.
- When we serve as trustee, we monitor adherence to the terms of the trust document as well as the unique investment and wealth transfer objectives of the trust to help ensure that we are meeting our fiduciary obligations to you and the trust beneficiaries, both present and future.
1 Bank of America, N.A. and U.S. Trust Company of Delaware (collectively the "Bank") do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/ services or referrals to other affiliates of the Bank.
This content is designed to provide general information about planning ideas and strategies and does not constitute legal advice, and is not intended to be all-inclusive. It is for discussion purposes only since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.