FOR IMMEDIATE RELEASE
National Advisors Trust Selected by Wescott Financial Advisory Group to Provide Branded Trust Services for High Net Worth Clients
Wescott launches National Advisors’ Trust Representative Office program. New private-label trust company formed, Wescott Trust Services.
Overland Park, KS (March 21, 2011) – National Advisors Trust today announced that it has been selected by Wescott Financial Advisory Group to provide comprehensive trust services through National Advisors’ Trust Representative Office (TRO) program. As part of the TRO program, National Advisors established Wescott Trust Services, through which Wescott will market and implement trust services.
According to Grant Rawdin, CEO of Wescott, “We were looking to expand our services to include corporate trustee services. Many high net worth clients lack trustee solutions, and by implementing National Advisors’ TRO program, we can fulfill that need. In addition to corporate trustee services, we frequently see the need for fiduciary services, such as special needs trusts, guardianships and estate settlement, both for our client base and trusted advisors who refer clients to us. It is important for Wescott to offer these services in order to fulfill our mission.”
Wescott considered several options before selecting National Advisors and the TRO program.
“As part of our due diligence process, we looked at three options for adding corporate trustee services: buy a trust company; start a trust company; or partner with a trust company,” continued Rawdin. “We chose National Advisors over other firms because they have a long track record of excellence and are a recognized leader in providing efficient, cost-effective trustee services through their TRO program. No other company came close to National Advisors Trust in terms of flexibility, experience and culture of working with advisors, systems in place that have been designed for advisors, and responsiveness.”
Wescott has hired Cynthia Bucher, Manager of Trust & Client Services, to be a dedicated resource for Wescott Trust Services and the TRO program. “Cindy is impressed with the TRO program and excited about its potential. We anticipate that we will have great expansion with the new trustee services, which will help fuel our future growth.”
Ron Ferguson, CEO of National Advisors Trust, commented, “With their new trust solutions, Wescott will have a strong impact in their markets. Wescott has a unique approach to integrating financial planning and investment management, and their absolute focus on helping clients achieve their goals helps them understand client needs and stay ahead of market trends. We are delighted to welcome them as new shareholders in National Advisors and to be supporting them with our TRO program.”
About Wescott Financial Advisory Group
Founded in 1987, Wescott Financial Advisory Group LLC is an SEC-registered, fee-only investment advisor providing comprehensive wealth management services. Wescott’s clients are high net worth individuals, families, trusts, foundations, pension plans and institutions. The firm’s investment philosophy is a uniquely disciplined, tax sensitive and opportunistic “open architecture, multi-manager (passive and active management)” approach that has been maintained for over 20 years. This approach allows Wescott to control risk while creating portfolios with a combination of complementary styles, diversifications and enhanced returns. Wescott’s mission is “Achieving Client Goals.” For additional information, please visit www.wescott.com http://www.wescott.com .
About National Advisors Trust
National Advisors Trust Company, FSB, is a federally chartered trust company with assets of more than $7 billion. Founded in 2001, it is the largest independent, RIA-owned trust company in the nation, and is authorized to do business in all 50 states. The company provides a broad range of trust and custody services uniquely designed and positioned for clients of an RIA, including: AdvisorDesk, an advanced, multi-custodian investment management platform, trust accounting services, referral marketing programs, trust education programs, practice management programs, economies of scale, and other related services to advance the success of participating RIA firms and their clients. National Advisors Trust is a “trust only” organization focused on trust and custody services for RIA firms and is not involved in lending and depository banking functions. For more information on National Advisors Trust, visit www.nationaladvisorstrust.com.
For more information contact:
Wescott Financial Advisory Group
National Advisors Trust