Planning for your brightest future
As you may have learned, the former Bank employees that operated our Wealth Management department, Park Place Financial Investors, left the Bank and established their own firm. We’re committed to ensuring that our customers have options, and so BS&L has partnered with Trust Company of Vermont (TCV) to offer financial advisory services to our customers.
Trust Company of Vermont has a local Brattleboro team, as well as four additional offices across Vermont and New Hampshire. When it comes to your future goals, trust is the most important thing and TCV has been helping Vermonters reach their goals for over 25 years.
Trust Company of Vermont provides a comprehensive offering of investment management and fiduciary services, for one all-inclusive fee. Their services include:
- Investment management
- Trust administration
- Financial & retirement planning
- Estate & tax planning advice
- Socially responsible investment portfolio capabilities
The State of Vermont, in granting the charter to the Trust Company of Vermont, made the initial determination that TCV is a sound organization, adequately staffed and capitalized to perform trust services. Trust assets, whether held by the Trust Company of Vermont or by a bank trust department, are not subject to FDIC insurance. The reason for this is that state and federal law requires banks and trust companies to keep assets separate from the bank or trust company.
The Trust Company of Vermont holds all of its client assets, both trust assets and individually owned investment accounts, with Northern Trust. Furthermore, we are subject to on-site examinations by bank regulators, and we maintain substantial insurance coverage protecting client funds against wrongdoing, errors and omissions and financial failure.
