Depending upon their unique needs, existing wealth management services providers also benefit from TRC’s feasibility study process, as select elements of a feasibility study can frequently be of assistance in examining current services and considering strategies for the future. This web site also contains a separate section of particular interest to existing wealth management services providers.
We recognize that the consideration of fiduciary services (trust / asset management /wealth management) is most frequently a step in a new direction for our clients and our studies provide them with a thorough introduction to the industry and a realistic examination of the potential for these services at their institution.
A feasibility study for your institution would commence with the completion and submission of a detailed questionnaire. This questionnaire provides us with all information needed to prepare a thorough and appropriate study. When thoughtfully executed, we have little reason to interrupt your schedule with additional questions during the feasibility study engagement, although we keep you updated throughout the process.
A written report is submitted upon completion of the engagement and while specific to your institution, would typically contain:
 |
An
analysis of the demographics of the markets you serve |
|
Our
interpretation of the attractiveness of those markets for trust
and asset management services |
|
Identification
of those markets in which we would suggest you concentrate your
trust and asset management marketing efforts, should you determine
to introduce those services |
|
A
complete analysis of your potential bank competition |
|
The examination of your state, local, and national wealth management banking industries |
|
Specific
suggestions relative to services that would be appropriate given
the specifics of the demographic and competitive findings |
|
Complete
ten-year financial projections, reflecting realistic expectations
for your institution |
|
Our unbiased recommendation relative to the potential introduction of
these services at your institution |
Following
submission of our written implementation engagement report, a representative will
make an on-site PowerPoint presentation of our findings and recommendations. This important element of our feasibility study
engagement allows you to ask questions and receive the benefits of our
hands-on experience in the trust and asset management field.
Our feasibility study services are designed to provide you with all information needed to reach a fully-informed and unbiased decision relative to the potential introduction of these services.