. . . providing existing and potential wealth management / trust department service providers with unbiased assistance
Implementation Planning Programs
Should you determine it appropriate to offer wealth management services at your institution, whether we have performed a feasibility study for your institution or you have conducted one on your own, you can benefit from our Implementation Planning Program. These services are designed to provide your institution with a solid foundation upon which to initiate your new services, or examine existing services. Existing service providers may also avail their institution of all, or select, features of an implementation planning engagement.
While our implementation services are designed to your unique needs, they most typically include the following:
Submission
of a draft of select regulatory applications.
Composition
of an appropriate Mission Statement
Submission
of suggested Board resolutions required and potential bylaws changes
Appropriate
composition of an efficient and effective management structure
Submission of position descriptions
Suggested compensation programs
Periodic
reporting suggestions to assure an effective flow of information
between management, committees and your Board
Suggested
committee meeting agenda items, approval processes and information
flow
Specific
product recommendations, provided a prior TRC feasibility study
has been conducted
Suggested
internal referral award program
Assistance
in hiring an appropriate department manager, as requested
Input
relative to the composition of fee schedules
Specific
third-party service recommendations relative to operating systems,
custodian, investment management and tax preparation
Consideration
of institution-wide implications to initiating these services
