Wealth Advisor Fees Breakdown
At Wealth Advisors Trust, we specialize in you. We understand the complexities and stress that is involved with selecting a Trustee, (See our blog “How to Choose A Trustee In Four Easy Steps.” ) and have years of industry experience to put you at ease.
We provide Agency Trustee, Corporate Trustee, and Irrevocable Life Insurance Trust services to clients across the country and pride ourselves on transparency and efficiency which means no hidden fees and no funny business. We are not the cheapest nor the most expensive when it comes to Wealth Advisor Fees but believe our services and fees are based on real value and our customers agree. (Read Testimonials Here)
Please feel free to call us with any questions or concerns. We would love to chat with you.
Agency trustee services allows an individual, who is the trustee, to hire a corporate trustee to do some or all of the trust administration work such as make distributions, pay bills, provide for principal and income statement accounting and much more. A benefit is an individual does not have to make discretionary distribution decisions alone. They have access to a Trust Officer to discuss those distributions per trust document guidelines, if they wish. Great for elder care planning. Distribution decisions remain under the control of the individual trustee. The advisor continues to manage the trust investment assets. Additional charges can be added for bill pay. One time set-up fee of $750.
Trustee fees are based on risk and time broken into 7 factors. They are: 1) Directed or Delegated trust; 2) No. of beneficiaries; 3) No. of annual distributions; 4) No. of trusts; 5) Size of the trust; 6) Custodian; and 7) Type of assets. All trusts have a onetime set-up fee of $750.
ILIT services includes Crummey letter preparation and filing along with coordination of premium payments. After collection of insurance proceeds, applicable trust fee schedule applies.