Trust funds are typically plump with assets to manage. Now, RIAs may be able to keep those asset management fees, after trusts are funded, without having to disrupt back office operations. National Advisors Trust is departing from its usual practice by allowing RIAs to custody trust assets at the three largest platforms.
For most of its eleven-year history, National Advisors Trust has required RIAs to custody trust accounts on its proprietary platform, AdvisorDesk. In a recent expansion, National Advisors Trust's trust administration services are available to RIA firms on the Fidelity and the TD Ameritrade platforms; those services will be available on the Schwab platform beginning in the fourth quarter of 2012.
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