Over the last several years, a new crop of trust companies has sprung up to serve the RIA market. These companies shoulder the trust burdens of clients while allowing advisors to focus on investments and "own" the relationships. Advisors have turned to them largely out of fear that the biggest trust companies, often part of large banks or which offer wealth management services, will lure wealthy clients away.

Some experts worry that these young firms aren't as knowledgeable as old-line trust companies. They fret that the complex responsibilities of a corporate trustee will be beyond their ability, and that clients will end up paying.

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