The
Trust Company of Vermont
The
Trust Company of Vermont is a state chartered trust and investment
management firm for individual investors, corporations and non-profits.
Headquartered in Brattleboro,with offices in Burlington, Rutland,
Manchester, St. Albans and Stowe, the Trust Company was chartered as of September
16,1999 and became the state’s first independent trust
company. As of May 2008, the Trust Company has grown from a
zero base to more than $655 million in managed assets.
“As
an employee owned independent trust company, we have the resources,
focus and flexibility to provide the type of service that we are
proud of at the end of the day......every day.”
A company devoted solely to investment
management and trust services, the Trust Company is unique among
fiduciary and investment advisors for its combination of independence,
local employee ownership, expertise, and approach to maintaining
long-term relationships.
Independent trust companies offer
the same services traditionally found in bank trust departments;
however, unlike bank trust departments, they are not owned by
banks. As a single-purpose and unaffiliated institution, the Trust
Company of Vermont has a wealth of knowledge and skill with which
to help clients achieve their investment objectives with greater
flexibility and control than typically encountered in trust departments,
which are dependent upon the bank owner for resources. As an independent,
the Trust Company is able to integrate seamlessly with banks or
other financial institutions of the client’s choice.
An employee-owned and locally controlled
organization, the Trust Company is structured to remain a Vermont-based
company in perpetuity. Immune to the effects of corporate consolidation,
the Trust Company provides a stable environment for both its clients
and staff.
The
founders of the Trust Company of Vermont hold firm to the belief
that they have created a company offering a distinctly attractive
alternative to the services provided by bank trust departments
and investment management firms that are facing ongoing mergers
and demands for ever increasing corporate profitability. They
believe they have restored the balance between the needs of the
customer and the corporate owner so that all will be served.
“It
is our belief that investments, trust/tax administration, and
asset safekeeping should not be outsourced, in order to control
the quality of our service.”
A vital strategic partner with its
clients, the Trust Company offers a full range of services with
a refreshing ability to think creatively and to value customization.
Its staff, whose members possess on average 24 years of investment
or trust related experience, is uniquely qualified. This exceptional
team of trust professionals was attracted to the concepts of independence
and empowerment and to the opportunity to design a company that
reflects their philosophy. Consequently, they are able to bring
all trust services under one roof. It is the Trust Company’s
belief that this integration only adds to the quality of service.
Investment
Management services are provided by John Abel, Chris Cassidy, David
DeBellis, Harold Hebert, Bonnie McLellan, Richard Pearce, Peter Sherlock, Steve
Singiser, and Nanette Stevens, all of whom are members of the
Trust Investment Committee. The Trust Investment Committee brings
together managers with a variety of strengths and superior skills
who have combined to produce an enviable performance record while
specializing in managing customized portfolios.
Trust
Administration services are provided by Deborah Brown, Christopher Chapman,
Jack Davidson, Bobi Flynn, Jeanne Gilbert, Ashley Ferrone, Mary
Ann McDermott Reynolds, Sharry Rutken, George von Trapp and Jane Waysville. This
administration team brings together individuals who have extensive
experience in taxation, estate planning, planned giving for non-profits
and fiduciary law.
The
Operations system, selected to provide simplified customer
reporting and sophisticated back-office accounting, is managed
by Andrea Freeman, who has 23 years of trust operations experience.
Clients have daily access to their portfolios through a secure
Internet link. All assets are held at the Bank of New York, one
of the leading providers of asset safekeeping.
“We
feel that we have achieved the benefits of intimate, personalized
service found in small investment advisory firms while maintaining
the benefits of oversight found in larger institutions.”
As
a state-chartered institution, the Trust Company of Vermont is
examined and regulated by the Vermont Department of Banking. The
Trust Company also employs an internal auditor. Ellen Lowery,
a Certified Information Systems Auditor with 25 years
of trust experience, reports directly to the audit committee,
which consists primarily of those directors who are not employees
of the Trust Company.
The
board membership is comprised of seven employee representatives
and four non-employee members. The non-employee members are Elizabeth
Bankowski, Joseph Constance, Ernest Gibson III and Peter Sherlock.
The diverse backgrounds and wealth of
experience these individuals bring to the company is extraordinary.
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