Our Fees

At the Trust Company of Vermont, we may be unique in pricing our relationship. Recognizing that our goal is to attract and maintain long term family relationships, as well as the essential fairness of a fee schedule that does not treat related accounts separately, the following schedule is based on the market value of all related accounts (personal trust accounts, management accounts, IRAs, trusts for children and grandchildren) held for the benefit of related family members:

Annual Fees for Trusts & Investment Management Accounts

1% of the market value of the first $1,000,000.
0.65% of the next $500,000.
0.55% of the next $500,000.
0.45% of the next $500,000.
0.40% of the balance.

Annual Fees for Non-Managed Accounts

One half of the standard fee for managed accounts.

Our policy is to avoid charging additional fees.  We do not assess a base fee, minimum fee, excess disbursement fee, 12B-1 fee, tax preparation fee, accounting fee (except for testamentary trusts and guardianships) or termination fees in excess of out-of-pocket expenses.  Consequently, we conduct an account services evaluation before acceptance of new relationships. We may assess additional charges for extraordinary services.

The Significance of Our Logo

Many firms and individuals offer Investment Management. The cost will vary depending on whether the manager makes his or her fee from commissions or a percentage of the assets managed. Those that charge based on asset value tend to assess a fee from 1% to 3% annually. If mutual funds are used, the median annual fee is 1.5%.

A managed portfolio requires a Custodian to hold the assets and attend to the details of asset handling such as buying and selling, dividend collection, tax reporting and statements. Costs vary from the nearly free to the expensive and related services such as bill paying and tax lot accounting may not be available.

Many managed portfolios evolve into Trusts designed to provide for ongoing investment management after the death or incapacity of the owner, tax savings, and the care of investment needs of more than one generation. Trust administration requires specialists in order to avoid tax and legal problems. Costs for such specialists, such as accountants who will file fiduciary returns and lawyers who will advise the trustee of their accounting and legal duties, vary widely.

The Trust Company of Vermont provides all three services in one package with extra features such as automatic payment of bills, tax lot accounting and Internet access to statements. Our fees start at 1% of managed assets and may decline as assets grow in size (all family related accounts are treated as one account for fee reduction purposes).

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