Fiduciary Financial coordination
Fiduciary Financial Coordination
Prudent has decades of experience working with public, private, and family fiduciaries and their teams. Whether you’re serving as a trustee, conservator, or guardian, we help make your role as fiduciary easier.
Our operational processes are designed to perform a variety of administrative tasks for your accounts, such as marshalling assets, transferring assets, account titling, determining stepped-up basis for decedent cases, and the management of taxes in non-retirement accounts.
We assist fiduciaries by providing portfolio analysis for new or existing trusts and estates. Our analysis includes a review of the portfolio’s holdings and allocations and their effect on the portfolio’s diversification. We also provide tax efficient ways to capture short-term/long-term capital gains. Additionally, we conduct asset depletion analysis to determine whether long-term care objectives are realistic and reasonable.
We manage our investment portfolios to comply with the Uniform Prudent Investor Act by constructing diversified portfolios with appropriate risk/return characteristics, thereby minimizing your liability. Our regular client reviews and annual compliance reviews help you fulfill your duty to monitor the investments.
We know that the care, skill, and caution you use in selecting your investment advisor is also used when selecting your team of attorneys, accountants, caregivers and other professionals. We work closely with these team members to see that court documentation is appropriate, the Investment Policy Statement/Plan is prepared, and information for tax filings is timely and accurate.
Like you, our fiduciary clients, we at Prudent are also bound by the fiduciary standard and are committed to putting your needs first. As an independent adviser, our allegiance is to you, not to a parent company or bank. This gives us the luxury to make investment recommendations and choose technology and financial partners that best support your job as a fiduciary.