Our mission at The Trust Company is to create, preserve, and enhance your financial peace of mind. When you sleep better at night, we do, too. As a trust company, we are beholden to a legal standard of ethics known as the “Fiduciary Duty." It sets a higher bar than the “suitability standard” that applies to most other investment managers and financial advisors. The suitability standard means that investment recommendations are deemed appropriate if they simply meet the client’s needs. At The Trust Company, we don’t think that’s good enough. The duties of a Fiduciary include: Duty of Loyalty: Act solely in the interest of the client. Duty of Good Faith: Act with conscious regard for Fiduciary responsibility. Duty of Confidentiality: Protect clients’ personal information. Duty of Prudence: Act with a high degree of care, skill and caution on behalf of clients. Duty of Disclosure: Act with complete candor toward the client. Mark Knackendoffel, Founder, President and CEO of The Trust Company, recognized early in his career that clients’ interests were best served within a Fiduciary relationship. That’s why the Fiduciary Duty is not simply a requirement of our business model, but an integral part of The Trust Company’s culture of helping people. Mark has said, “I love the feeling of solving people’s problems, often in difficult or trying times. On many occasions, we get involved when there’s some kind of tragedy or life-changing moment that, very often, our clients are unprepared for — such as the death of a parent. The fact that we can provide good answers and solutions, and also keep clients focused on what they’re trying to accomplish, is what makes our work satisfying.” Read about our services and contact us today to find out how The Trust Company can help you achieve financial peace of mind.
