Study: Millennials Opting for Will-Based Estate Plans
A recent study found that 75.1% of millennials are opting for will-based estate plans and 18.8% are using a trust-based estate plan.
Browsing: Trust activities
Podcast: Top Trends in Trust Services for Banks
How is the trust services sector positioning itself to serve the next generation of wealth clients?
OCC Interpretive Letter Addresses Crypto Activities, Chartering of Trust Banks
In an interpretive letter issued today, the OCC confirmed that national banks and federal savings…
FDIC Proposes to Simplify Deposit Rules for Trusts, MSAs
The FDIC board today approved a proposal to simplify the deposit insurance rules for deposits of trusts and mortgage servicing accounts. Comments on the proposal will be due 60 days after publication in the Federal Register, and the American Bankers Association will file a comment letter.
Podcast: The Changing Faces of Wealth Management
From the ongoing generational wealth transfer to new “wealthtech” solutions and investor demands for sustainability and diversity, big changes are happening in the wealth management sector.
SEC Expands Accredited Investor and QIB Definitions
The Securities and Exchange Commission today approved amendments to the definitions of “accredited investor” under Regulation D and “qualified institutional buyer” definition under Rule 144A.
ABA Comments on IRS Proposal on Trust and Estate Deductions
In a comment letter last week, ABA offered feedback on a recent IRS proposal to address the treatment of deductions by non-grantor trusts and estates after changes made by the 2018 tax reform law.
Podcast: Adding Value with Relationship-Based Wealth Planning
Nerre Shuriah of First Citizens Bank explores how to deliver a relationship-based, community banking asset management service in an environment of fee and commission compression.
ABA Supports OCC’s Proposed EGRPRA-Recommended Rule Changes
In a letter to the OCC today, the American Bankers Association offered support for several proposed rule changes, including those sought by the association during the Economic Growth and Paperwork Reduction Act feedback process.
Podcast: The Race to Engage Women in Financial Planning
The wealth management business is in a race to engage today’s diverse asset management customers. Top wealth management executive Gunjan Kedia explains what U.S. Bank is doing to better serve women in the marketplace amid sweeping demographic changes.