Ways We Can Serve

Depending on the language of your trust and how you would like Hightower Trust Company to work with your
advisor and any other individual trustee or executor, Hightower can serve in the following capacities:

Trustee

When Hightower Trust Company serves as trustee, we have the fiduciary duty to administer your trust in the best interest of all trust beneficiaries, providing objective and impartial decision-making regarding trust assets and distributions to trust beneficiaries.

Corporate Trustee

When Hightower Trust Company serves as corporate trustee, we are charged with the fiduciary administrative and tax duties of trustee and the fiduciary responsibility to manage and prudently invest the trust’s assets. In most cases, investment management will be delegated to your advisor, and Hightower Trust Company will provide fiduciary oversight to ensure the investment management aligns with the objectives of your trust.

Directed Trustee

When Hightower Trust Company serves as directed trustee, we are charged with the fiduciary administrative and tax duties of trustee, but the terms of your trust direct that your advisor assumes full fiduciary responsibility for investment management of trust assets.

Co-Trustee

When Hightower Trust Company serves as co-trustee, whether we are serving as corporate trustee or as directed trustee, Hightower Trust Company shares discretionary distribution decision-making with an individual co-trustee but retains full authority over the other functions of a corporate or directed trustee.

Successor Trustee

When Hightower Trust Company is designated in your trust as successor trustee, Hightower performs no current services, but we are positioned to step in as trustee when you or the current trustee are no longer willing or able to serve as trustee.

Agent

When Hightower Trust Company serves as agent, a family member or other individual who is serving as trustee or executor delegates certain duties to Hightower Trust Company.

Agent for Trustee with Investment Authority

When Hightower Trust Company serves as agent with investment authority to another party who is serving as trustee, we perform the administrative and tax duties delegated to us by the trustee and assume the fiduciary responsibility delegated to us by the trustee to manage and prudently invest the trust’s assets. In most cases, investment management will be delegated to your advisor, and Hightower Trust Company will provide fiduciary oversight to ensure the investment management aligns with the objectives of your trust.

Agent for Trustee without Investment Authority

When Hightower Trust Company serves as agent without investment authority to another party who is serving as trustee, we perform the administrative and tax duties delegated to us by the trustee, and the trustee retains fiduciary responsibility for investment management of trust assets, typically delegating responsibility for investment management to your advisor.

Agent for an Executor

When Hightower Trust Company serves as agent to the executor, either with or without investment authority, Hightower performs the administrative and tax duties delegated to us by the executor and, if delegated to us by the executor, assumes the fiduciary responsibility to manage and prudently invest the estate’s assets. In most cases, investment management will be delegated to your advisor, and Hightower Trust Company will provide fiduciary oversight to ensure the investment management aligns with the estate settlement objectives.

Overview
Our Services:
- Personal Trust Services
- Ways We Can Serve
- Getting Started

Learn about Trusts:
- How a Trust Works
- Why Use a Corporate Trustee?

For Attorneys:
- Attorney Overview
- How to Appoint Hightower
Contact Us

Legal & Privacy
Web Accessibility Policy

Securities offered through Hightower Securities, LLC, Member FINRA/SIPC, Hightower Advisors, LLC is a SEC registered investment adviser. brokercheck.finra.org
©2024 Hightower Advisors. All Rights Reserved.

Trust and agency services are provided by Hightower Trust Company, National Association (“Hightower Trust Company”), a wholly owned subsidiary of Hightower Holding, LLC, and an affiliate of Hightower Securities, LLC, Member FINRA/SIPC, and Hightower Advisors, LLC (“Adviser”), an SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. In certain circumstances, Hightower Trust Company delegates investment management authority to the Adviser. The Adviser receives an investment management fee that is part of the overall trustee fee that is charged by HighTower Trust Company. All securities transactions are processed through registered brokers that are monitored by Hightower Trust Company. The Adviser may earn or accept “soft dollars” commissions on client related transactions in line with Adviser’s policies and procedures and within accepted safe harbor uses such as research services which is believed to benefit client portfolios. Hightower Trust Company relies on Adviser for several administrative services and Adviser is reimbursed for actual costs and for services.

This material contains general information and opinions that were prepared by Hightower Trust Company, and is not intended, nor should it be construed, as tax, investment, or legal advice. This material does not take into account the particular investment objectives, financial situation, or needs of an individual client.

Hightower Trust Company and its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Hightower Trust Company and its affiliates assume no liability for any action taken in reliance on or relating in any way to the information.

Unless otherwise specified, products purchased from or held by Hightower Trust Company are not insured by the FDIC or any other federal or state government agency, are not deposits or other obligations of Hightower Trust Company and are not guaranteed by Hightower Trust Company or any of its affiliates.

Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results, and no investment or financial planning strategy can guarantee profit or protection.