Trust Company

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Dictionary Says

Definition of 'Trust Company'

A legal entity that acts as fiduciary, agent or trustee on behalf of a person or business entity for the purpose of administration, management and the eventual transfer of assets to a beneficial party. The entity acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration and other related arrangements. A trust company does not own the assets its customers assign to its management, but it may assume some legal obligation to take care of assets on behalf of other parties. 
Investopedia Says

Investopedia explains 'Trust Company'

A trust company or trust department is usually a division or an associated company of a commercial bank. Trusts and similar arrangements managed for eventual transfer are managed for profit, which may be taken out of the assets on an annual basis or upon transfer to the beneficial third party. There are often tax advantages associated with using trusts to transfer ownership of assets, but any trust arrangement should be made through qualified professionals that are capable of giving tax and legal advice.

Related Definitions

Search results for

'Trust Company'

  • Should You Put Your Faith In A Trust?

    http://www.investopedia.com/articles/retirement/08/trust-company.asp
    ... One solution to this problem is a trust company, which can provide a variety
    of investment, tax and estate planning services for clients. ...

  • Establishing A Revocable Living Trust

    http://www.investopedia.com/articles/pf/06/revocablelivingtrust.asp
    ... As the grantor, or creator of the trust, you can name any competent adult as your
    trustee; some people prefer to choose a bank or a trust company to fill this ...

  • Who's in charge of managing exchange-traded funds?

    http://www.investopedia.com/ask/answers/150.asp
    ... Almost every one of today's major indexes has an ETF tracking its performance, and
    most ETFs are passively managed by some form of trust company. ...

  • Pengrowth Energy Trust - An Evolving Energy Play

    http://stocks.investopedia.com/stock-analysis/2010/Pengrowth-Energy-Trust---An-Evolving-Energy-Play-PGH1001.aspx
    ... requirements. Pengrowth Energy Trust is converting to a corporation in 2011
    as the company reacts to a tax law change in Canada. The ...

  • Baytex Energy Trust Moves Away From Heavy Oil

    http://stocks.investopedia.com/stock-analysis/2010/Baytex-Energy-Trust-Moves-Away-From-Heavy-Oil-BTE-PWE-WLL-PVX1001.aspx
    Baytex Energy Trust is converting from an income trust to a dividend
    paying exploration and production company in 2011. ...

  • Series 6 Study Guide - Investment Companies - Unit Investment ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-companies/unit-investment-trust.asp
    ... Investment Companies - Unit Investment Trust (UIT). A unit investment trust, or
    UIT, is a company established under an indenture or similar agreement. ...

  • When To Trust Bond Rating Agencies

    http://www.investopedia.com/articles/bonds/09/bond-rating-agencies.asp
    When To Trust Bond Rating Agencies. ... Rating agencies play an integral role in the
    investment process and can make or break a company's success in both the ...

  • 3 Reasons To Own Hershey

    http://stocks.investopedia.com/stock-analysis/2011/3-Reasons-To-Own-Hershey-HSY-KFT-GIS-K-HNZ-NSRGY1117.aspx
    ... One of the indirect benefits of investing in Hershey stock, is that 80% of the votes
    are held by the Milton Hershey School Trust and Hershey Trust Company. ...

  • Penn West Energy Trust Gears Up For Future Growth

    http://stocks.investopedia.com/stock-analysis/2010/Penn-West-Energy-Trust-Gears-Up-For-Future-Growth-PWE-COP-PGH-BTE0930.aspx
    ... Penn West Energy Trust (NYSE:PWE) is converting to a corporation early in 2011 due
    to the imposition of a new tax in Canada. The company is preparing for its ...

  • Series 6 Study Guide - Securities Industry Regulations ...

    http://www.investopedia.com/exam-guide/finra-series-6/securities-industry-regulations/investment-company-definition.asp
    In this section Classification of Investment Companies as Face-Amount Certificate
    Company, Unit Investment Trust, Management Company and exemptions to it. ...

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