Non-Traditional Assets

Beyond common holdings such as stocks, bonds and mutual funds, Trust’s custodian expertise extends to less-liquid assets including:

• Direct participation programs (DPPs)
• Limited partnerships (LPs)
• Limited liability companies (LLCs)
• Private and preferred stock placements
• Deeds of trust for mortgages
• Promissory notes
• Real property
• Bank stocks

Valuation Services

With a limited market for non-traditional investments, valuation of such assets can prove challenging. Trust requests valuation assessments from asset sponsors once a year, leveraging its extensive workings with the less-liquid non-traditional asset market.

Compliance Review

Custody of non-traditional assets may be subject to regulations issued by the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and other regulatory and government entities. To help meet relevant compliance standards, Trust regularly reviews governing rules and regulations regarding the custody of such assets.