Frequently
Asked Questions
How
do I know my assets are safe?
The
State of New Hampshire, in granting the charter to the
New Hampshire Trust Company, made the initial determination
that NHTC is a sound organization adequately staffed and
capitalized to perform trust services. Trust assets, whether
held by the New Hampshire Trust Company or by a bank trust
department, are not subject to FDIC insurance. The reason
for this is that state and federal law requires banks
and trust companies to keep assets separate from the bank
or trust company.
The
New Hampshire Trust Company holds all of its client assets
with the Bank of New York. Furthermore, we are subject
to on-site examinations by bank regulators, and we maintain
substantial insurance coverage protecting client funds
against wrongdoing, errors and omissions and financial
failure.
How
does New Hampshire Trust Company differ from stockbrokers,
financial planners and bank trust departments?
The
primary difference is our unique corporate status as an
independent trust company, locally controlled.
We are free from the influences of an owner that may have
products to sell and/or might be insensitive to
the needs of our customer. This allows us to make our
investment decisions solely for the benefit of the client
or the trust beneficiaries.
Another
difference is our fee arrangements. New Hampshire Trust
Company avoids all conflicts of interests when charging
fees and we fully disclose all fees in a simple and understandable
manner.
Furthermore,
we are unique in pricing our accounts by relationships
rather than individual accounts. This encourages needed
trust accounts for family members regardless of size.
Although
New Hampshire Trust Company is permitted to receive compensation
from certain mutual funds (12b-1 and other administrative
fees), we have elected not to in order to enhance the
investment return for our client accounts. We want to
be free of any self interest when making recommendations.
How
easy is opening an account at New Hampshire Trust Company
? Can I transfer assets to the New Hampshire Trust Company
without incurring fees or taxes?
Whether
you are moving funds from a bank trust department, broker
or financial planner, transferring assets is simple. In
most cases, securities are transferred, not sold, to avoid
unnecessary capital gains. Most stocks, bonds, and mutual
funds can be transferred in two days with the cooperation
of the transferring institution.
Will
I earn a better rate of return on funds than I do now?
This
is our goal. We offer the skill of 9 proven investment
managers averaging approximately 20 years experience.
We have attracted this talent because we offer employee
ownership, encourage customer contact and customization,
and provide the resources to manage assets well.
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