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Asset
Management
Summit Trust's Asset Management Department provides
fiduciary,
agency, and investment services through and for professional
advisors to manage the
investment portfolios for individuals, families, corporations, and
institutions that seek to take advantage of Nevada's unique laws.
Investment Advice – Summit Trust Company does not
render investment advice. Such advice should be sought from
qualified and properly registered investment advisors or securities
registered representatives. Summit Trust Company relies upon the
advice of such qualified advisors in the selection of investments for
portfolios under Summit Trust Company’s management.
Summit Trust Company utilizes the Dimensional Fund
Advisors family of no-load asset-class mutual funds as its primary
investment portfolios. Investment advice for these
portfolios is provided by OBS Financial Services, which is a qualified
broker/dealer and registered investment advisor.
Summit Trust Company may use certain forms supplied by the Investment
Advisor to collect data regarding suitability, in order to assist in
the selection of the portfolio matched to the appropriate risk level
for the client. Summit Trust Company may rely upon other
registered investment advisors to manage certain portfolios, and upon
the investment advisor selected by the individual clients.
Our professional advisor clients benefit from a Nevada financial
institution that provides a high-level of client service delivered by
experienced professionals. Summit Trust Company provides solutions to
customers' needs in a flexible and cost efficient manner.
The goal of the
Summit Trust Asset Management Program (STAMP) is
to provide clients with
the highest level of service and investment solutions that meet their
specific goals. With this in mind, Summit Trust has, in our opinion,
the best investment strategy to benefit every type of account of
our investors.
At the heart of Summit's STAMP Program are Exchange Traded Funds and
Mutual Funds.
STAMP
- Exchange Traded Funds
Exchange Traded Funds (ETF) are a dynamic addition to any portfolio.
ETFs were first introduced to the American markets in the mid 1990s.
Since then, these exciting investment tools have grown rapidly to over
$400 billion of assets. ETFs offer exposure to dozens of asset classes
due to ETFs broad diversification, great flexibility, low expense
ratios, high tax efficiency, superior ETF trading flexibility, and
competitive long-term performance. Investment advice regarding
the Exchange Traded Funds portfolio is provided by Brown Investment
Advisors, Inc., a Pennsylvania licensed registered investment advisory
firm.
Some ETFs offer relatively low-risk, broadly diversified portfolios,
which investors may find attractive as the core equity components of
their portfolios. Others offer diversified investments in particular
styles, sectors, industries, regions, countries, or commodities.
Other
great features of Exchange Traded Funds include:
- Flexibility. As
opposed to a typical mutual fund, which is priced only once each day,
ETFs can be traded throughout the day on the New York Stock Exchange
(NYSE) or the American (AMEX), similar in this way to a stock.
This provides investors with greater flexibility.
- Liquidity.
When ETFs were first introduced in 1993, there was only one, and volume
was under 100,000 shares a day. In today's market, tens of
millions of shares are traded each day on the major stock exchanges.
- Diversification.
ETFs permit you to purchase a basket of related stocks and bonds in
just one share, thus allowing you to diversify your portfolio easily
and reduce your risk.
- Low cost and
dependability. Quite simply, ETFs are index funds so they
usually cost less to run than standard mutual funds. Investing in
ETFs allows you to create your own well-diversified portfolio without
redemption fees and other common restrictions of mutual
funds. Plus, as index funds, you know what you are getting and
can choose which sector you want to invest in.
- Global
Opportunities. If you want to invest in a certain country
but don't want the risk of owning a single stock, then Exchange-Traded
Funds deserve a close look. They are not limited to American soil
or U.S. companies. In fact, there are many ETFs that track
foreign markets.
- Tax Efficiency.
ETFs are currently all index funds, which usually have lower turnover
than actively managed funds. This translates to lower capital
gains tax. In addition, since ETF investors trade shares on an
exchange and not with the fund, ETF managers don't have to sell
securities to pay off redeeming shareholders.
Click here to learn more about the
Summit Trust STAMP - ETF Program
STAMP
- Mutual Funds
Developed and tested by Nobel Prize winning economists, the Passive
Money Management platform we have chosen for our clients is inspired
and driven purely by academic
research. Our core belief is that Passive Money Management is one of
the most efficient, cost effective, straightforward and proven methods
of professional asset class management. Click
here to see a sample of
our returns.
This management style is based on a number winning
economic theories (i.e. efficient frontier, Modern Portfolio Theory).
Over $152 billion
dollars are managed this way for some of the largest
corporations and most influential individuals in the world.
STAMP mutual funds are designed to meet the needs and strategies of
professional investors and retail investors alike. Our resources are
devoted to improving these strategies wherever possible. Developing
customized portfolio solutions involves taking the risk preferences,
tax situations, and lifetime objectives of each client into account.
Our passive money management process alleviates the guesswork in
choosing asset class managers. The end result - clients receive an
academically proven portfolio engineered specifically to their
objectives and needs.
Click here
to learn more about Summit Trust STAMP - Mutual Funds
Trusts
Utilizing Separate Investment Advisor
Nevada trust law has recognized the ability to delegate the investment
responsibility in a trust arrangement. Most trustees in other states
require that they be involved in all investment decisions.
Summit Trust Company provides the facility for directed trust
arrangements where an individual or a family desires to work with a
trusted investment advisor but where a trust would be useful from a
planning perspective.
Unlike many jurisdictions Nevada law permits the freedom to invest in
higher risk assets if the trustee determines that including such
securities would help meet the trust's overall investment objectives.
The trustee may take into consideration the risk level of the entire
portfolio, the anticipated life of the trust, the tax ramifications of
an investment, the needs of the beneficiaries, and general economic
conditions.
Similar support is available to individuals and families who wish to
manage their own trust investments.
Summit Trust Company's Nevada location, fiduciary experience and
professional, capable staff are a resource that can be used by
individuals, families and their advisors to implement a successful
directed trust arrangement.
Each client and their professional advisor are assigned an experienced
account officer. This individual is the single point of contact for the
advisor and his client. This officer is supported and backed up by
another account manager who is familiar with each individual account.
All assets are held in custody by the Summit Trust Company, which is a
Nevada chartered institution. Statements are produced quarterly, and
transactions are reviewed and monitored by your account officer.
Records are maintained and client reports are generated on the Summit
Online system. This proven and tested technology is constantly upgraded
to keep pace with changes in the investment industry. This system is
utilized by many of the nations trust and asset management
organizations.
All income is credited on payable date and each trade is settled on a
contractual basis.
A wide range of sweep vehicles is available.
Summit Trust Company has a proven record of delivering the highest
quality custodial services.
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