SIRIAS® Excellence in Trust Administration

Summit Independent Registered Investment Advisor Service

Summit Trust Company offers Comprehensive Solutions for Independent Registered Investment Advisors and for Independent Insurance Professionals who refer investment clients to Summit.

Many Independent Registered Investment Advisors control the primary relationship with their investing clients, but depend upon other investment firms to manage the money. Many others serve as asset gatherers, and choose mutual funds, money management firms, hedge funds, or some other specialists to manage the money. Summit Trust Company provides a comprehensive solution to the Independent Registered Investment Advisor.

Most advisors want to present a professional appearance to their clients, especially when it comes to providing investment account statements and billing for services. In most cases they do not need the complicated services provided by the major custody and clearing organizations that provide multi-lingual reporting, international trading and clearing on over 60 stock exchanges internationally, non-U.S. Dollar Processing, Compliance with International Regulations, global fixed income trading, and many other very sophisticated services that only the very large money managers require.

Our clientele of Independent Registered Investment Advisors want a quality of service that is tailored to your unique needs. The following TOPICS cover things that we know you need:

Trading Services

• You want execution that meets with the highest standards.
• You want access so that you can enter your own trades. 

Operational Support

• You need very good Clearing and Settlement, whether you are trading stocks, buying and selling mutual funds, money markets, fixed or variable annuities, or ETF’s.
• You want a Custody Service that handles all of the different kind of assets your client may own, including stocks, bonds, mutual funds, real estate, private equity, annuities and cash value life insurance.
• You want a Billing Service that works and simplifies your record-keeping.
• You want your own customized fee schedules for a variety of situations.
• You want dividend and interest income posted on payable date and swept.
• You want streamlined account opening saving you and your client time.
• You want your own company name on Client Statements and other reports.

Practice Management

• You need access to experts who can coach you on increasing your “value proposition”.
• You want a full range of retirement planning solutions and wealth management solutions.
• You want a complete range of trust services, including trusts for minimizing estate taxes, protecting assets from litigation, passing assets and businesses to heirs, fulfilling family philanthropy objectives, and caring for special needs children and spendthrift children.
• If you have clients that require full estate planning, we provide access to the very best estate planning support that you can ever find.
• If you have business owner clients who need to enhance their business performance, or to create a plan to exit their business in style, we provide resources to support you with that project.
• You want training, consulting and marketing planning support. 

Innovative Solutions

• You want access to the administration of superior platforms, such as DFA, SEI, ETF’s, Unique Separately Managed Accounts, Hedge Funds, Fixed Income products, Private Equity sources and other special opportunities, including fixed index annuities and equity index universal life.
• You want the ability to download data to Advent Axys®.
• You want the ability to have private label Common Trust Funds, Collective Investment Funds.

Compliance Services

• You want guidance on how to manage your compliance program
• You want the ability to vote proxies through Proxy Trust.
• You want customized reports for regulators and/or auditors. 

Service

• You want online access to account information, including current and historical statements, performance and billing, both for yourself and your client.
• You want a streamlined account opening procedure that saves you time and expense.
• You would like access to cash management and lending solutions for your clients.

All of us at Summit Trust Company are serious about SIRIAS®. We are pledged to give you the support that you deserve. Regardless of the challenges that you are facing, we want to be the first place you call. We have over 40 years of experience in every aspect of financial services, including operation broker/dealers, running RIA’s, Insurance Agencies, business coaching, banking services, trust services, retirement plans, business planning and marketing all types of financial and non-financial products and services

Click here for a form to request information on how to become a member of SIRIAS service at Summit Trust Company.

Summary

Summit Independent Registered Investment Advisor Services (SIRIAS) provides trust administration and custodial services to Independent Registered Investment Advisors and to professional insurance agents. Many of their clients consider that the fixed index annuities and equity index life policies should be considered as being among their important assets. Summit now permits the advisor or insurance professional to have these insurance products displayed on their clients’ statements, along with other investments.

Independent RIA’s use SIRIAS® as custodian for the various investments that they are managing for their clients. For some, it makes sense to use some of the fixed income portion of their portfolios to acquire fixed index annuities or equity index life insurance. This serves a similar purpose as fixed income investments, especially if the advisor follows modern portfolio theory. Often the insurance products pay a higher return, which can be tax-deferred. Summit believes that including the cash values of the annuities and policies on the statements helps the advisor and/or insurance professional to illustrate the benefit of owning such products to their clients.

Summit permits advisors to select and manage their clients’ investments, including Dimensional Fund Advisors (DFA), SEI Portfolios, various ETF portfolios, Alternative Investments, Hedge Funds, and specially designed Collective Investment Funds for Qualified Plans and Common Trust Funds for various trust accounts.

Summit specializes in working with advisors and agents in the use of charitable remainder trusts, whereby the advisor manages the portfolios and the agents can employ both annuities and life insurance policies. Summit offers training in the design and marketing of charitable remainder trusts, and can point to significant revenue being generated for the advisor and/or agent when they full understand the potential use of charitable vehicles.

Contact George Brown at (800) 822-6711 for more information on the SIRIAS® program for Independent Investment Advisors and Insurance Agents, or complete the form below to request information on how to become a member of SIRIAS.