Directed Trust & Administrative Trustee Services
Professional trust administration without taking over the investment strategy. Exeter Trust Company can serve as directed or administrative trustee, handling the day-to-day requirements of the trust while designated advisors and committees retain their defined decision-making roles.
Speak With a SpecialistSeparate trust administration from investment and distribution decisions.
A Specialized Trustee Role With Clearly Defined Responsibilities
A directed or administrative trustee handles the operational requirements of a trust while investment and distribution authority can remain with designated advisors or committees. The structure can help separate administrative responsibilities from other fiduciary and decision-making functions.
Asset Custody
Safekeeping and administration of trust assets, including qualifying alternative investments.
Recordkeeping
Maintain trust accounting records and support ongoing administrative requirements.
Distributions
Process trust distributions in accordance with properly authorized direction.
Regulated Trustee
Trust administration through Exeter Trust Company, a licensed and regulated trust company.
What Is a Directed or Administrative Trustee?
A directed or administrative trustee is responsible for specified administrative functions of a trust rather than independently controlling every aspect of trust management. Exeter Trust Company can handle the trust's day-to-day administration while other designated parties make investment or distribution decisions.
Under this structure, investment decisions may be made through an investment advisor or investment committee, while distribution decisions may be directed by a distribution committee. Exeter carries out the administrative responsibilities assigned to it under the governing trust documents and applicable direction.
Professional administration without displacing the trust's designated decision makers.
Exeter provides the custody, accounting, recordkeeping, distribution processing and document administration needed to support the trust's ongoing operation.
Day-to-Day Trust Administration
Exeter's role can encompass the operational functions required to keep a directed trust properly administered and documented.
Custody of Assets
Hold and safeguard trust assets, including qualifying alternative investments and non-traditional assets.
Accounting
Maintain administrative accounting records associated with trust assets and activity.
Recordkeeping
Maintain trust records and supporting information required for ongoing administration.
Distribution Processing
Process properly directed distributions in accordance with the governing trust structure.
Tax Filing Coordination
Coordinate trust tax filing requirements with the trust's designated tax advisor.
Document Management
Maintain and administer trust documents and records associated with the trustee relationship.
Different Roles, Clearly Defined
The directed trust structure allows specialized parties to focus on the responsibilities assigned to them rather than concentrating every decision with a single trustee.
Exeter Trust Company
Serves as directed or administrative trustee and handles assigned custody, accounting, recordkeeping, distributions, tax coordination and document management responsibilities.
Investment Advisor or Committee
Makes investment decisions for the trust as authorized by the governing documents and applicable trust structure.
Distribution Committee
Directs distribution decisions where that authority has been assigned to the committee under the trust structure.
Designed for Trusts That Need Specialized Administration
Directed trustee services can be useful when a trust needs professional administration but investment or distribution authority is intentionally assigned elsewhere.
Alternative Asset Trusts
Trusts holding qualifying real estate, private investments or other non-traditional assets that may require specialized custody and administration.
Advisor-Directed Trusts
Trust structures where a designated investment advisor or committee is responsible for investment decisions.
Complex Administrative Needs
Trusts requiring professional accounting, recordkeeping, distribution processing, tax coordination and document management.
Regulated Trust Administration With Alternative Asset Experience
Exeter combines the capabilities of a regulated trust company with experience administering specialized and non-traditional assets.
Administrative Focus
A defined trustee role focused on custody, administration and execution of properly authorized directions.
Alternative Asset Experience
Experience administering qualifying assets that may not fit conventional trust platforms.
Professional Coordination
Work alongside investment advisors, committees, tax advisors and other trust professionals.
Licensed & Regulated
Exeter Trust Company is licensed, regulated and audited by the Wyoming Division of Banking.
Exeter Handles Administration. Your Designated Professionals Direct Their Areas.
The directed trust model is built around defined responsibilities. Exeter performs the administrative trustee functions assigned under the trust documents while the designated investment and distribution decision makers retain authority over their respective areas.
This can allow families, institutions, advisors and other trust parties to retain established investment relationships or specialized decision-making arrangements while adding professional trust administration.
A trustee focused on administration:
Talk With an Exeter Trust Company Specialist.
Tell us about the trust, its assets and how investment and distribution authority will be structured. Our team can help determine whether Exeter's directed or administrative trustee services are appropriate for your needs.