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The State of Vermont, in granting the charter to the Trust Company of Vermont, made the initial determination that TCV is a sound organization, adequately staffed and capitalized to perform trust services. Trust assets, whether held by the Trust Company of Vermont 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 Trust Company of Vermont holds all of its client assets, both trust assets and individually owned investment accounts, with Northern Trust. 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.

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. Trust Company of Vermont 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 approach supports the ability of family members with smaller accounts to benefit from our expertise.

Although Trust Company of Vermont 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.

Yes, and we always have been. The “fiduciary standard” requires putting a client’s interests ahead of one’s own. Some advisors need only meet a “suitability” standard in investments they recommend. The Department of Labor has emphasized the fiduciary standard in recent rule changes designed to help consumers avoid unnecessary or hidden fees in retirement account investments.

Whether you are moving funds from a bank trust department, broker, or financial planner, we simplify the process for you.  Part of this process is reviewing the portfolio (s) with you, taking into consideration any possible fees or tax implications, which may be associated with transferring the assets from the other institution.  Typically, once a transfer has been initiated, we receive the assets (stocks, bonds, and mutual funds, etc.) within a week, with the cooperation of the transferring institution.

This is our goal. We offer the skill of 13 proven investment managers averaging approximately 30 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.

We feel that we have achieved the benefits of intimate, personalized service found in small investment advisory firms while maintaining the benefits of oversight found in larger institutions.