Custodial and Directed Trustee Services
Colorado National Bank offers Custodial and Directed Trustee services to individuals, businesses, trusts, qualified business retirement plans, and others. As Custodian and/or Directed Trustee, Colorado National Bank conducts the following administrative duties for the account/trust:
- Safekeeping of assets
- Making distributions to beneficiaries according to terms of the trust
- Issuance of regular account statements
- Record keeping
- Issuance of Annual Certified Trust Statement Letter
Colorado National Bank offers the same investment flexibility and reporting services as provided to our self-directed retirement plan clients. Colorado National Bank processes trades at the direction of the client or his/her designated representative, holds title to the assets as custodian, receives and processes periodic reports and earnings, and subsequently summarizes these activities on quarterly account statements. At year-end, all tax reporting data is accumulated and this information is forwarded to clients for income tax return preparation purposes.
Our Role as Custodian and Directed Trustee
Colorado National Bank’s role is limited as Custodian and Directed Trustee. We do not provide investment, tax, or legal advice. In addition, we do not sponsor or endorse any investment; therefore, you are solely responsible for the success or failure of your investment decisions. Colorado National Bank encourages all account holders to seek professional advice when investing their funds.
If you have any questions concerning Colorado National Bank's Custodial and Directed Trustee services, please Contact Us.
Investment Products, other than Colorado National Bank’s certificates of deposit, savings, and money market accounts 1) are not deposits, 2) are not insured by the FDIC, 3) are not guaranteed by Colorado National Bank, and 4) may involve investment risk, including the potential loss of principal.