We take care of financial matters so you don't have to. As our client, you can delegate as much or as little responsibility as you need or want, so you can continue to create wealth, enjoy retirement, or concentrate on other priorities.
Custody - Plumb Trust Company provides custody services meaning we provide the legal safe-keeping and record-keeping for your assets. We track inflows and outflows as well as changes in your assets; we also provide comprehensive year-end tax information. Trading and record-keeping become more efficient when they occur under the same roof as the management of the investments.
Fiduciary Services - Our trust company serves as a trustee or personal representative if we are named in estate planning or trust documents. We will also serve as trustee for IRAs. As a state-chartered trust company, we are trained to comply with fiduciary management laws to protect and safe-keep the assets with which we are entrusted. Our trust officers have experience handling a wide variety of trust administration issues. We recognize our duty to carry out the terms of trust documents as written; to that end, it makes sense that we do our best to know and understand the needs and goals of the individuals involved.
Investment Management - Plumb Trust Company provides investment management through Wisconsin Capital Management and Thompson Investment Management. We work closely with the portfolio managers of both firms to provide seamless client service, including effective cash planning.
Administration - The following services are included as needed in conjunction with the services listed above. That is, these services are available to clients for whom we are providing custody and investment management.
Bill Payment - Some of our clients are unable to pay their own bills. Others choose to have us pay some or all of their bills for them because they do not have the time, interest, or inclination. When we take on this responsibility, you can relax knowing that your bills will be paid correctly and on time.
Estimated Tax Payments - Perhaps even more important than bill payment are your estimated tax payments. Our trust company often assumes this responsibility; many of our clients sleep better knowing these payments will be handled properly and sent on time.
Medical Claims Processing - As medical
and insurance issues become more complicated, some clients
choose to have Plumb Trust Company handle the claims processing for them. Our experience enables us to assume this responsibility for those clients and to process claims efficiently. For more extensive situations, this service is subcontracted out to firms specializing in medical claims processing with a separate charge to the client.
Consulting Services - Perhaps you are thinking about retiring, or you are trying to decide whether this is good year for you to consider more gifting. Perhaps it has been a number of years since you have had your estate plan reviewed. Our Trust Officers are highly educated and can assist by answering your questions and consulting with you on a wide variety of topics related to your financial situation. While we cannot draft documents for you, we can assist with a periodic review or brainstorming session and can point you toward experienced professionals if you do not already have appropriate advisors.
Pricing - Our fees are calculated as a percentage of assets under management. They are calculated in arrears generally on a monthly basis. Multiple accounts are aggregated for the purposes of fee calculations.
