ExperienceYou Can Trust
Union Bank & Trust’s Trust Division has the experience you need to handle custody services. With a track record spanning over four decades, we currently oversee more than $11 billion in client assets, both domestic and international. Our unwavering commitment to excellence in custody services has made us a sought-after partner for both Institutional and Personal Trust clients. Discover the advantages of working with us by calling 612-436-1424.
Examples of Custody Services
Institutional Trust Services
- Taft-Hartley Plans
- Collective Investment Vehicles
- Public Pension Funds
- Corporate Investment Accounts & Trusts
- Investment Accounts
- 401k Plans
- Self-Directed IRAs
- Unique IRA Assets – Real Estate and other alternative assets
Personal Trust Services
- Estates
- Trust’s under Will
- Revocable Trusts
- Irrevocable Trusts
- Charitable Trusts
- Charitable Remainder Trusts
- Asset Protection Trusts
- Discretionary Trusts
- Spendthrift Trusts
- Special Needs Trusts
Call 612-436-1424 to learn more about our custody service offerings.
Why Choose Union Bank & Trust for Custody Services?
- Expertise in Taft-Hartley Plans: Our trust division was originally established to cater to Taft-Hartley employee benefit plans, and this remains our core focus even today. With almost 50 years of experience, we've honed our skills to provide top-notch services while keeping costs competitive.
- Cutting-Edge Technology: We understand the importance of staying ahead in the ever-evolving technological landscape. Our dedication to staying current ensures that you receive services at the forefront of industry standards.
- Experienced Team: Our team comprises seasoned professionals, each with an average of 15 years of trust experience. They are committed to delivering exceptional service in a friendly and competent manner.
- Union Values: We are proud to be a union shop, with all non-officer employees being members of the Office and Professional Employees International Union, Local 12.
Why Custody Services Matter
Effective management of an investment portfolio demands technical expertise in administration, reporting, and market tracking. More importantly, it demands time – time that you could otherwise invest in running your financial planning business. Union Bank & Trust offers a solution that safeguards and preserves your assets. We’re here to work with your agents, providing accountability, stability, and peace of mind. Our custody services not only save you time and money but also empower you to maximize your investments.
Our Comprehensive Custody Services
- Safekeeping of Assets: We provide secure storage for your assets.
- Efficient Trade Settlement: Timely and efficient trade settlement services.
- Income Collection: Streamlined income collection processes.
- Cash Management: Daily sweeps of cash into your chosen money market fund.
- Accurate Reporting: Transaction and asset statements, with or without accruals, on a trade or settlement date basis.
- Electronic Transfers: Swift electronic transfer of stocks and bonds.
- Corporate Action Processing: Expert handling of corporate actions.
- Tax Services: Tax preparation documents, Foreign Tax reclamation and relief at source services.
- Proxy Voting: Active involvement in proxy voting decisions.
- Class Actions: Participation in class action opportunities.
- Asset Valuation: Providing accurate pricing information for precise asset valuation.
- Accounting and Valuations: In-depth accounting and asset valuations.
- Regulatory Compliance: Expertise in regulatory and specialist reporting.
- Information Accessibility: Web-based information delivery for your convenience.
- Flexible Disbursements: Choose from check, wire, or ACH for disbursements.
- Detailed Records: Access detailed transaction history and asset reconciliation.
When you partner with us for your custody needs, you're choosing a trusted ally with a rich history of delivering exceptional custody services. Let us safeguard your assets, so you can focus on growing your investments and financial planning business.