The Trust Advisor Blog: “With bank failures running at their highest level in nearly two decades, those holding fiduciary accounts may cause problems for advisors who recommend them should the bank fail. Experts recommend wealth managers conduct due diligence before sending a client to a bank’s trust dept. . . . But until recently, relatively few people worried what would happen if fiduciaries started failing along with banks.”
When a Bank Fails, Are Trust Assets at Risk?
By On the Net|2016-12-13T20:33:57-08:00March 16th, 2010|
About the Author: On the Net
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