Broker Check


Vintage Financial Partners offers corporate Trust Services in partnership with The Private Trust Company.

The Private Trust Company (PTC) is an independent trust company dedicated to the administration of trusts and other family wealth arrangements such as family offices, businesses and foundations.

Vintage Financial Partners and PTC serve you alongside your trusted professionals — attorneys, CPAs and accounting professionals — who rely on us to provide a high level of quality service and dedicated expertise across all aspects of trust administration. Our unique model enables you to continue working with the professional advisors you trust to place your interests first.


STANDARDS OF ACCEPTABILITY

PTC accepts a new appointment as trustee or agent only after careful evaluation of the accounts and assets within the trust. A trust with unacceptable and/or generally acceptable assets may have to be restructured prior to PTC’s acceptance of the appointment. In some cases, a trust may not be accepted by PTC, and should remain with the current trustee or utilize an individual or other trustee. In other cases, a trust may not be appropriate at all.

The tables below are designed to help you evaluate your accounts and assets and address any potential issues. Vintage Financial Partners and PTC do not provide legal advice. All legal issues should be referred to your attorney.

Acceptable Accounts

  • Personal trusts: revocable, irrevocable, agent/ custodian accounts, and Special Needs Trust
  • Charitable lead and remainder trusts
  • Stretch or trusteed IRA


Accounts under $1M in Assets:

  • Trust must have at least $500K in marketable securities and is limited to one investment platform
  • Illiquid assets limited to owner-occupied residential real estate above the $500K marketable securities minimum

Generally Acceptable Accounts

  • Private foundations subject to additional tax preparation fees2
  • Rabbi trusts
  • Trust settlements subject to additional fees2
  • Guardian/conservatorships

Unacceptable Accounts

  • Employee benefit plans or other ERISA qualified plans
  • Estate settlements
  • Offshore trusts
  • Private annuity trusts or deferred sales trusts

Acceptable Assets

  • Closed-end mutual funds or other publicly traded partnerships or real estate investment trusts (REITs)
  • Marketable securities
  • Mutual funds (except C shares)3
  • Alternative investments and other assets approved by LPL Research; must meet LPL acceptability and concentration restrictions4
  • Annuities: Acceptable by LPL (VAET required) but no CDSC, lump sum death benefits3&4
  • New life insurance policies; must be A or B graded by PTC
  • Securities minimum: Beneficiary occupied; under the control of an appointed responsible party; and under 50% of the account value5

Generally Acceptable Assets

  • Non-voting closely held corporate shares2
  • Collar option strategies (covered calls/writing puts)
  • Concentrations (with diversification sale plan in place)3
  • FLP and other LP Units2
  • Income-producing real estate: Must be under the control of an appointed responsible party; in an account over $3 million; adequately insured; and under 50% of account value2&3
  • LLC non-managing member interests2
  • Hedge and exchange funds: Subject to LPL limitations on all alternative investments4
  • Nonmarketable assets5
  • Nonmarketable promissory notes
  • Personal property: Generally acceptable if the property is to be sold or distributed immediately; the sale or distribution is completed by a non-PTC third party; and the property is under 25% of account value2&5
  • Private placements, private REITs: Must be preapproved by LPL4
  • Existing life insurance policies: Must be A or B graded by PTC6

Unacceptable Assets

  • Accounts with a line of credit, debt, or margin
  • Annuities deemed unacceptable by LPL
  • Any other asset deemed unacceptable by LPL
  • Derivatives other than covered calls or collar option strategies
  • Environmentally hazardous assets
  • Income-producing real estate that is not under the control of an appointed responsible party; of an account size under $3 million; inadequately insured; or over 50% of account value.
  • Insurance products other than life insurance or annuities
  • LLC managing member interests
  • General partner interests
  • Residential real estate, if over 50% of account value; not occupied by a beneficiary; or not under the control of a responsible party
  • Sole proprietorships
  • Voting closely held corporate shares
  • Liabilities or debt
  • Mutual fund C shares

1) Does not include fees for investment management services. This schedule may be superseded in whole or in part by any fee schedule bearing a subsequent date.

2) Account valued under $1 million may have stricter acceptance standards.

3) Concentration standards can be provided.

4) LPL advisors must conform to LPL Research approved product list. All other advisors must seek approval with PTC’s Trust Investment Committee.

5) Nonmarketable assets to be managed by non-PTC third party.

6) Per PTC standards and judgment.

Advisors may need to be registered in the State of Ohio.