Independent Local Trust Services in Rockville, Bethesda and Annapolis

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.

PTC Brochure for Clients

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 benefits^3&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 value^2&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 value^2&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.