RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Once-sleepy National Advisors Trust has a sparkling year for net new assets

The RIA-owned firm is getting a boost from the SEC's Madoff-inspired custody rule, a new CEO and its own critical mass

Author Brooke Southall March 11, 2011 at 3:29 PM
1 Comment
no description available
Ron Ferguson: The SEC said, You need a third party to act as custodian to provide statement accounting.

Ron Ferguson

|

Robert Keats


Mark Kennedy

Mark Kennedy

March 12, 2011 — 1:53 PM

“People traditionally get hosed by Trust Companies”........WOW!

Suggest your readers scan the litany of disciplinary action cases detailed on the FINRA website to see who is really “hosing” investors in America…please note the lack of Trust Companies sanctioned there or at any other regulatory agency website…happy to articulate the reasons why this is so, but suffice to say that it largely stems from a higher calling expressed many years ago (1928) by Justice Benjamin Cordozo in Meinhard v. Salmon:

“A trustee is held to something stricter than the morals of the market place. Not honesty alone, but the punctilio of an honor the most sensitive, is then the standard of behavior…the level of conduct for fiduciaries has been kept at a level higher than that trodden by the crowd”


Mentioned in this article:

National Advisors Trust Company
Trust Company
Top Executive: James A. Combs, Jr.



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.