Delivering

Direction and Control

Host Services for Trust Companies

In addition to providing industry leading trust administration and fiduciary services to the families we serve across the country and around the world, Bridgeford Trust Company provides host company services, which includes back-office, clerical, compliance, and trust administration services to start up public and private trust companies to assist with keeping them compliant and operating properly under South Dakota law.

Bridgeford Trust Company can offer a variety of optional services to meet host company needs as well as provide trust administration or custodial account trust administration services. Our team is comprised of highly qualified industry professionals (JDs, CPAs, CTFAs, CFAs, CFPs) who are known and vetted by the South Dakota Division of Banking, providing a myriad of administrative and compliance functions. In addition, we are intimately familiar with the nuances of the South Dakota Division of Banking requirements and know how to deliver quality, personalized service to ensure the success of the host companies we serve.

Whether you are looking for a full-service provider or limited services, we can tailor a package to meet specific needs of both private families and public entities. The package you select may include any of the following services (and more):

  • Charter application assistance and support services
  • Assistance with insurance and bonding requirements
  • Physical office space (including utilities)
  • Registered agent
  • Annual Board compliance dashboard and tracking
  • Agendas and minutes for Board and Trust Committee meetings
  • Maintenance of the Corporate books and records
  • General guidance and consulting
  • BSA/AML/CIP compliance support
  • Regulatory compliance support and performance of compliance functions
  • Reporting
    • Regulatory (Division of Banking required reports)
    • Financial (Company financial reporting)
  • General Assistance
    • Receptionist
    • Collection and forwarding of mail
    • Notary Services
  • Directors for the Company (South Dakota)
  • Trust Committee Members (South Dakota)
  • Trust Officers (South Dakota)
  • Other South Dakota Officers (BSA Officer, Compliance Officer, Secretary, Vice President, Treasurer, etc.)
  • Other Committee Members (Audit Committee, Distribution Committee, Investment Committee, etc.)
  • Banking assistance
    • Helping find a SD bank for Division of Banking pledge account and any other required SD company bank accounts
    • Facilitating bank transactions
  • Assistance with certain tax and other reporting requirements for accounts

For more information about the host services we provide and to talk with our team about designing a host company service package that works for your trust company, call (605) 224-9189 or contact us online.

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