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
National Advisors Trust Company
Trust Company
Top Executive: James A. Combs, Jr.
Mark Kennedy
“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”
