How much does it cost to set up a private trust company?
Setting up a corporate trust account or appointing a commercial bank trust department as a fiduciary involves tiered administrative and legal establishment fees. Institutional banks and wealth management firms typically charge an initial trust account setup fee ranging from 250 to 1,500 US dollars depending on asset complexity. More importantly, corporate trustees charge ongoing annual management fees calculated as an annual percentage of total assets under management (AUM), which typically scale between 0.50 and 1.50 percent of the trust corpus per year for ongoing administrative oversight.
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