Why Fiduciaries Choose Us
At Towerpoint Wealth, our Fiduciary Group brings together 27 years of collective experience in guiding Professional Private Fiduciaries, Third-party Trustees, Conservators, Administrators, and family members through the intricate aspects of Trust Administration, Special Needs Planning, Conservatorships, and Estate Administrations. We are dedicated to helping you meet your fiduciary responsibilities with precision, adhering to the stringent guidelines of the Uniform Prudent Investor Act and California State Probate Code.
And most important, as an independent Registered Investment Advisory firm, we’re bound by the same fiduciary standard as the fiduciaries we work with. Our dedication is to you.
Given our years of experience, we understand and appreciate your responsibilities and unique personal liability as a trustee, conservator or administrator for your specialty clients or loved one. Over the years, we have developed an extensive understanding of and experience with the relevant laws and regulations governing professional fiduciaries to help you stay compliant.
Understanding your often large and varied workload, we take ownership and responsibility over all coordination to ensure you are effectively meeting your clients’ needs. From start to finish Towerpoint Wealth’s Fiduciary group will guide you through a well-developed process to best understand, serve and educate you and your clients in a comprehensive, coordinated fashion.
Our business is built around the hallmark of ensuring that you, as a Fiduciary, have the support, coordination, and expertise you need to meet your clients’ and their loved one’s needs. Our fully coordinated Fiduciary services provide direct support to you in helping you manage your clients’ Financial management needs, affording you peace of mind and allowing you to focus on other areas of your Fiduciary business. If you’re curious to learn more, check out our FAQs below.
FREQUENTLY ASKED QUESTIONS
- We thoroughly review all trust and legal documents to ensure investment compliance.
- We have an extensive understanding of and experience with the following and how they impact you and your business:
- Uniform Prudent Investor Act
- California Probate Code
- Court Supervised Matters
- Special Needs Trust Administration
- Internal Revenue Code and Regulations
- Step 1: Initial discussion of your client’s needs and outline of your role
- Step 2: Provision of any necessary financial education to you or your clients
- Step 3: Specific onboarding process and quarterly client portfolio reviews
- Step 4: Regular portfolio rebalancing, re-allocations and tax optimization
- Step 5: Ongoing advice, management and counsel
- Step 6: Regular coordination with you and your clients’ dedicated professionals including estate planning attorneys, CPAs and others.
California Licensed Fiduciaries and Trustees should engage in continuous professional development and stay abreast of industry trends, regulatory changes, and best practices through ongoing education, training programs, industry conferences, and collaboration with other financial professionals. Additionally, leveraging research publications, market insights, and professional networks can help fiduciaries stay informed and make informed investment decisions on behalf of their clients.
California Licensed Fiduciaries and Trustees should consider various factors, including the client’s financial goals, risk tolerance, time horizon, and liquidity needs. Additionally, fiduciaries must assess market conditions, economic trends, and regulatory requirements when crafting investment strategies. Diversification, asset allocation, and ongoing monitoring are also crucial components to consider.
- Full ownership and coordination of onboarding, collecting required information, communication, scheduling quarterly reviews and more
- Help you create a comprehensive financial strategy and prudentially manage all aspects of your clients’ wealth
- Assist with account retitling, account opening and asset marshaling
- Provide any of the following as needed
- Balance sheets
- Income & expense analysis
- Spend down analysis
- Tax analysis
- Provide any needed connections with other professionals experienced in working with professional fiduciaries such as estate planning attorneys and CPAs
- Ensure you’re acting in the best interests of your client or loved one as a part of the duties of a trustee in California.
Have a question? Email us to get in touch with our Towerpoint Wealth Fiduciary Group.
Jonathan W. LaTurner, Partner, Wealth Advisor
Megan M. Miller, EA, Associate Wealth Advisor
Michelle Venezia, Client Service Specialist
We understand the unique needs, responsibilities, and risks that private fiduciaries and trustees have.
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