Freedom From Conflicts of Interest

HOW COULD A TRUSTEE CLAIM TO BE FREE FROM CONFLICTS OF INTEREST, IF THE TRUSTEE HAS PRODUCTS IT WANTS TO SELL TO YOUR TRUST?

When the trust company you choose has its own investment products to sell you, how could it be free from conflicts of interest when choosing the best investments for your trust?  Could a bank that has its own proprietary mutual funds choose without bias what the best mutual funds are for your trust?

There are many mutual funds labeled "Balanced" or "Stock Growth" on the market today.  With, for example, 20 or 30 mutual fund companies to choose from to find a "Balanced" fund, why would your trustee choose only the funds that are sold and managed by its parent company?  It is really the best out of the 20 or 30 possibilities?

At Providence First we have no products to sell, take no commissions, loads or incentives on any investments purchased, and have no established ties with any seller of investment products.  That means you may be assured that when Providence First acts as trustee and is to choose investments after you have passed away, those investments will be chosen free from conflicts of interest or outside incentives, other than what is best for the trust.

Remember to think about the different conflicting interests when choosing a trustee for your estate.  And remember that Providence First is one of oldest completely independent trust companies in Arizona today, free from conflicts of interest in the decisions that matter most to your estate.

© 1999-2004 Providence First Trust Company. All rights reserved.   4900 N. 44th Street, P.O. Box 15890, Phoenix, Arizona 85060
Privacy Policy