Directed Trustee Fees
Directed Trustee Fee Schedule
Generally, in a directed trust administration, Guaranty Bank & Trust, N.A. ("Guaranty") will be a "Directed Trustee." This means that with regards to matters related to the investment, reinvestment, and/or management of specified trust property, Guaranty will have no authority, discretion, or duty to monitor it. Rather, the trust property will be subject to the direction and authority of a third party advisor, such as an investment manager, financial advisor, or otherwise (an "Investment Trust Advisor'').
The term "Directed Trust Property" shall mean any trust property over which an Investment Trust advisor has authority to direct and instruct Guaranty regarding matters related to the investment, reinvestment, and/or management of such trust property.
The following schedule of fees applies to accounts for which Guaranty Bank & Trust, N.A. is serving as trustee, co-trustee or Agent, and has delegated the investment management responsibilities to another in accordance with the trust document or Client's written request. In addition to managing the trust, Guaranty's services may include account administration, safekeeping and custody of securities, and the collection and distribution of income and principal.
Annual Fee on the market value of assets:
- First $1,000,000 (.65%) of market value
- Next $1,000,000 (.57%) of market value
- Next $3,000,000 (.50%) of market value
- In excess of $5,000,000 will be negotiable
Fees are pro-rated and charged on a monthly basis on the total market value of assets at each month-end. Accounts are subject to a $4,000 minimum annual fee.
When unusual or extraordinary services are requested or required, reasonable additional charges will be assessed based on the duties and responsibilities involved and the total time spent. If the account holds any interests in a closely held business, real estate, gas, oil, mineral, or receivables, additional fees will apply.
There are no closing fees provided that the annual minimum trustee administration fee has been collected during the calendar year in which the account is closed.
In addition to the foregoing fees, brokerage commissions or other costs for trading activity may be charged to the account.
This fee schedule may be adjusted from time to time.
Investment Management Services
Asset management services are provided by Guaranty for marketable securities, mutual funds, and ETFs. Annual investment management fees are in addition to Trustee/Agent Administration fees. Fees are charged proportionately on a monthly basis in arrears and are automatically deducted from your account. Annual fees are as follows:
- First: $ 2,000,000 1.00%
- Next: $ 2,000,000 0.85%
- Next: $ 3,000,000 0.65%
- Next: $ 3,000,000 0.50%
- Over $10,000,000 Additional Tiered Rates Available -
- Minimum Annual Fee: $5,000
Additional fees for the following items are according to the published schedule at the time and are in addition to the Trustee, and Investment Management or Custodial Services fees.
Income Collection: from real estate, minerals, notes, and mortgages and other illiquid assets.
Extraordinary Services: special administration services performed at professional time rates plus out-of-pocket expenses.
Termination: annual minimum custodial or fiduciary fee plus reimbursement of expense charges already incurred or to be incurred for all accounts to the time of and including actual transfer in the event these have not been already applied or taken.
Special Asset Acceptance Review: non-publicly traded assets held in trust are subject to an account acceptance review fee of $1,500.
Prof TTEE & IMA Sched appd 122816
Investment products are not FDIC insured, are not bank guaranteed, and may lose value.