Trust companies offer a variety of services, but the most common is wealth management in the mode of becoming a fiduciary or agent. Trust companies offer asset-management services such as bill pay, cheque writing and other features. Trust companies also offer brokerage services with a wide array of investments available to their clients. Depending on the level of service needed, some companies can build financial plans for their clients for additional fees. Trust companies also offer a variety of estate-oriented services, such as guardianship, estate settlement and non-financial asset management.
There are 3 parties to a Trust.