Types of Accounts

 

Types of Accounts

INDIVIDUAL

T Bank works with clients all over the United States in providing personal wealth and investment services. As a centralized custodian or trustee, T Bank serves as a corporate fiduciary and will work with your investment manager, lawyer, and accountant.

Investment management is provided by outside managers screened and selected by T Bank. Our staff will work with your own manager, or if you prefer, you may select an investment management program to meet your investment demands with managers we utilize.

QUALIFIED PLANS

T Bank serves as custodian for more than 600 individual retirement plans processing over 40,000 contributions per year. We will work directly with your record keeper and payroll processor to facilitate a smooth operation of the plan.

Retirement plan services include processing of plan contributions, plan distributions, tax withholding, and 1099R reporting to the participant and IRS.

In addition to supporting qualified plans, T Bank has appropriate investment management solutions from active management, mutual funds, collective investment funds, and index allocations. T Bank has investment models developed for qualified plans. If you have your own investment manager, we can work directly with them to provide custody and reporting services. Investment performance can be included in the plan account statement.

T Bank manages collective investment funds for use of qualified plans. The funds are advised by Tectonic Advisors, LLC. The managers of the funds include the following: Greenfield Seitz, Yacktman Asset Management, The London Company, River Road Asset Management, Pacific Investment Management Company, Guggenheim Investment Management, Frontier Investment Management, International Value Advisors, FPA Crescent, Aston Double Line, and 12th Street Asset Management.

The asset types our managers cover include: large cap growth, large cap value, small/mid cap, international, fixed income, high yield, flexible allocations, and alternative asset. Models are available to your plan to take advantage of an appropriate allocation to the different asset types. Click here to see more information: Fund Fact Sheets

CORPORATIONS

Corporations for professionals, associations for professionals, and foundations can accumulate assets that can benefit from investment management services. T Bank’s Wealth and Investment Services can fulfill those needs.

Working with one of our officers or your own investment manager, an investment plan will be implemented using an allocation solution that meets your organization’s investment needs.

Investment allocation models can take advantage of our outside managers’ skill sets utilizing a variety of asset classes to find a plan that works for your situation.

IRAs

Rollovers from qualified plans are needed for all age groups as the transition from one retirement plan to another. T Bank has managed IRA accounts which utilize outside managers who provide investment services to IRA account clients. Clients can work with one of our officers selecting a manager and investment plan or can utilize T Bank as a custodian and work with their own investment advisor.

T Bank will provide to you online access for you and others you authorize for access, produce account statements, process all distributions and contributions, as well as provide all tax reporting information for the account.

As with all of our investment services, client account assets are held in custody at major institutional custodians which include US Bank and Fidelity Investments. Cash pending investment may be held in T Bank from time to time. Those funds are fully insured by the FDIC.

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