Few trust documents provide any guidance about trustee compensation other than to say it shall be “a reasonable amount”. Predictably, few trustees, beneficiaries or professional advisors agree on what a “reasonable amount” is. Attached is a short video that presents the factors that should be considered when a trustee establishes the level of compensation that they will pay themselves. Among the services that Anodos provides are (1) trustee compensation studies, (2) investment performance evaluations, and (3) expert testimony on these and other fiduciary governance matters in court proceedings.
Let’s Have a Call: I’m happy to have a no-obligation consultation by phone if you or your clients would benefit from a further discussion about trustee compensation. Among the services we provide are (1) trustee compensation studies, (2) investment performance evaluations, and (3) expert testimony in court proceedings.
Onward,
Josh Yager, Esq., CFP®, ChFC®
805-899-1245
jyager@anodosadvisors.com
Anodos helps trustees (ERISA, individual, and endowment) save time, reduce their personal risk, and fulfill their fiduciary duties. We do this by helping the trustee conduct audits of the money managers to whom investment duties have been delegated. Fiduciaries have an affirmative duty to provide ongoing and independent oversight of the money managers. What makes us unique is that we do not manage money or sell insurance. Doing fiduciary audits, benchmarking studies, and performance attribution is all we do.
We help trustees save time, reduce risk, and fulfill their fiduciary duties. What makes us unique is that trustee governance support is all we do.