SOUNDNESS
Trust Accounting:
To custody, account for, and back up all asset holdings and transaction
activities, East Broad primarily utilizes the accounting platforms
of either Northern Trust Company or Charles Schwab and Company Institutional.
Investments:
Strategies to achieve investment goals are usually executed in partnership
with independent providers of high quality investment services. This
enables us to select from the best of the best money managers available.
We are further able to remain flexible and intensely focused on adding
value as a corporate fiduciary.
Safety:
East Broad Trust Company is licensed and regulated by the Secretary
of State and Commissioner of Banking for the State of South Carolina.
Examples of areas they are most attentive to include:
- Is the company fundamentally sound?
- Are there weaknesses present, and if so, to what degree and are
they within the management's capabilities and willingness to correct?
- Are fiduciary activities conducted in compliance with laws and regulations?
- Are overall risk management practices satisfatory?
- Are there any material supervisory concerns?
In addition to the state exam, we are audited annually by an independent CPA frim and insured by The Cincinnati Insurance Company.
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