Bridgeford Trust Company Celebrates Five Year Milestone

Posted On On: July 27, 2017 Categories Filed Under: Member News

Bridgeford Trust Company – an affiliate of McKonly & Asbury that provides industry leading trust administrative services to families across the nation and around the world – is celebrating a very successful five year anniversary! Five years after having received its trust charter from the South Dakota Division of Banking, Bridgeford Trust celebrates tremendous success and growth. Bridgeford Trust’s great success is fueled by access to the nation’s most powerful and progressive trust laws and an extremely responsive and nimble “new wealth management paradigm” built upon a culture of flexibility, creativity, and collaboration.

Over the past five years, South Dakota has consistently been ranked as the top U.S. Dynasty Trust state, and its decanting statute has been ranked as the most progressive in the nation by Nevada Attorney Steve Oshins. In addition, South Dakota has the strongest privacy provisions and one of the most powerful domestic asset protection statutes in the nation, as recently observed by Trust & Estates Magazine. Consistently recognized as an innovator in the trust industry, South Dakota is also one of only three states with a Community Property Trust statute, a very powerful tax planning tool, and the only state in the nation with the Family Advisor role, referred to as a “trust protector light.” Click here to view a chart comparing the leading U.S. trust jurisdictions, with a particular emphasis on these areas that clearly distinguish South Dakota as the superior U.S. trust jurisdiction.

David A. Warren, Co-Founder, President, and CEO of Bridgeford Trust Company, observes that “Bridgeford Trust’s great success is attributed to embracing ‘modern trust laws’ that deliver far more control and flexibility to settlors of trusts, beneficiaries, and advisors than ever before through the use of decanting, directed trusts, trust protectors, and families advisors.” David continues by saying “These and other powerful modern trust laws, coupled with Bridgeford Trust’s extremely entrepreneurial ‘can do’ spirit and responsive service model, has propelled our growth both domestically and internationally, rendering Bridgeford Trust the solution for some of best advisors and wealthiest families in the world.”

Terry L. Harris, Co-Founder and Chairman of the Board, echoes Warren’s observations stating “Bridgeford Trust’s impressive growth trajectory over the past five years, and projected growth, provides clear evidence that settlors of trusts, beneficiaries, and their advisors are in need of more progressive and flexible trust solutions tailored specifically around delivering sophisticated tax planning, control, privacy, and asset protection.”

Kurt M. Trimarchi, Co-Founder, Executive V.P., and Board Member, states “As the U.S. has recently been recognized as both a tax and privacy haven, Bridgeford Trust has also emerged as a powerful option for wealthy international families in search of U.S. trust solutions.” Trimarchi also adds “What began over five years ago as a ‘white board’ concept to address dissatisfaction in the wealth management industry has become one of the fastest growing financial services firms in the nation delivering trust solutions to families across the country and around the world.”

To view this press release online, visit: http://bridgefordtrust.com/articles/bridgeford-trust-company-celebrates-five-year-milestone/

About Bridgeford Trust Company

Bridgeford Trust Company (www.bridgefordtrust.com) is an independent trust company providing industry leading trust administrative services to families across the nation and around the world. Bridgeford Trust offers an independent, collaborative, and world-class approach to wealth management with a strong focus on wealth education and preparing the next generation for the responsibilities of wealth and business ownership. The boutique nature of our firm allows for greater focus on concierge and convenience services built around your specific family’s needs and situations.

Bridgeford Trust delivers tremendous control and flexibility to settlors and beneficiaries of trusts, as well as their advisors, through South Dakota’s cutting edge modern trust laws, including directed trusts, domestic asset protection trusts, privacy, taxation, and decanting.

About McKonly & Asbury

McKonly & Asbury (www.macpas.com) is a leading regional accounting and business advisory services firm that offers quality professional services to central Pennsylvania’s public and private organizations, small to large multi-state facilities. The firm provides advisory, assurance, entrepreneurial, professional placement, and tax services to many of the region’s largest and most well-known companies and organizations. The firm’s industry-specific solutions meet the intricate needs of clients, providing services to the following industries: Affordable Housing, Construction, Family Businesses, Healthcare, Insurance, Manufacturing and Distribution, and Nonprofit Organizations.

The firm has offices in Camp Hill and Lancaster, PA. For twelve years, McKonly & Asbury has been named a Best Place to Work in PA by The Best Companies Group. McKonly & Asbury has added to these accolades by being named a Best Accounting Firm to Work For in the nation by Accounting Today for five years. McKonly & Asbury is an independent member of PrimeGlobal.

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