The Estate Planning Team to Offer Franklin Templeton Bank & Trust Services to Financial Advisors.SAN MATEO, Calif. -- Franklin Templeton Bank & Trust today announced that its innovative trust service, the Advisor Directed Trust(TM) solution, will now be offered through a national network of financial advisors who work with the Estate Planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the Team to help high net worth individuals manage their assets. Unlike traditional institutional trust services where the management, administration and safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. of trust assets are consolidated under the control of a single institutional trustee, Advisor Directed Trust enables advisors to manage the investment of their clients' trust assets, while Franklin Templeton Bank & Trust separately handles the administration and safekeeping of those trusts. By allowing financial advisors to retain responsibility for investment decisions related to their trust clients' assets, Advisor Directed Trust will help Estate Planning Team advisors build loyalty and confidence among their clients. "The Estate Planning Team is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to help its financial advisors build their business and better meet the needs of their high net worth clients," said Robert Binkele, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Estate Planning Team. "Clients need to be assured that both the investment decisions as well as the administration of their trust assets are being handled properly. This new relationship with Franklin Templeton Bank & Trust offers our 2,200 financial service representatives and banks access to a respected trust company with a national reputation for servicing trusts on behalf of the grantors and beneficiaries." A key advantage of Advisor Direct Trust is that it allows Estate Planning Team advisors to continue to have full discretion to choose and manage investments that best meet the investment objectives of their clients' trusts, including stocks, bonds, mutual funds and other marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has . Franklin Templeton Bank & Trust operates in all 50 states and can service clients anywhere they relocate. "Personal trusts are rapidly gaining in popularity as effective wealth-management solutions," said Wendy Harrington, CEO of Franklin Templeton Bank & Trust. "As baby boomers build their long-term financial plans, which may include varied objectives such as transferring their wealth to the next generation or contributing to charitable causes, it's increasingly imperative that advisors have the ability to offer comprehensive services to their clients who have or will be moving their assets into trusts. We are extremely pleased to offer our Advisor Directed Trust to advisors working with the Estate Planning Team." Estate Planning Team is a nationwide association of licensed financial advisors, insurance agents, licensed attorneys, certified public accountants, webmasters, and advertising professionals formed to offer IRS-accepted strategies and proven marketing systems designed for professional organizations interested in helping clients with financial and estate planning. For more information, visit www.myept.com. Franklin Templeton Bank & Trust, a Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Franklin Resources, Inc. (NYSE NYSE See: New York Stock Exchange :BEN), a global investment management organization operating as Franklin Templeton Investments Franklin Resources Inc. NYSE: BEN is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It is listed on the NYSE under the ticker BEN as in Benjamin Franklin, whom founder Charlie Johnson admired. . Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The company, based in San Mateo, Calif. has more than 50 years of investment experience and over $492 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of May 31, 2006. For more information on Franklin Templeton Bank & Trust, visit www.ftbank.com. |
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