Trust Services Tailored to Your Needs
Delegated Trust
Horicon Bank, as Trustee, may delegate powers to an agent while exercising reasonable care and skill in the selection of an agent. The trustee of a delegated trust is typically delegating investment management responsibilities to one or more investment managers, pursuant to the trust document and/or outside agreement with input from the trust beneficiary.
With a delegated trust, the delegating trustee has responsibility in the selection and periodic monitoring of the investment advisors. Delegated trusts are typically invested pursuant to an agreed upon Investment Policy Statement between the trustees and investment managers/advisors that establishes the scope and terms of the delegation.
Directed Trust
Horicon Bank will provide administrative services for a Directed Trust which allows individuals the option at appoint a trust advisor, commonly referred to as a Directing Party, who in turn can select an outside investment advisor(s) and/or manager(s) to manage the trust's investments. The investments may be any marketable securities or unique assets such as real estate or closely-held businesses. Multiple advisors may be chosen.
Directed trusts are often an ideal solution for families with complex asset structures, such as family-owned businesses, multiple LLCs, or extensive real estate holdings, where specialized investment and management expertise is desired.