Trust Updates Archive
(Sept. 21, 2012 --Chicago, IL) -- Gross revenues in the first half of 2012 tell the tale of two industries, according to Trust Performance Report's quarterly update, a sister publication of Trust Regulatory News..
While trust institutions with more than $10 billion in total assets reported on average flat revenues, the rest of the industry reported average revenue growth of 4 percent. There were exceptions among the largest institutions, notably the Northern Trust, which reported double digit revenue growth.
Total industry assets lost ground in the second quarter. For the six months ended June 30, assets were up an average 3 percent. However assets were up 7 percent in the first quarter.
The only account category to see asset gains in both the first and second quarters of 2012 were defined benefit plans. DB plans are one of three subcategory that comprise employee benefit trusts. The other two subcategories are defined contribution plans and "other" accounts (primarily IRAs and KEOGHs).
For a complete copy of the quarterly update subscribe to next year's issue, Trust Performance Report 2013, now by Clicking Here.
Trust Performance Report 2012’s annual data book (published in May) provides both industry and peer group performance data by assets, gross revenue, net income, and account category; subscribers receive quarterly updates. TPR findings are based on its annual survey of the top 1500 fiduciary institutions.
For more best practices and benchmark data see Trust Performance Report 2012 and Fiduciary Earnings & Expenses 2012. For information on ordering both publications at a special discounted price Click Here and enter the rate code FallCombo; we'll e-mail you a no-obligation invoice at the special discounted rate.
No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.
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