Trust Updates Archive

Fiduciary Assets Revenues 2011 first quarter Trusts Estates A.M. Publishing Garbo Three Consecutive Quarters of Asset Growth Boost Revenue

(July 18, 2011 --Chicago, IL) --Continued stock market growth since June 2010, combined with increases in custody accounts have pushed total fiduciary industry asset to a new record high, according to Trust Performance Report 2011.

Total industry assets of $91 trillion, exceeds the high reached in the fourth quarter 2010 by $1.5 trillion and is $5 trillion greater than the industry’s previous high set in 2007. Better than 3 in 4 institutions reported asset growth; a near equal number reported revenue growth.

Revenues, which so far have not broken record levels, are edging closer with stronger than expected growth in managed assets, especially P.I.E. assets. (P.I.E. = personal trusts, investment management agencies, and employee benefits accounts.) Based on first-quarter revenues, TPR projects 2011 gross fiduciary revenues at just over $33 billion. If growth in P.I.E. assets continues, 2011 revenues may be higher than projected.

TPR surveying finds the industry’s focus remains on boosting revenue. In March 2011 surveying, 1 in 4 institutions indicated they were planning on raising revenues through increased fees or other forms of revenue enhancement. In March 2010 surveying, an equal number indicated they would raise revenue. However, at year-end, the number that did so was reduced to 1 in 5.

Trust Performance Report 2011’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 performance and benchmark data see Trust Performance Report 2011. For information on ordering Click Here

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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