Mainsail

 

Building A Strong Foundation

Mainsail Family Trust provides trust solutions for clients whose financial, family or business needs require the services of a professional fiduciary.  Mainsail Family Trust is a Trust Representative Office of National Advisors Trust Company, the largest federally chartered trust company created by registered investment advisors for the benefit of their clients. Mainsail Family Trust, a service of GFS Private Wealth, works with estate planning professionals on a local level to provide the consistent trusted services needed by our common clients.  By working together, Mainsail Family Trust, National Advisors Trust and the estate planning professional are able to build a strong foundation for the client by providing a solid trustee and investment management solution while helping clients protect their wealth and remain confident about the future of their estates.

 

Estate Planning Professional


  • Works with the client to recommend and establish the appropriate trust

  • Appoints GFS Private Wealth as the investment advisor and Mainsail Family Trust as corporate trustee, co-trustee or agent for trustee

GFS Private Wealth


  • Oversees the client/investment advisor/trustee relationship

  • Manages the investments in accordance with the trust document while incorporating tax and estate planning strategies

Mainsail Family Trust


  • Ensures safekeeping of all trust assets

  • Performs trust administration duties as outlined in the trust document, such as distributions, statement production, tax reporting and bill paying
  • Provides principal and income trust accounting

 

Agent For Trustee

Individuals sometimes appoint themselves, a family member, attorney or family friend as trustee of their trusts.  Even in this situation, there are benefits from having the trust company act as the Agent for Trustee.  For many individuals, the administrative aspect of serving as trustee is time-consuming and challenging to ensure they stay in compliance with the trust document.  By appointing Mainsail Family Trust to act as your agent, you (or the individual you have appointed as trustee) will still retain fiduciary responsibility, while the trust company provides asset custody, trust-style statements and trust officer support.  Mainsail Family Trust continues to work directly with the client to manage trust assets and achieve the client’s financial goals and objectives.

 

A Locally Managed Trust Service

By working with our nationally chartered trust company, Mainsail Family Trust delivers a comprehensive, locally-managed trust services solution.

Expertise.  Retain GFS Private Wealth as the investment advisor while gaining access to the talented, experienced trust professionals from Mainsail Family Trust.

Cost Effective.  Benefit from trust services provided in a cost efficient manner with a competitive fee structure.

Flexibility.  Opt to work with co-trustees by sharing administrative responsibilities to achieve the objectives of the trust and meet the needs of the beneficiaries.

Local Support, National Coverage.  Combining face-to-face meetings with Mainsail Family Trust representatives and the scope of a federally chartered trust company provides peace of mind to clients.  With national coverage, clients are able to relocate to another state with no concerns about a move affecting their trust administration.

 

Trust Services


  • Revocable trusts
  • Charitable trusts
  • Irrevocable life insurance trusts
  • Special needs trusts
  • Irrevocable trusts
  • Institutional trusts
  • Agent for trustees

Custodial Services


  • Securities safekeeping
  • Income collection from securities
  • Settlement of securities trades as directed
  • Payment of funds when directed
  • Timely statement delivery
  • Custody for alternative investments

Retirement Plan Services


  • IRAs: custodian or trustee
  • Defined benefit plans
  • 401(k): daily valuation platform
  • Defined contribution plans
  • Roth 401(k) feature within a 401(k) plan

 

Personal Trust, Charitable Trust & Foundation Charges:  For services as a trustee, when legally relieved of investment responsibility for account assets, Mainsail Family Trust will charge an annual fee based on account asset value, prorated quarterly as follows:  0.40 of 1% for the first $2 million of asset value, plus 0.35 of 1% for the next $3 million of asset value, plus 0.20 of 1% for asset values over $5 million.

 

About Mainsail Family Trust

Families of wealth often benefit from a third party acting in a fiduciary role.  Mainsail Family Trust was established to seamlessly integrate this fiduciary requirement with the primary services provided by GFS Private Wealth.  Mainsail Family Trust is a Trust Representative Office of National Advisors Trust Company, FSB, a national independent advisor-owned trust company that provides the same comprehensive approach to trust services as GFS Private Wealth delivers for families’ total wealth.

 

About National Advisors Trust

National Advisors Trust Company, FSB, is federally chartered and regulated by the Office of the Comptroller of the Currency (OCC), a bureau of the U.S. Treasury Department, and is authorized to do business in all 50 states.  It is a member of the Federal Deposit Insurance Corporation (FDIC).  By law, client assets are segregated from the capital assets of National Advisors Trust and are not subject to potential creditor claims against the trust company.  As an independent trust company created by the client’s trust advisor, the trust company’s primary responsibility is to ensure the safekeeping of investment assets.