What would you like to know?
01 HOW DO I KNOW MY ASSETS ARE SAFE?
In granting the charter to Meridian Trust & Investment Company, LLC, the State of Tennessee made the initial determination that Meridian Trust & Investment Company is a sound organization adequately staffed and capitalized to perform trust services. Your assets will be held (or custodied) with a brokerage firm such as Charles Schwab or Fidelity. We are subject to routine on-site examinations by bank regulators, and we maintain substantial insurance coverage to protect client funds against errors and omissions or wrongdoing.
02 HOW DOES MERIDIAN DIFFER FROM STOCKBROKERS AND BANK TRUST DEPARTMENTS?
Meridian is an independent, locally controlled and employee-owned trust company. We are free from the influences of an owner that may have proprietary products to sell and/or might be insensitive to the needs of our clients. This allows us to make our investment decisions solely for your benefit or the best interests of the trust beneficiaries. Meridian avoids conflicts of interest when charging fees, and we fully disclose all fees in a simple and understandable manner.
03 HOW OFTEN ARE THE ASSETS IN MY PORTFOLIO REVIEWED?
In addition to quarterly review by our investment managers, your account is continually monitored and adjustments made when appropriate.
04 HOW OFTEN WILL YOU MEET WITH ME?
We structure client meetings that are aligned with clients’ needs and desires. We recommend meeting at least once or twice per year, but we have many clients who desire to meet quarterly.
05 HOW DO YOU TRACK MY INVESTMENT PERFORMANCE?
We calculate performance for all accounts and individual investments from the day an account is established. If desired, performance reporting can be consolidated for clients with multiple accounts. Meridian uses a portfolio accounting system called Axys created by Advent Software. Axys is considered to be the industry standard for managing investment accounts and tracking performance and tax information.
06 DOES MERIDIAN SELL OR DISTRIBUTE MY INFORMATION TO THIRD PARTIES?
No, Meridian does not sell or distribute your information for marketing purposes. To see our privacy notice, please click here.
07 HOW EASY IS IT TO OPEN AN ACCOUNT? CAN I TRANSFER ASSETS WITHOUT INCURRING TAXES?
Whether you are moving funds from a bank trust department, brokerage firm or financial adviser, transferring assets is simple. Meridian prepares all paperwork for your signature and determines whether assets will be transferred “in kind” or sold. If the account is taxable, securities may be transferred, not sold, to avoid unnecessary capital gains. Ultimately, the objective of setting up a new account is to achieve each client’s investment objective, and to utilize Meridian’s investment management services. We expect to accomplish the transition from securities owned prior to your move to Meridian to those favored by our investment staff, carefully addressing issues such as capital gains and other considerations unique to you.
08 WILL YOU WORK WITH MY ACCOUNTANT IN TAX PREPARATION?
Meridian has sophisticated reporting capabilities that will make your accountant’s work easier at tax time. We track the cost basis of your assets as well as income and expenses. We will provide this information to you or your accountant, according to your preference.
09 HOW OFTEN WILL I RECEIVE STATEMENTS?
In addition to receiving a quarterly statement, you will have online access to all your accounts Meridian manages. We are always available to discuss your investments.
STILL HAVE QUESTIONS?
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