Dear Garden State Trust: My parents are retired, living in another state. They have a sizeable investment portfolio and are financially comfortable. However, as they are getting older, they are having trouble keeping up with their paperwork. Last year they were late in making tax payments, very unlike them. I would help them, but I…
Month: July 2019
Fiduci-what?
All trust companies, including Garden State, are held to the “fiduciary standard”, but we don’t hold the monopoly on fiduciary services. In May, the Securities and Exchange Commission (SEC) removed the word “fiduciary” from the mandated language registered investment advisors (RIAs) use in their customer relationship summary concluding the word is “legal jargon”. Based on…