2019 FOX Foresight: Managing Complexity With a Private Trust Company Structure

The family enterprise provides a strategic framework for families to stay together and accomplish the shared goals of growing wealth and managing risks through the generations. Within the enterprise, the Private Trust Company (the PTC) provides a beneficial mechanism to support the enterprise and the family’s growth and development. In addition to managing trustee duties, a PTC can institutionalize the family ownership and governance functions and may invest in the development of capable trustees and knowledgeable beneficiaries. Further exploring the benefits of a PTC, this article highlights the best practices families use to apply the PTC strategy within the enterprise and establish its fiduciary role through effective governance and operations.