Western Reserve Trust Company is a non-depository, limited-purpose trust bank under the banking laws of the State of Ohio. It is a financial institution chartered and regulated by the Ohio Division of Financial Institutions, similar to a traditional bank. However, unlike a traditional bank, a non-depository limited purpose trust bank does not offer typical bank products, such as deposit accounts or loans. Rather, its charter limits its purpose to providing professional, institutional fiduciary services to its clients.
Trust and Family Office services are all Western Reserve Trust Company does. It was founded by industry experts for the explicit purpose of providing trust service and family office services to a select group of clients. Our comparatively small size, experience and single focus allow us to offer unparalleled service.
No. WRTC deliberately chose not to handle investments in order to avoid conflicts of interest and the sales pressure that can compromise its independence. We do not have proprietary financial products. Upon request, WRTC can help identify suitable providers of investment management services.
Family office and trustee fees are determined by assets under management, complexity and family size. We do not accept or pay commissions.
Yes. We serve families across the United States.