While every company's needs are different,the process of Trust outsourcing
has many common elements. The functions we provide typically include:
Post all daily cash receipts and disbursements
Process all wire transfers and ACH distributions
Invest and divest all Mutual Fund activity
Settle all DTC and Fed items through custodian
Print and mail checks daily to client or recipient as instructed
Provide single source for questions regarding system capabilities
Maintain technology and upgrades of software
Perform research on accounts
Receive and allocate all income
Perform OFAC verification on all accounts and disbursements
Provide comprehensive disaster recovery plan
Provide reconciliations on all assets in custody
"Our relationship with Trust Management Network is more like that
of a business partner than that of a vendor. Their people really do
make the difference."
