National Advisors Holdings, the holding company for National Advisors Trust, today announced the launch of its new trust company, National Advisors Trust of South Dakota (NATSD).
NATSD was formed to provide RIAs with expanded trust services for their high-net-worth clients that take advantage of South Dakota’s unique trust laws for protecting and passing on wealth.
The trust code in South Dakota offers benefits not available in many states, according to National Advisors. These include creditor protection for self-settled trusts, no state income or capital gains tax on trusts, total privacy of the trust terms and assets, perpetual trust duration and the ability to modify the trust to respond to changes in circumstances.
“NATSD is an important expansion to the trust services we provide to RIAs for their high-net-worth clients because of South Dakota’s advantageous trust and tax laws, “ said David Roberts, Chairman of the Board for NATSD. “NATSD’s trust options make it easy for advisors to help clients pass their wealth on to future generations securely and efficiently, and retain clients through multiple generations.”
National Advisors Trust Company was founded in 2001 by financial advisors and is headquartered in Overland Park, Kan. The firm currently has more than $8 billion in assets under administration referred by more than 135 RIA firms throughout the country.