Trust Company

  

Categories: Trusts and Estates

Need to find someone or something you...trust? Well, guess what: you can buy it.

There exist entire companies (often filled with lawyers and accountants) who can manage your money, audit others who do, and (at least notionally) hold themselves to very high ethical and fiduciary standards in being there "for you" (for a small fee: think 1% of AUM per year).

Related or Semi-related Video

Finance: What is the Depository Trust & ...8 Views

Up Next

Finance: What is Trust Indenture Act 39?
13 Views

The Trust Indenture Act of 1939 is a set of laws designed to make financial dealings fairer for the average Joe.

Find other enlightening terms in Shmoop Finance Genius Bar(f)