Frequently Asked Questions
Q: What is King Trust Company, N.A.?
A: King Trust is a federally-chartered bank regulated by the Office of the Comptroller of the Currency (OCC). As such, King Trust offers asset management and financial planning services for individuals and institutions.
Q: What specific types of services does King Trust offer?
A: King Trust offers Personalized Financial Planning, Diversified Investment Management, Retirement Accounts, Accounts for Minors/Education, Insurance, Estate & Gift Planning and Integrated Legal & Tax Services. At the present time, King Trust Company does not offer mortgages, credit cards, or loans to individuals.
Q: Why was King Trust Company created?
A: The idea for King Trust Company was prompted by the Philanthropy Protection Act of 1995. This act changed some of the rules regarding how foundations manage Revocable Living Trusts (RLTs). It became evident to King Trust Company's parent company, The Free Methodist Foundation (FMF), that it would be prudent to have a bank handle the investing of RLTs. In addition to this service, a bank would also allow FMF to more fully serve its donors by handling IRAs, and retirement fund transfers and rollovers. The bank could also invest non-charitable monies for individuals and institutions requesting this service. King Trust Company, N.A. was thus created to broaden and enhance the ministry already begun by The Free Methodist Foundation.
Q: How did King Trust Company get its name?
A: The bank's name is derived from the fact that Christ is the King, and He is King of our lives. King Trust Company is committed to serving Christ and our clients to the very best of our abilities. We do this by providing our services with excellence and Christian integrity as well as by making net profits available for ministry purposes.
Q: Where is King Trust Company's Corporate Headquarters located?
A: King Trust Company operates its headquarters from Spring Arbor, Michigan, a community located 10 miles west of Jackson, Michigan.
Q: What areas are covered in the financial planning done by King Trust?
A: The Financial Profile deals with asset allocation, cash flow, net worth, retirement planning, insurance needs analysis, education cost planning and estate planning. King Trust staff will make specific recommendations based on each client's individual needs in the above areas, and can address any specific financial concerns a client may have as well.
Q: Are investments with King Trust insured by the FDIC?
A: King Trust Company accounts are actively managed and therefore not a part of the FDIC program. All clients of King Trust are advised that investments are subject to risk, including possible loss of principal.