Houston: 713.624.6000 | Las Vegas: 702.856.4322
Grrenway Capital Advisors

Services

Greenway specializes in providing the following services:
  • Beneficiary distributions approved by a Distribution Committee of a private trust company or an individual trustee.
  • Bill payment and other remittances.
  • Collection of income, asset sale proceeds and other receipts.
  • Daily cash management arrangements.
  • Annual administrative reviews of trust accounts.
  • Preparation of financial reports and recordkeeping for trusts.
  • Coordination of tax filings and other reporting requirements.
  • Preparation of annual budgets for private trust companies.
  • Assistance with developing and structuring Distribution Committees for private trust companies.
  • Preparation of packets and minutes for Investment Committee Meetings of private trust companies.

ADMINISTRATIVE REVIEWS

Greenway helps private trust companies and individuals, serving as trustee of family trusts, fulfill their administrative duties and responsibilities by performing initial and annual administrative reviews of trust accounts. The initial review is typically performed within 60 days after acceptance of the appointment as trustee, and it serves as a checklist for the proper set up of new trust accounts. The purpose of the annual review is to verify that private trust companies and individual trustees are carrying out their administrative duties and responsibilities.

BENEFICIARY DISTRIBUTIONS

Greenway supports private trust companies and individual trustees in the prudent management of the beneficiary distribution authority that is granted to them by the terms of the applicable trust agreements. Distributions are made in a timely fashion to beneficiaries in the amount and manner as approved by the Distribution Committee of a private trust company or the individual trustee.

BILL PAYING

Greenway assists private trust companies and individual trustees in the timely payment of bills, taxes, and other expenses attributable to trust accounts. Bills, taxes and expenses are paid as authorized and directed by the private trust company or individual trustee.

CASH MANAGEMENT

Greenway makes arrangements for the daily management of cash held in trust accounts. This is accomplished by developing and maintaining cash management arrangements with well-established trust custodians and major financial institutions.

COLLECTION OF INCOME

Greenway receives and accounts for income earned on trust assets. This also includes the receipt of proceeds from the sale of trust assets and other receipts such as additional contributions to trusts.

TRUST FINANCIAL REPORTING

Greenway helps private trust companies and individual trustees adhere to sound and reliable fiduciary recordkeeping principles through the preparation of financial reports for trust accounts. Trust financial reports include the maintenance and updating of a general ledger for each trust account. Trust financial reports are typically prepared on a quarterly basis, or as otherwise directed by the private trust company or individual trustee.

Nevada Services

Greenway can provide the following services in Nevada to Nevada family trust companies:
  • Registered Agent
  • Trust Officer
  • Office and Conference Rooms
  • Telephone Service
  • Opening and Forwarding of Mail
  • Opening and Maintaining a bank account in Nevada
  • Record Maintenance
  • Preparation and Filing of Initial and Annual List of Managers and State and Local Business License Applications and Renewals.