With a recent application to become a trust company in November 2023, Prestige Trust Company has significantly enhanced its governance structure and strengthened both its Board and Trust Officer position to ensure the highest level of service and integrity.
The Board at Prestige includes three Certified Trust and Financial Advisors (CTFAs), alongside two members with extensive retail trust company experience, bringing a wealth of knowledge and expertise to the company. Additionally, Prestige has implemented several key measures to ensure robust financial security and governance.
Prestige Trust Company will retain capital of $2,000,000, doubling the statutorily required amount. To further safeguard its leadership, the Board will also maintain reasonably adequate Director and Officer Liability Insurance.
Prestige will exclusively manage trusts directed as to investments, ensuring precise and specialized asset management. Furthermore, the company will not retain custody of any highly liquid or other fungible assets, including currency, coins, bullion, other metals, marketable securities, digital tokens, or similar assets.
Please note that Prestige Trust Company is eagerly preparing to begin operations. We are currently awaiting the final approval of our license from the Nevada Financial Institutions Division (NFID) and will officially launch as soon as it is granted.
