Prosperity Trust can help you achieve your unique goals and create a meaningful legacy.LEARN MORE BELOW
Managing your wealth, one generation at a time.
Whether it's identifying estate planning needs, administering trusts or providing advisory services to help transition your legacy, we're here with the solutions you need.
A dedicated team of Prosperity Bank specialists will get to know you and your specific needs. The personal attention you receive will help you grow and protect your wealth, giving you the peace of mind to focus on what really matters to you.
Generations of families have relied on Prosperity Bank to manage assets and provide property administration. Today, your asset management needs may be quite sophisticated and your beneficiary relationship complex. More than ever, you need an experienced fiduciary.
Prosperity Trust Investment Philosophy
Our philosophy has stayed consistent since the department was founded. The fiduciary capacity in which we serve our clients requires that we invest every dollar prudently. While our clients have different risk tolerances and financial objectives we strive to meet their needs while taking as little risk as possible, even in "aggressive" portfolios.
Our philosophy and primary goals are:
(1) preservation of capital;
(2) provision for adequate liquidity given the client's cash flow needs, and
(3) capital appreciation on the investment given the client's risk tolerance.
We approach each account with a "goal based" analysis. We determine with you, the client, the primary objectives of each account, build a portfolio of fixed income, equity holdings and/or alternative investments that meet the agreed upon objective. Once the initial portfolio is constructed, Prosperity Bank Trust continuously monitors the account. Changes will be made as need arises to assure the goals for the portfolio are met. Periodic meetings with you will be scheduled to report results and insure that objectives for the account are in line with account structure. We have a conservative philosophy concerning credit and market risk; our investments are stringently managed to meet fiduciary responsibilities of our department and the many organizations, foundations, and charities we serve.
Our department uses low cost, non-proprietary, institutional class equity mutual funds. The institutional share classes have the lowest cost of any funds available. Typically the best performing funds lack 12(b)1 fees and hidden fees such as Sub TA that are buried in the prospectus. Prosperity Bank also has agreements in place with funds that are closed to new investors so our clients have access to certain funds that they would not otherwise have access to. On the fixed income side we prefer to use individual bonds bought directly from wholesale bond dealers. We pass these bonds into customer accounts without the mark up that you would find in the retail sector. With the volume of bond transactions we handle we often get favorable pricing compared to firms with lower volume. We find that holding individual high quality bonds allows the client to have greater control over duration, loss taking, and quality of the portfolio.
For additional information please contact a Prosperity Bank Trust Office:
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A trust is an effective tool for managing your assets during your lifetime and for the benefit of your loved ones after you are gone. A personal trust can hold and manage assets and pass those assets on to heirs as instructed, and can provide significant tax advantages to help you preserve those assets.
Our trust specialists at Prosperity Bank can help manage the following issues related to personal trusts:
By naming Prosperity Bank as your trustee, you and your beneficiaries will benefit from the knowledge and expertise our team will commit through specialized service.
Good estate planning uses a combination of products, services and advisors to help you incur minimum expenses and provide for your loved ones for the future. An important part of your estate planning is selecting a representative to settle your estate according to your intentions. Services we provide include:
Prosperity Bank can also help beneficiaries revise their own financial plans once the assets have been distributed. Above all, family members can count on us to listen carefully, to explain complicated procedures, and to give personal attention to your situation.
A Living or Grantor Trust is a valuable estate-planning tool that assures proper management of your assets during your lifetime. These come in many different forms and can be created to benefit you, your spouse, or other named individuals. And, if you choose, it can continue beyond your lifetime to provide for loved ones.
A Living or Grantor Trust can relieve you of investment chores, give you financial protection if you become ill or incapacitated for a prolonged period, and minimize delays and expenses at your death. Used wisely, it can reduce a couple’s estate tax bill and is commonly designed to avoid probate.
You have worked hard to acquire your assets. Let Prosperity Bank help make sure you maintain control, which will create peace of mind for the future. We can also help beneficiaries revise their own financial plans once the assets have been distributed. Above all, family members can count on us to listen carefully, to explain complicated procedures, and to give personal attention to your situation.
Special Needs Trusts
Special Needs Trusts are established to provide supplemental income to a disabled beneficiary while preserving government benefit eligibility. Government benefit recipients can retain only a minimum amount in assets.
Special Needs Trusts are designed to provide for additional needs such as:
As a trustee, the dedicated administrators at Prosperity Bank will work to meet the needs of your unique family dynamic while helping to maintain the integrity and optimal quality of life for the beneficiary.
Court-ordered guardianships protect the assets of those who are unable to handle their own financial responsibilities, typically children or disabled adults. A financial guardian is responsible for managing all assets in a prudent manner.
Prosperity Bank is an impartial and experienced provider of the following financial services:
The professional staff at Prosperity Bank takes pride in a reputation of stability and integrity with the highest ethical standards when accepting the obligations required of a guardian.
Retirement planning is more than asset management. It is developing a plan for financial freedom. Many of us fear we will not have enough resources to provide for our lifetime. Investing for retirement with a customized combination of investment management and administrative services could make the difference in the comfort you enjoy the rest of your life.
For individuals who qualify, an IRA can defer taxes on interest and/or contributions. We offer various IRAs, including the option of a self-directed IRA. The IRAs offered in the Trust Department at Prosperity Bank are an alternative to traditional bank CDs. The IRAs can be invested in bonds, stocks, mutual funds and other investments. Based on your personal guidelines, we can assist you in developing a sound retirement strategy.
Employee Benefit Plans
Whatever the size of your company, you face great opportunities and great challenges in planning for retirement. Whether you are a business owner or self-employed, you need a vision and a plan for your retirement future. We can help you with that plan.
Prosperity Bank Trust Department offers a broad array of retirement products including 401(k) and profit-sharing plans designed for business owners and self-employed investors. Whether it's an existing plan converting to our platform or a brand new plan, we will be there from start to finish.
Our Employee Benefit Specialist can help design a retirement plan that meets your needs along with a detailed list of services that makes our program unique:
Ours is a highly personalized one-on-one service that you can trust. Unlike other providers, we offer our clients a personal and dedicated service. Each plan is assigned a specialized team of individuals led by a Relationship Manager who oversees all phases of the relationship and provides personalized customer support. Our clients always have the same individual to call for assistance, someone who is familiar with their program and can provide strategic and consultative services.
Let us do a review of your current Plan. We will give you a no-obligation fair evaluation. Below are the documents we need:
Need help with your investments? It’s not unusual. It requires a great deal of time and expertise.
When setting your investment program, we first determine your financial goals and risk tolerance. With this understanding, we then develop investment guidelines for your approval.
Delivering comprehensive, risk-sensitive solutions for your asset management needs is what our team of skilled administrators strives to achieve for your benefit.
Once again, it never hurts to have a helping hand. We’ll help you manage your farm and ranch properties, giving you a source of income without the concerns of ongoing management.
Oil and Gas Management
Mineral interest management can be a time-consuming chore that requires knowledge of difficult terminology and procedures. The experts at Prosperity Bank can provide the following services to help ease the load:
A popular investment option for accounts managed by the Prosperity Bank Trust Department is our suite of asset allocation strategies known as Prosperity Portfolios. Each asset allocation strategy has been identified by a specific strategy name to reflect the strategy’s investment objective.
The Prosperity Portfolios include strategies containing mutual funds arranged by class and style. These strategies help investors achieve specific long-term goals and objectives ranging from income plus moderate growth to, more aggressive capital appreciation.
Our Asset Allocation Strategies receive ongoing monitoring from our expert portfolio managers. They select the funds and make specific asset allocations for enhanced levels of diversification. These strategies offer:
The Prosperity Asset Allocation Strategy styles include, but are not limited to the following: