Services by Offering
Washington Trust provides our clients with a full array of financial services for any wealth management requirement.
Investment Management Services
By combining in-house expertise with external investment capabilities, Washington Trust achieves best-of-class portfolio construction. Unlike large national companies, our Portfolio Management Group is not restricted to offering its own proprietary products and does not hold an inventory of securities. We have no company affiliations.
Our own rigorous independent research and analysis includes a selection of individual securities and best-in-class fund managers, allowing us to make sound, disciplined recommendations. Our independent structure places Washington Trust Bank in an elite class of Portfolio Managers who position our portfolios to be focused on our clients' requirements—and not to proprietary investment offerings.
- Financial planning
- Best-of-class selection
- Global investment expertise
- No commissions or loaded mutual funds
- No proprietary or "captive" mutual funds
- No security inventory to sell
- No fund or company affiliation
Charitable and Nonprofit Administration
Washington Trust Bank provides investment advisory and management, policy creation and reporting and custody responsibly for public and private charitable organizations that include community-based organizations, private schools, college and hospital foundations, religious-affiliated endowments, and private family foundations. We can act as a fiduciary, and will provide your entity with expert financial services to ensure the preservation of assets under your organization’s or family's stewardship.
- Private foundation
- Family trust
- Public foundation & endowment
- Nonprofit advisory
- Board governance
- Planned giving
- Donor advisement
Estate Settlement
Estate settlement involves a demanding, complex administration with the success dependent upon the expertise, skill and judgment of the fiduciary who is appointed. Through your trust or will, we ensure all of the legal aspects of administration are fulfilled as required.
We manage the assets of the estate (personal possessions, real property and investments), working diligently to minimize the impact of federal and state taxes. At Washington Trust, we go beyond fulfilling the legal requirements of estate settlement; our professional representatives combine experience, expertise and strong communication with heirs and family members, keeping all interested parties informed at every step of the settlement process.
Our skilled officers successfully administrate the most complex estate situations, always ensuring sensitivity and consideration to family values and personal situations.
- Open and administrate probate
- Identify, protect, value and manage assets
- Pay final bills and expenses
- File final income taxes
- Prepare accountings
- Distribute estate to heirs
- Close estate
Trust Administration
As a corporate trustee for over 100 years, we offer a full range of trust services. Our hallmark is exceptional administration with a highly personalized and confidential approach. Each trust is assigned a local trust officer who specializes in its unique requirements, who generally resolves even the most complex inquiries within hours. Our clients work directly with a trust officer and client support team member, and possibly other experts on our team as appropriate to coordinate unique requirements.
In addition to our investment, tax and planning expertise, we are highly sensitive to the personal communication and sensitivity required for individuals and multiple interests for whose benefit a trust has been established.
- Asset protection
- Marital, credit shelter and bypass
- Incentive based
- Life insurance
- Special needs
- Business operations & agricultural management
Family Office Services
Our Family Office Services provide financial administration to manage the financial complexities and interests of a multi-generational family in one place. For high-net-worth families with inherited wealth considerations, our administration ensures family wealth benefits from one overseeing advisor, Washington Trust Family Office Services.
Our experts work closely to integrate family values and financial objectives with our sound financial planning advice. Washington Trust Bank maintains confidential knowledge of each family’s overall financial situations, their ongoing distinctive needs and their identified family objectives as we administrate family wealth.
As a family-owned bank for over 100 years, Washington Trust understands the benefits and challenges of family wealth management. Our sophisticated administration, delivered with the highest level of confidentiality, ensures financial continuity to the families we serve.
- Administrate multi-generational interests
- Sale-of-business administration
- Real estate administration
- Private foundation
- Trust administration; dynasty and generation skipping administration
- Concentrated asset administration
- Real estate and agricultural management
- Family meeting facilitation/conflict management
- Financial planning
- Asset and cash distribution management
- Charitable planning services
- Recordkeeping
Individual Retirement Planning and Employee Benefits Administration
Washington Trust provides retirement plan administration that includes corporate trustee, custody and investment management for qualified retirement plans as well as Individual Retirement Account (IRA) administration and financial planning for individuals. Our expertise provides insight and adherence to the changing regulations and requirements within the administration of complex retirement and benefit plans.
Informed employees make informed decisions, so it’s important we provide businesses the best practices to meet their requirements. We understand that retirement plans are not a commodity offering—communication and financial education are critical for plan participants as they work toward their goals for retirement.
- Pension
- 401(k)
Custody Services
Safety along with timely and accurate processing of all account transactions is the foundation upon which our custodial services are based. For our clients with such requirements, we will custody assets of court-mandated legal settlements, sale of business, specific holding periods, or other considerations that warrant the safety and soundness of Washington Trust.
As a Corporate Trustee, Washington Trust administrates the complex legal structures of significant settlements. Quite often these settlements include hundreds of participants under court jurisdiction.
Attorneys and judges recognize our expertise as we are selected to custody and safely administrate settlement situations.
- Securities custody
- Corporate escrow
