In this episode of Trust Company Talks, hosts Bill Noble and Burke Koonce are joined by special guest Dave Beischer, a Trust Company of the South board member and fifth-generation Durhamite, to share his family’s experience as a client of Trust Company of the South for the past 26 years.
The conversation centers on Dave’s relationship with Trust Company, and how it evolved over the years from fiduciary services to wealth management, investments, tax strategies, risk management, corporate execution and management of the Fox Family Foundation, a philanthropic arm dedicated to supporting the Triangle nonprofit community.
During the episode, Dave shares his thoughts on the three areas where Trust Company differentiates itself from other providers: the culture and sense of family, the people and the fiduciary standard of care.
- Culture and Sense of Family:Trust Company believes in the importance of developing a close, personal understanding of each client’s family, ensuring a relationship that goes beyond business to become a trusted friend.
- The People:It’s not just about managing wealth; it’s about the people behind the process. Dave emphasizes the exceptional expertise and commitment of the team at Trust Company.
- Fiduciary Standard of Care:Trust Company follows a strict fiduciary standard of care. Dave elaborates on how this distinguishes them from other providers, ensuring that your best interests are always put first.
Additionally, Dave shares his thoughts on the value of having outside board members, like himself, who were initially clients. He emphasizes the importance of an external perspective and mentions the positive impact of outside board members on the firm’s decision-making processes.
As always, if you have any questions, please do not hesitate to contact us.
Trust Company Talks is a production of Trust Company of the South, one of the premier wealth management firms in the Southeast. Trust Company is a privately held firm based in Greensboro, NC, with offices in Charlotte and Raleigh. You can find more episodes of Trust Company Talks on Apple Podcasts, Spotify and Google Podcasts. Receive the episodes as soon as they premiere by subscribing today.