Eastern Point Trust Company

What Eastern Point Trust Company does

Eastern Point Trust Company is a Virginia-based, licensed fiduciary founded in 1994 that administers Qualified Settlement Funds (QSFs) and Plaintiff Recovery Trusts (PRTs) for the U.S. legal settlement market. Its core service is operating as an independent, product-neutral administrator under IRS Section 468B, with a stated base of more than 7,000 trust and settlement accounts, $25B+ in assets administered, 20,000+ users, and $65M+ in cumulative client tax savings delivered. The company serves plaintiff and defense attorneys, settlement planners, Fortune 500 defendants, municipalities, family offices, and individual plaintiffs, with named defendant-side engagements including Amazon, IBM, Google, Toyota, Sony, Wells Fargo, Exxon Mobil, Uber, Airbnb, Stanford, Marriott, and Hyundai. GTM combines enterprise field sales and expert consultations targeting law firms with a self-service portal (my.easternpointtrust.com) and interactive PRT Calculator for inbound funneling.

The technology stack centers on the proprietary QSF 360 platform, which supports 1-day QSF setup and ongoing account administration, plus a recently launched AI-powered fiduciary assistant integrated with ChatGPT (November 2025). Product portfolio includes the core QSF 360 product, PRT (priced at a fixed 3% with a $5,000 minimum), the new Conditional QSF for complex and high-stakes settlements, KissTrust as a self-service consumer trust product, and interactive tools including the PRT Calculator and Settlement Assessment Tool. A February 2025 strategic agreement with J.P. Morgan provides financial infrastructure and FDIC coverage up to $240 million per account. Distribution spans direct enterprise sales, online self-service, and phone consultation, supported by sustained media presence on CNBC, Fox News, MSNBC, CNN, Bloomberg Tax, USA Today, Forbes, ESPN, and endorsements from the American Bar Association, Federal Bar Association, and Practising Law Institute.

The business model is a hybrid of managed services and transaction fees: recurring administration fees on settled and ongoing trust accounts layered with transactional PRT fees (3% of settlement, $5K minimum) and quote-based QSF setup fees. The company is privately held with 11-50 employees, no disclosed venture or private equity backing, and no parent-company relationship; leadership is led by CEO Ned Armand, President and COO Joe Sharpe, Chief Trust Officer Rachel McCrocklin, and COO Milan Kmezic. Operations span the United States and international markets, with the Circuit Court of Fauquier County, Virginia designated as the Court of Jurisdiction.

Name

Eastern Point Trust Company

Legal name

Eastern Point Trust Company

Website

https://easternpointtrust.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Eastern Point Trust Company is a Virginia-based licensed fiduciary administering Qualified Settlement Funds and Plaintiff Recovery Trusts for law firms, settlement planners, Fortune 500 defendants, and individual plaintiffs, operating for 30+ years with $25B+ in assets administered and 7,000+ accounts.

Ownership category

akta.pro rank

Product category

Trust Administration Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592), Trusts, Estates, and Agency Accounts (525920)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Personal & Family Trust Services (FSAAANAA), Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Trust administration services
• Qualified settlement funds
• Plaintiff recovery trusts
• Settlement fund management
• Fiduciary services

Headquarters

HQ city

Warrenton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Qualified Settlement Fund (QSF) Administration: Fees for QSF creation, approval, and ongoing account administration services. Provides tax-efficient settlement fund management for legal cases.
2. Plaintiff Recovery Trust (PRT) Administration: Fixed percentage fee (3%) with $5,000 minimum for PRT services. Helps plaintiffs reduce tax burden on taxable settlements, increasing net recovery.
3. Trust Administration Services: Fiduciary and ministerial services for various trust structures including escrow services and specialized trust products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Eastern Point Trust Company is a licensed independent fiduciary that administers Qualified Settlement Funds (QSF 360™) and Plaintiff Recovery Trusts (PRT) for legal settlements. It provides tax-efficient settlement administration, including 1-day QSF setup, ongoing fiduciary account management, and structured trust solutions for law firms, plaintiffs, defendants, and Fortune 500 companies. The company also offers an online self-service trust product (KissTrust) and tools such as the PRT Calculator and an AI-powered fiduciary assistant integrated with ChatGPT.

Product overview

Eastern Point Trust Company offers a comprehensive suite of trust administration and settlement solutions. The core portfolio centers on Qualified Settlement Fund (QSF 360™) administration and the Plaintiff Recovery Trust (PRT), complemented by newer offerings including the Conditional QSF™ for complex settlements. Technology offerings include the QSF 360 Platform, an AI-powered fiduciary assistant integrated with ChatGPT, and self-service tools like KissTrust for individual trust creation. Additional tools include the PRT Calculator for tax savings estimation and an interactive Settlement Assessment Tool. The company emphasizes fiduciary independence, tax efficiency, and technology-enabled administration across its product range.

Differentiator

Problem solved

Functional benefit

Brands

• QSF 360™: Qualified Settlement Fund solution with creation, approval, and account administration; offers 1-day setup, licensed fiduciary services, and tax efficiency.
• Plaintiff Recovery Trust (PRT)
• Conditional QSF™
• Kiss Trust

Products and services

• Qualified Settlement Fund (QSF 360™) Licensed fiduciary Qualified Settlement Fund administration under IRS Section 468B, providing creation, approval, and ongoing account administration services for legal settlements. Offers 1-day setup, tax-efficient structures, and clean release for defendants. For law firms, plaintiffs, and corporate defendants in personal injury, mass tort, and class action cases.
• Plaintiff Recovery Trust (PRT)

Quantifiable outcome

• Plaintiffs can double what they keep through proper settlement planning, even with defense paying less
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• J.P. MorgancoreStrategic or Co-development Partner · 1 February 2025Strategic agreement executed in February 2025 with J.P. Morgan, providing enhanced financial infrastructure and services for trust administration and settlement fund management.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Citizens Corporate Trust: Citizens Bank's Corporate Trust division administers structured settlements and escrow arrangements for institutional clients. Comparable to EPTC's institutional QSF/escrow lines and competes for regional Fortune 500 settlement mandates.
• Northern Trust: Northern Trust administers large institutional trust, escrow, and fiduciary mandates for high-net-worth and corporate clients. Comparable to EPTC's HNW and corporate-defendant trust administration lines and competes for asset-administered mandates backed by FDIC-like balance sheet coverage.
• KeyBank Corporate Trust: KeyBank Corporate Trust and Escrow Services administers QDRO, QSF, and trust accounts for corporations and financial institutions. Comparable to EPTC's corporate-defendant QSF administration business, particularly for routine settlement and escrow mandates.
• Wilmington Trust (M&T Bank): Wilmington Trust, now part of M&T Bank, is a large corporate trust provider that administers QSF, escrow, and structured-settlement related products. Comparable because it competes for the same corporate-defendant QSF mandates that Eastern Point Trust markets to Fortune 500 settlement defendants.
• BNY Mellon Corporate Trust: BNY Mellon's Corporate Trust division administers structured trust and settlement-agent arrangements across global institutional clients. Directly comparable as a regulated fiduciary trust administrator with national scale that could absorb large QSF and Conditional QSF mandates currently served by EPTC.
• U.S. Bank Corporate Trust Services: U.S. Bank's Corporate Trust Services group administers QSF and class-action settlement distributions for major U.S. defendants. Comparable to EPTC because both serve as court-designated settlement fund administrators competing for the same mass-tort and class-action work.
• JPMorgan Corporate Trust: JPMorgan Corporate Trust is a global institutional trust and escrow provider; notable given EPTC's February 2025 strategic agreement with J.P. Morgan. Comparable because it can fulfill similar QSF/escrow roles and represents both a partner and a potential large-scale competitor.

Direct peers

• Berenson & Company: Berenson & Company is a specialized settlement-planning and trust firm serving plaintiff attorneys and structured-settlement clients. Closely comparable to EPTC because both operate in the same settlement-fiduciary niche, targeting plaintiffs and law firms with Plaintiff Recovery Trust-type structures.
• Sage Settlement Consulting: Sage Settlement Consulting provides structured settlement planning and trust-based solutions to plaintiffs and attorneys, including tax-efficiency planning for personal injury settlements. Directly comparable to EPTC's PRT and settlement-assessment offerings for plaintiff law firms.
• Settlement Capital (drb settlement services): Settlement Capital provides settlement planning, structured settlement purchasing, and trust administration services for plaintiffs and law firms. Comparable because it offers competing plaintiff-side trust structures that overlap with EPTC's Plaintiff Recovery Trust value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/easternpointtrust
• YouTubeyoutube.com/channel/easternpointtrust
• LinkedInlinkedin.com/company/eastern-point-trust-company
• Facebookfacebook.com/easternpointtrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Point Trust Company