The Private Trust Company

Name

The Private Trust Company

Legal name

The Private Trust Company, N.A.

Website

https://theprivatetrustcompany.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Trust Services / Fiduciary Services

NAICS

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

SIC

Savings Institution, Federally Chartered (6035), Services-Legal Services (8111)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Corporate & Institutional Trust Services (FSAAANAB), Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB), Family Office Trust & Fiduciary Services (FSAEAKAF), Family & Private Client (Trusts & Estates) Law (BPAHAAAK)

Keywords

• Trust administration services
• Estate settlement services
• Corporate trustee services
• Fiduciary wealth management
• Legacy planning services

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Trust Administration Services: Ongoing trust administration fees for managing trust accounts, ensuring trust terms are followed, making distributions to beneficiaries, maintaining compliance with fiduciary laws and regulations, and managing tax filings (IRS Forms 1099, Schedule D, 1041, K-1s).
2. Estate Settlement Services: Administrative estate settlement and probate services including asset inventory, valuations, appraisals, creditor management, tax reporting, and execution of trust or probate estate administration.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

The Private Trust Company acts as corporate trustee, providing trust administration and estate settlement services to families, individuals, and charitable organizations. PTC executes trust documents, manages distributions to beneficiaries, files required tax forms (1099, Schedule D, 1041, K-1s), and administers a portfolio of trust types including revocable, irrevocable, charitable, special needs, and guardianship arrangements. The company operates on an open-architecture model that allows clients to retain their preferred financial advisors.

Product overview

The Private Trust Company (PTC) is a national bank chartered exclusively for trust services, offering a unified trust administration and estate settlement platform through an open-architecture model. The core offerings consist of Trust Administration Services (acting as corporate trustee) and Estate Settlement Services, supported by a comprehensive portfolio of trust structures including Living/Revocable Trusts, Irrevocable Trusts, Survivor's Trusts, Charitable Remainder Trusts, Charitable Lead Trusts, Special Needs Trusts, Guardianships, Rabbi Trusts, Private Foundations, and Charitable Remainder Unitrusts (CRUTs). PTC also provides specialized Charitable Foundation Services with tax preparation and dedicated trust team support. Services are delivered via a Client Portal platform, and PTC partners with financial advisors, attorneys, and tax professionals through its open-architecture model. The company serves clients in all 50 states with $2.3B in personal trust assets under administration.

Differentiator

Problem solved

Functional benefit

Products and services

• Trust Administration Services Core fiduciary service where PTC serves as corporate trustee to execute trust documents, manage distributions, ensure legal compliance, file tax returns (including IRS Forms 1099, Schedule D, and 1041), and act as neutral intermediary for beneficiaries. Targeted at families, individuals, and beneficiaries requiring independent corporate trustee services.
• Estate Settlement Services
• Living/Revocable Trust Allows grantor to remain trustee and beneficiary during lifetime while specifying successor trustee to manage/distribute assets upon death, avoiding probate. For individuals and families seeking to avoid probate and maintain control of assets during life.
• Irrevocable Trust A separate legal entity trust that cannot be changed once established, often used to hold life insurance, facilitate gifts, or fund charitable donations outside the grantor's taxable estate. For clients seeking tax-efficient wealth transfer and estate planning.
• Survivor's Trust Trust created during life that becomes irrevocable at death to provide for a surviving spouse or loved one, also known as A Trust, Marital Trust, B Trust, Family Trust, Bypass Trust, or Credit Shelter Trust. For individuals planning for surviving spouse or loved ones.
• Charitable Remainder Trust Irrevocable trust with both income and remainder interests, paying income to designated beneficiaries for a term of years or lifetime, with remainder paid to qualified charities at termination. For clients seeking to combine income generation with charitable giving.
• Charitable Lead Trust
• Special Needs Trust
• Guardianships
• Rabbi Trusts Non-qualified deferred compensation arrangements established by corporations to benefit selected executives for retirement purposes. For corporations seeking to establish deferred compensation arrangements for executives.
• Private Foundations Charitable organizations created and funded as trusts or non-profit organizations to achieve specific charitable functions. For individuals, families, and organizations establishing charitable foundations.
• Charitable Remainder Unitrust (CRUT) Trust with both charitable and noncharitable beneficiaries that pays a fixed percentage (5-50%) of annually revalued trust assets to income beneficiaries, with remainder to charity. For clients seeking income with growth potential combined with charitable giving.
• Charitable Foundation Services Specialized trust services for foundations and endowments including tax preparation and filing, dedicated team support, and customizable trustee/co-trustee/agency arrangements. For private foundations, endowments, schools, universities, churches, and non-profit organizations.
• Client Portal Web-based client portal providing account access for PTC clients, accessible at app.trustreporter.com. For existing PTC trust clients to view account information and reports.
• Trust Attorney Database Managed referral network of qualified estate planning attorneys across US geographic areas that PTC refers business to, free to join. For estate planning attorneys seeking client referrals from PTC.

Quantifiable outcome

• $2.3B in personal trust assets administered across 50 states

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Northern Trust: Large publicly-traded wealth and asset manager with a deep personal trust, fiduciary, and estate services practice serving HNW and ultra-HNW families globally. Directly comparable to PTC's core trust administration and corporate trustee offering, though at vastly larger scale and broader service breadth.
• BNY Mellon Wealth Management: Major wealth manager offering personal trust, estate administration, and corporate trustee services alongside investment management and custody. Overlaps with PTC in personal trust administration and open-architecture solutions, but serves a higher AUM tier with global infrastructure.
• BMO Wealth Management (US): US wealth and trust franchise of BMO providing personal trust, estate, and investment management to HNW clients through advisor and banking channels. Overlaps with PTC in trust administration and corporate trustee services but operates within a broader diversified bank.

Direct peers

• TIAA Trust, N.A. Nationally chartered trust company (TIAA Trust, N.A.) offering personal trust, estate administration, and custody services. Comparable as a nationally chartered, trust-only bank subsidiary serving HNW clients through a broader financial services distribution platform.
• Glenmede: Independent investment and trust company serving HNW families, foundations, and endowments with discretionary wealth management, trust, and estate services. Comparable in trust-only positioning, family-wealth focus, and corporate trustee role.
• Wilmington Trust: Wealth management and trust services provider (now part of M&T Bank) specializing in personal trust, estate settlement, and corporate trustee services for HNW families. Highly comparable in trust-administration product mix and family wealth focus.
• Vanguard Trust Services: Trust services arm of Vanguard offering estate planning, trustee, and personal trust services to Vanguard clients. Comparable as a trust-only subsidiary of a major retail/wealth platform, competing for advisor-referred and direct HNW trust mandates.
• Fidelity Personal Trust Company: Fidelity's chartered trust company offering trust and estate services to retail and HNW customers, often integrated with Fidelity advisor relationships. Closest analog to PTC's model of a national bank-affiliated trust company embedded within a major brokerage/wealth platform.
• Charles Schwab Trust Services: Schwab-affiliated trust services providing corporate trustee and estate settlement to clients of Schwab advisors. Mirrors PTC's positioning as the dedicated trust arm of a large independent broker-dealer, competing for the same advisor-referred HNW business.
• Bessemer Trust: Privately-held multifamily office focused exclusively on HNW families, with strong trust administration, corporate trustee, and estate planning capabilities. Closely comparable in target client (HNW families) and trust-centric service mix, though Bessemer also provides investment management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-private-trust-company-n-a-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 The Private Trust Company