Inspire Trust Company, N.A.

What Inspire Trust Company, N.A. does

Inspire Trust Company, N.A. is a privately held, nationally chartered trust bank regulated by the Office of the Comptroller of the Currency (OCC) that provides fiduciary and investment management services exclusively to individuals and families who have received proceeds from personal injury, wrongful death, or other life-changing litigation settlements. The company operates from Reno, Nevada with mailing operations handled via SS&C-Innovest in Fort Worth, Texas, and is led by founder Jeff Savage, former National Managing Director of Wells Fargo's Specialized Wealth Services business which oversaw $42 billion in assets. Headcount is reported at 11-50 employees, consistent with a boutique operating model.

The product portfolio is organized around two service lines. Fiduciary Services encompass comprehensive day-to-day trust administration (bill pay, major purchases, compliance management, real estate assistance) delivered through six specialized trust vehicles: First Party Special Needs Trusts (SNT), Settlement Trusts, Medicare Set-Aside Accounts, Wrongful Death Trusts, Court-Appointed Services, and Master Trusts for adults and minors. Investment Services provide personalized, conservative portfolio management via six Common Trust Funds (CTFs) investing across equities, bonds, alternatives, and real assets, designed to preserve capital and support long-term financial security for beneficiaries who must often maintain public benefits eligibility.

The business model is fee-based managed services on a quote-based, account-customized pricing structure that is not publicly disclosed. Revenue is generated from ongoing fiduciary administration fees and investment management fees on assets under custody. Go-to-market is sales-led and relationship-driven, relying on referrals from plaintiffs' attorneys, structured settlement consultants (notably Sage Settlement Consulting, NFP Structured Settlements, and NDC Advisors), and financial advisors. The company differentiates through a combination of regulatory standing (national bank charter), vertical specialization (the only nationally chartered bank dedicated exclusively to this segment), and an empathy-led service philosophy.

Name

Inspire Trust Company, N.A.

Legal name

Inspire Trust Company, N.A.

Website

https://inspiretrustco.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Inspire Trust Company, N.A. is a nationally chartered trust bank providing fiduciary administration and investment management services exclusively to personal injury, wrongful death, and special needs trust beneficiaries, preserving public benefits eligibility and managing long-term settlement assets.

Ownership category

akta.pro rank

Product category

Trust and Fiduciary Services

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Investment Advice (6282)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Special Needs & Supplemental Needs Trust Services (FSAAANAJ), Personal Trust & Fiduciary Administration (FSAEAKAA), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

Keywords

• Settlement trust services
• Special needs trusts
• Fiduciary administration
• Personal injury trusts
• Trust investment services

Headquarters

HQ city

Reno, Nevada

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Fiduciary and Trust Administration Services: Fee-based fiduciary services including trust administration, bill pay, investment management, and compliance services for settlement trust accounts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Inspire Trust Company, N.A. is a nationally chartered trust bank that provides fiduciary and investment services exclusively to individuals and families who have received proceeds from personal injury or wrongful death settlements. Its core offering encompasses day-to-day trust administration (bill pay, major purchases, compliance) and conservative investment management via six Common Trust Funds, delivered across Special Needs Trusts, Settlement Trusts, Medicare Set-Aside Accounts, Wrongful Death Trusts, Master Trusts, and Court-Appointed Services.

Product overview

Inspire Trust Company, N.A. is a nationally chartered trust bank offering a unified platform of fiduciary and investment services exclusively for individuals receiving funds from personal injury or life-changing events. The core product portfolio centers on two main service lines: Fiduciary Services (comprehensive trust administration) and Investment Services (portfolio management). Under Fiduciary Services, the company offers specialized trust products including First Party Special Needs Trusts (SNT), Master Trusts for Adults & Minors, Settlement Trusts, Medicare Set-Aside Accounts, Wrongful Death Trusts, and Court-Appointed Services. The Investment Services component maintains six Common Trust Funds (CTFs) investing in equities, bonds, alternatives, and real assets. Additional service features include real estate purchase assistance with vendor connections, modifications, and property management support.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiduciary Services

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered operational, minor and core.

• SS&C - InnovestoperationalOthersThird-party service provider handling mailing address and administrative operations for Inspire Trust, located in Fort Worth, TX.
• PBF Energy, Inc.minorOthersWayne Budd serves as director of PBF Energy. Kim Lubel serves as board member and Chair of the Audit Committee of PBF Energy. These are board-level connections through board member affiliations.
• CST Brands, Inc.minorOthersKim Lubel previously served as CEO of CST Brands (Fortune 250 retail company), a connection through board member background.
• NFP Structured SettlementscoreStrategic or Co-development PartnerBill Goodman is president and founder of NFP Structured Settlements, bringing over 25 years of structured settlement experience. He assists plaintiffs' attorneys, insurance companies, and government agencies in utilizing periodic payment products as negotiating tools.
• Sage Settlement ConsultingcoreStrategic or Co-development PartnerScott Freeman is Co-Chairman of Sage Settlement Consulting, one of the nation's most accomplished settlement consultants working with hundreds of law firms across the country on personal injury, workers' compensation, and wrongful death settlements.
• NDC AdvisorscoreStrategic or Co-development PartnerBill Goodman manages NDC Advisors (NDC), a trust administration company, as part of his structured settlement industry work.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bank of America Private Bank: Bank of America Private Bank offers trust and estate administration services for high-net-worth clients, including customized trust solutions. Comparable as a broad incumbent in fiduciary services but spreads across many client segments rather than specializing in personal injury settlements.
• Wells Fargo Specialty Wealth Services: Wells Fargo's Specialized Wealth Services division offers Special Needs Trust Services and other settlement trust administration. Inspire Trust's founder Jeff Savage was previously National Managing Director of this business, making it the most direct and historically comparable incumbent. Differs in scale and breadth of offerings.
• BNY Mellon Wealth Management: BNY Mellon Wealth offers personal trust, estate administration, and fiduciary services for high-net-worth clients and families. Provides comparable trust administration infrastructure but as part of a much broader wealth platform, not specialized in settlement trusts.
• Comerica Bank Trust Services: Comerica's Wealth Management division provides personal trust and estate administration services, including special needs and settlement-related trust types. Comparable as a regional bank with established trust services competing in the same fiduciary space.
• BOK Financial Trust Services: BOK Financial offers private trust and estate services for HNW individuals, including special needs trusts and settlement administration. Comparable as a regional bank trust services competitor to Inspire's specialized offering.
• Northern Trust: Northern Trust provides personal trust administration, fiduciary services, and wealth management for HNW/UHNW individuals, including those with complex inheritance and settlement needs. Comparable as a broad incumbent offering trust administration services, though not specialized in personal injury settlements.
• Bessemer Trust: Bessemer Trust is a privately held wealth management and trust company serving UHNW families with trust, estate, and investment services. Comparable as a focused fiduciary/trust specialist, though oriented to multi-generational wealth rather than settlement recipients specifically.
• U.S. Bank Private Wealth Management: U.S. Bank provides personal trust and estate administration services, including special needs trust administration, through its Private Wealth Management group. Comparable as a nationally chartered bank offering trust services, though overlapping with Inspire's niche rather than focused exclusively on it.

Emerging players

• NFP Structured Settlements: NFP Structured Settlements provides structured settlement consulting and trust administration services. Inspire Trust board member Bill Goodman is founder and president of NFP, creating a strategic partnership with business overlap in settlement recipients and trust funding. Emerging player with partial business model overlap.
• Sage Settlement Consulting: Sage Settlement Consulting is a leading settlement consulting firm working with hundreds of law firms on personal injury, workers' compensation, and wrongful death settlements. Board member Scott Freeman serves as Co-Chairman. Comparable as a settlement industry specialist that channels settlement trust business to Inspire.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/inspire-trust-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Inspire Trust Company, N.A.