Expertise, Stability and Permanence
What It Means to Be a Fiduciary
A fiduciary is a person, or institution, with the power and obligation to act for another under circumstances that require total trust, good faith and honesty. The term "fiduciary" usually also references the consideration of clients’ interests ahead of the firm’s interests and the responsibility to exercise care with clients’ assets.
As fiduciaries, CIBC Atlantic Trust commits to:
- Act in your best interests, disclosing or mitigating conflicts of interest
- Take responsibility for our decisions
- Provide transparency regarding fees and performance
- Develop a plan to fit your distinct requirements, ensuring that your investments are not only suitable but appropriate
This is an integral part of serving in the role of trustee for families' trusts, and all help define CIBC Atlantic Trust's "culture of care."
Gabrielle D. Bailey
Chief Fiduciary Officer
"Being a trustee is the absolute best part of our business because it's often the most personal part of our business. It's very rewarding to watch the stories of our families unfold and to serve as a trusted advisor and reliable resource for our clients. We believe managing trusts as an integral part of the family wealth within each client's relationship team keeps the focus on the client and is consistent with our firm culture of care for families."
Resources for Trustees and Beneficiaries
Why CIBC Atlantic Trust as Trustee?
Our guiding principle is to understand the intentions of the trust creator in providing for his or her beneficiaries, and to always put their needs ahead of our own.
Clients who select CIBC Atlantic Trust to serve as trustee, co-trustee or successor trustee of their trusts can count on our expertise and capabilities as well as stability and permanence. This stability is especially helpful for multi-generational planning, where continuity in trust administration is so important.
Additionally, when our clients' wealth planning calls for the trust benefits afforded by Delaware law, we have the ability, through the Atlantic Trust Company of Delaware, to meet those special planning needs in cases where the benefits of Delaware trust law are applicable.
Our Responsibilities as Trustee
Through our nationally chartered trust company, CIBC Atlantic Trust has authority to serve as a professional trustee throughout the country. This authority provides us with the flexibility to serve our clients regardless of where they live and establish their trusts, and no matter where their children or grandchildren relocate. Moreover, our national charter requires that our processes and practices are reviewed regularly, both internally and by the federal government, to ensure that we follow carefully not only regulatory requirements, but also our own high fiduciary standards.
CIBC Atlantic Trust's fiduciary offering includes the following services:
- Actively manage a trust’s liquid assets to carry out the trust’s long-term goals
- Provide fiduciary expertise in the oversight of illiquid assets, such as real estate, business interests and other unique assets
- Interpret and carry out the stated intentions of the creator of the trust
- Balance the often competing interests of multiple beneficiaries
- Objectively and equitably avoid and resolve conflicts among beneficiaries without bias or undue emotion
- Maintain trust accounting systems
- Provide proper record keeping and reporting to beneficiaries and taxing authorities
If your assets are custodied with Atlantic Trust, please select the internal custody version of Atlantic Trust Portfolio Online to view your portfolio information.
If your assets are custodied with an external custodian, such as Schwab, Fidelity or The Bank of New York, you may access the external version of Atlantic Trust Portfolio Online.
Sponsored Funds Investors:
If you are an investor in any of the Atlantic Trust Sponsored Funds, you may access the Atlantic Trust Investor Dashboard here.
For further assistance, please contact your Atlantic Trust client service team.