Press

An Interview with Chip Martin, Co-Founder of Concord Trust Company

Chip addresses some of the frequently asked questions about Directed Trust Administration, Modern Trust Law, and how Concord Trust Company can help. 

 
When to 'Decant' a Trust

Wall Street Journal, Liz Moyer

It is getting easier to tinker with irrevocable trusts, thanks to a process known as "trust decanting." Such trusts used to be difficult and costly to alter even if the trustee thought a change could be in the beneficiary's best interest. But decanting lets trustees change certain terms by figuratively pouring the assets from an old trust into a new one.

Accessing NH’s Tax, Creditor Protection Benefits

Massachusetts Lawyers WeeklyAmy Kanyuk

Read more about how trust situs has emerged as a critical issue for high-net-worth families and their trusts. Whether seeking privacy, securing protection from creditors or a dissident spouse, updating existing trust provisions or looking to minimize taxes, Bay State families need look no further than their close neighbor to the north.

Bloomberg: Wealthy Americans Turn To Trusts To Shield Assets

Bloomberg, Elizabeth Ody

Read more about how asset-protection trusts are the way many insulate their wealth from lawsuit claims.

Bank of America Trusts Subject To Mass. Tax, Court Rules

Law 360 , Brian Amaral

The Massachusetts Supreme Judicial Court recently turned aside Bank of America’s efforts to cut its living trust's state tax liabilities by millions of dollars, finding that the bank was indeed an “inhabitant” of the commonwealth. This ruling highlights the importance of the place of trust administration when it comes to assessing state income and capital gains tax on trusts.

Press Releases

October 16, 2021

IQ-EQ acquires Greyline Partners, LLC

Founded in 2016, Greyline is a partner led compliance services business headed up by Managing Partner, Matt Okolita employing 56 people across its six offices located in San Francisco, Dallas, New York, Chicago, Boston and London. Also part of Greyline is GCM Advisory, an outsourced CFO, Finance and Accounting business launched earlier this year

 

 

 

September 24, 2021

IQ-EQ wins Trust Company of the Year accolade at the 16th Annual STEP Private Client awards

Following our 2020 Trust Company of the Year win, it's with great pride that we announce that IQ-EQ has come through again to secure a win... two years in a row and the third time IQ-EQ has taken home this prestigious award.

 

July 14, 2021

Concord Trust's Thomas Rabon shortlisted for a STEP Private Client Award

Thomas has been nominated in the "Young Practitioner of the Year" category at the 16 annual STEP Private Client Awards.  IQ-EQ Group has also been shortlisted in the Trust Company of the Year (large firm) category.

May 18, 2021

IQ-EQ receives regulatory approval to acquire Concord Trust Company

IQ-EQ, an Astorg portfolio company, is pleased to confirm that it has received regulatory approval to formally acquire Concord Trust Company, making Concord officially part of IQ-EQ Group.  News of this transaction was first publicised in April 2021.

April 7, 2021

IQ-EQ enters the U.S. Private Wealth market with the acquisition of Concord Trust Company

IQ-EQ, an Astorg portfolio company, is pleased to announce that it has signed terms to acquire Concord Trust Company, a leading independent U.S. based trust company, headquartered in South Dakota and with offices in South Dakota and New Hampshire.  This transaction remains subject to state regulatory approval from the South Dakota Division of Banking.

October 1, 2017

New Hampshire Introduces Foundation Act