Trustee

On January 1, 2014 Community Fund Management Foundation is entering into a Trustee partnership with Equity Trust, the nation’s leading provider of self-directed IRAs and 401(k)s with over 130,000 clients in all 50 states and over $12 billion of retirement plan assets under administration.

Community Fund Management Foundation has been providing trust services to Ohioans with disabilities for 20 years. Throughout that time we have continuously looked for ways to provide more responsive, efficient services to our clients. With that goal in mind, we are pleased to announce that the Community Fund Management Foundation will be entering into a new Trustee partnership effective January 1, 2014 with Equity Trust.

The solid financial track record of Equity Trust, combined with their strong Ohio ties, is a combination we believe will be an asset to the trusts we manage. Equity Trust is the nation’s leading provider of self-directed IRAs and 401(k)s, with over 130,000 clients in all 50 states and over $12 billion of retirement plan assets under administration. Established 39 years ago, they are privately held and headquartered in Westlake, Ohio.

Equity Trust will oversee the trusts’ investment strategy with the assistance of local investment advisor, Vantage Financial Group.  Vantage Financial is a regional financial services group managing over $4 billion in assets and offering comprehensive financial, insurance, estate and tax strategies.  Established in 1969, they are headquartered in Cleveland, Ohio.  Vantage Financial Group will also serve as the third-party trust administrator.  The Community Fund Management Foundation will continue to serve as Trust Advisor for all trust accounts.

Equity Trust Company, trustee charges 120 basis points which equates to approximately 1.2% of the account balance annually. This fee includes all deposits, distributions, third party administrator services, investing fees and tax preparation. A written quarterly statement is also provided in addition to the ability to view daily account balance, account activity and quarterly statements online at https://www.cfmfonline.org.

DOWNLOAD THE NEW TRUSTEE ANNOUNCEMENT TO LEARN MORE ABOUT ABOUT OUR NEW PARTNERSHIP AND TO PROVIDE ANSWERS TO SOME COMMONLY ASKED QUESTIONS.

DOWNLOAD HERE >>

See the Documents page for

  • Deposits to Trust Accounts

 

 

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