Our news
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Why Proper Trust Accounting is Essential for Independent Trustees—and How to Get It Right
Independent trustees play a vital role in trust administration, ensuring that a grantor’s wishes are carried out while prioritizing the best interests of beneficiaries. Their personalized approach and flexibility often set them apart from institutional trustees. However, without the support of dedicated trust operations departments or specialized systems, independent trustees face unique challenges—particularly in maintaining…
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The Corporate Transparency Act: What Businesses Need to Know Amid Legal Uncertainty
Update as of February 21, 2025: The Corporate Transparency Act is now enforceable following a federal court decision on February 17, 2025. The deadline for most businesses to file Beneficial Ownership Information (BOI) reports has been extended to March 21, 2025. For more details, see the updated section at the end of this article. The…
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The Incoming Trump Administration’s Impact on Wealth Management
As President Elect Donald Trump prepares to return to the White House following his re-election, the trust and wealth management industry is poised for significant changes. With the GOP now controlling both the Senate and the House, and a Supreme Court reshaped by Trump’s three appointments, his administration is likely to wield considerable influence…
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Straight Arrow Solutions Partners with FiPar and HWA International to Transform Trust Management for Independent Trustees
Straight Arrow Solutions, headquartered in Atlanta, is proud to announce a dynamic partnership with FiPar Financial, Inc. and HWA International, Inc., designed to revolutionize the trust management landscape for individual trustees. The partnership enhances services for trustees managing ultra-high net worth and Family Office legacy wealth. Straight Arrow Solutions offers custom back-office trust operations solutions,…
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Preparing for T+1 Settlement in the Securities Industry – More than Compliance
As the countdown to the Memorial Day weekend, marking the transition to T+1 settlement, draws closer, the impending change looms large over firms worldwide. Several months ago, I had the privilege of addressing the Texas Banker’s Association regarding this transition within the securities industry of settling trades on T+1, the day after the trade…
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Straight Arrow Chronicles
Hello! I’m delighted to welcome you to the debut of the Straight Arrow Chronicles, where we unravel the complexities of finance, trust, and wealth management. I will share with you news that affects our industry that you need to be aware of, along with tips and tricks to make it better. I’m often asked how…