Trust Account Product Life Cycle

Workflow Template

Trust Account Product Life Cycle

This workflow template illustrates the initiation, maintenance and closing of investment trust accounts. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Trust Account (Product Life Cycle) processes.


What is Trust Account Product Life Cycle?

The Trust Account (Product Life Cycle) process involves the initiation, maintenance and closing of investment trust accounts. This process includes the reception of customer trust account related inquiries, product needs analysis, customer risk assessment, account opening, asset allocation, informational change request processing (ensure that customers are informed once the change has been made) and account closing. Once the account has been closed, it is recommended that all asset transfers are tracked to ensure they have been distributed correctly.


Download a Sample Trust Account Product Life Cycle

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