Fidelity Personal Trust Services

Personal Trust Services

Date

Speaker Title

Not FDIC Insured May Lose Value No Bank Guarantee ? 2021 FMR LLC. All rights reserved.

Why Personal Trust Services?

Personal Trust is part of Fidelity's holistic planning value proposition, and is attractive to new and existing clients with the ability to maintain assets over multiple generations

More financial representatives are using the Fidelity solution*

30% increase

2014

2021

* Fidelity Institutional? (FI), reporting based on firms using FI trust services 2017 through 2021. Based on our full spectrum of Trust Services: Administrative Trustee Service, Agent for Trustee Service, Trust Reporting Service and Trustee Match Program.

2 For investment professional use only.

521832.19.0

Personal Trust Services Overview

Spectrum of Personal Trust Services*

Administrative Trustee Service

Fidelity Personal Trust Company (FPTC) is appointed to be corporate trustee

Agent for Trustee Service

Trustee needs assistance with trust administration duties and appoints FPTC to act as agent

Trust Reporting Service

Investor/trustee needs principal and income and/or assets held away included on statements and online portals along with a net income payment feature

Trustee Match Program

Network of trust companies available to act as corporate trustee

Intermediaries retain investment management responsibilities and custody assets on Fidelity platform

* Please see the Disclosure slide for important information on these services.

3 For investment professional use only.

521832.19.0

Administrative Trustee Service Overview

Managing trust administration and client relationships can be challenging

Financial Representatives can focus on relationships...

...while Fidelity Personal Trust Company takes care of trust administration

End Customer

? Hires financial representative

? Selects Fidelity Personal Trust Company, as trustee

? Works with attorney to create trust

Financial Representative

? Maintains relationship contact for investment management services

? Provides investment management to trust*

Fidelity Personal Trust Company

? Assigns dedicated trust officer to oversee fiduciary responsibility of trust

? Provides administration as directed by trust agreement

? Prepares tax return

Fidelity Brokerage Services LLC/ National Financial Services LLC

? Provides integrated trust and brokerage platform

? Custody and investment products

With Fidelity as corporate trustee, you may have more time to build a better relationship with your client

* Following firm enrolment process.

4 For investment professional use only.

521832.19.0

Agent for Trustee Service Overview

Assists trustee with administration of the trust

Financial Representatives can manage assets...

...while Fidelity Personal Trust Company assists the trustee

Trustee

? Retains fiduciary responsibility

? Hires Financial Representative

? Hires Fidelity Personal Trust Company as an agent

Financial Representative

? Maintains primary relationship contact

? Provides investment management to trust*

Fidelity Personal Trust Company

? Assigns dedicated trust officer to assist the trustee

? Provides administration as directed by trust agreement

? Offers bill payment services

Fidelity Brokerage Services LLC/ National Financial Services LLC

? Provides integrated trust and brokerage platform

? Custody and investment products

* Following firm enrolment process.

5 For investment professional use only.

521832.19.0

More time to manage trust assets for the trustee

Trust Reporting Service Overview

Fidelity's Trust Reporting is quick and simple to set up, with easy access to wealth management for your client

Trust Accounting

? Accounting of principal and income for trust accounts

? Balances and transactions reported on brokerage statement and online channels

? Financial Representatives ability to select principal and income at the time of distribution

? Predefined default allocations

Assets Held Away

? Capability to report on assets custodied away from Fidelity

? Available on all account registrations

? Financial Representative-provided values display on brokerage statements and online channels

Net Income Payments

? Calculation of net income payments according to desired amounts and frequency

? Automatic distribution of net income payments, per defined schedule

6 For investment professional use only.

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Trustee Match Program Overview

Fidelity helps to address even the most complex of investor needs by pairing them with a network of trust companies

Financial Representatives benefit from being able to find an alternative trustee...

...and the Trustee Match Program gives Financial Representative access to a number of national firms

End Customer

? Hires financial representative

? Selects participating firm to act as trustee

? Works with attorney to update trust

Financial Representative

? Maintains primary relationship contact

? Provides investment management to trust

? Researches trust companies using website

Trust Company

? Provides trustee and administrative duties as directed by trust agreement

? Delegates investment management to Financial Representative

Fidelity Brokerage Services LLC/ National Financial Services LLC

? Provides brokerage platform

? Custody and investment products



7 For investment professional use only.

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Trust Services Comparison

Administrative Trustee1

Provide principal and income accounting

Support reporting of assets held away

Custody assets via brokerage platform

Supply a dedicated senior trust officer to work with you and your client

Administer the trust in accordance with its terms

Make discretionary and nondiscretionary distributions to beneficiaries

Pay trust expenses

Facilitate preparation and filing of federal and state income tax returns

Calculate distribution amounts--trust income and/or unitrust payout

Conduct annual reviews

Agent for Trustee1

* * * * * *

Trust Reporting Service2

Trustee Match Program3

Services may vary and

are provided by the

selected trust

company. Participating

firms are subject to

change and currently

include:

? Arden Trust Co

? Colonial Trust Company

? Comerica Bank & Trust, N.A.

? Midwest Trust

? Premier Trust

? RBC Trust Company (Delaware) Limited

*

* Actions are taken at the direction of the trustee, who maintains overall responsibility for administering the trust.

Net income only is systematically calculated by Fidelity, all other actions are taken at the direction of the trustee. 8 For investment professional use only.

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POTENTIAL BENEFITS OF WORKING WITH FIDELITY

For Your Clients

? Maintain their preferred investment broker/advisor for trust assets

? Administration from New Hampshire a premier jurisdictions for trust administration

? Fidelity-branded experience

For You

? Full suite of services to meet any client need

? Maintain control over investable assets

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