The February 2025 report outlines the growing momentum behind advisor-friendly trust companies, driven by regulatory shifts, multigenerational wealth needs, and the rise of RIAs. Bank trust’s share in wealth management is shrinking, while demand for unbundled fiduciary services is rising. These trust companies serve as qualified custodians, supporting RIAs in maintaining client control while fulfilling compliance. Workflow automation, API connectivity, and selective outsourcing are enabling scalability. M\&A is a strategic entry point for RIA consolidators, and nearly 60% of advisors now offer trust services, especially in wirehouse channels.

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