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The private trust company comes back on shore ? in the United States
The International Family Offices Journal
Vol. 1 - Iss. 1 pp. 43–53
Sep 2016
Confusingly, the term ?private trust company? is applied to two types of trust companies: commercial firms that serve the wealthy, ?private? clientele also served by ?private? banks; and truly private firms that are owned by and serve only a single wealthy family. To emphasise its single-family focus, the latter are now often referred to as ?private family trust companies? (PFTCs).