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5 Ways Trust Administration Software Can Help You Manage Beneficiary Finances

5 Ways Trust Administration Software Can Help You Manage Beneficiary Finances


There’s a lot to keep track of when it comes to managing funds for individual and pooled trust beneficiaries. Distribution requests and approvals, court reporting, compliant recordkeeping for receiving public benefits, budgeting – professional fiduciaries and trustees do it all. But that doesn’t mean you have to do it alone. 

Using trust administration software can help you streamline your processes and save you time. Here are five ways a platform like True Link Financial’s* can help you manage finances across your beneficiaries.

1. Manage everything in one place

Instead of working from multiple spreadsheets or tools, streamline your workflows with all of a beneficiary’s or trust’s information in one place.

2. Save time on cash management and distributions

Fiduciaries and trustees can spend a lot of time handling disbursement requests, approvals, and payouts. With software like True Link’s, you can pay bills, disburse funds, and manage budgets efficiently, giving you more time to focus on serving your clients.

3. Built-in recordkeeping and reporting capabilities

Trusts and other fiduciary vehicles often come with a number of reporting and recordkeeping requirements. Using a trust administration platform can help you simplify your accounting and reconciliation and quickly access the reports and records you need.

4. Setup team workflows with the right level of permissions

When you have multiple people in your organization helping you manage several trusts, it’s important to have efficient, compliant processes. Software like True Link’s will allow you to customize individual roles and levels of access to help you establish clear workflows and protocols for disbursements, deposits, and more.

5. Streamline beneficiary communication 

With a trust administration platform like True Link’s, you can activate a beneficiary portal and grant access to beneficiaries and their advocates. Through this portal, they can view statements and request distributions online, instead of over the phone.  

One more thing that’s great about True Link’s Trust Administration Software — it’s included free of charge for all investment* clients. Click here to schedule a demo and learn more

Download True Link Financial Advisors' Investment Philosophy brochure here.

Investment Management Services are provided through True Link Financial Advisors, LLC, (the “Adviser”) an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) and wholly-owned subsidiary of True Link Financial, Inc. (“True Link Financial” and, together with the Adviser, “True Link”)  Registration with the SEC does not imply a certain level of skill or training nor does it constitute an endorsement of the advisory firm by the SEC.  Adviser only provides investment management services upon entering into an Investment Advisory Agreement (IAA) with a client.  With respect to pooled trust clients, upon entering into an IAA, the client is the trust; beneficiaries of the trust are not investment advisory clients of Adviser. Nothing contained on this website should be considered an offer to sell or a solicitation to buy any securities. Non-deposit investment products are not insured or guaranteed by the FDIC or any other government agency, are not obligations of any bank, and are subject to risk,  including loss of principal.

True Link Financial, Inc. provides the trust administration software and record-keeping platform as well as the True Link Visa Prepaid Card and associated software platform.

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