Agency accounts differ from trusts in that title to the assets in
the agency does not pass to the trustee, but remains in the name of
the owner of the property, who is referred to as the principal.
First National Bank of Fort Smith offers two types of agency
accounts - managed agency accounts and custodial agency accounts.
Managed Agency Accounts
By opening a managed agency account in our Trust Department you
can receive the exact type of professional asset management that our
trust beneficiaries receive without the necessity of a trust. Has
your investment portfolio been tailored to achieve your specific
investment objectives? Does your investment strategy take into
consideration your risk tolerance, time horizon, tax situation and
liquidity needs? Have your investment decisions been governed by a
proven investment discipline? Has your investment portfolio been
properly diversified to avoid unnecessary risk? The Trust
Department, through our agency accounts, can insure that all of
these essential elements of your investment program have been
addressed and you can rest assured that a proven long term
investment discipline has been tailored to your specific needs.
Custodial Agency Accounts
By opening a custodial agency account in our Trust Department
you can experience security and simplification by consolidating
most, if not all, of your assets into a single account. Just think,
one tax report as opposed to 10 or 15! Someone you can trust to
account for your assets, collect the income, pay your bills, insure
tax and insurance payments are made in a timely manner and provide
many other services. The investment of these funds are directed by
you. However, you would enjoy the reduced commissions and better
pricing that the Trust Department receives due to its institutional
relationship with some of the world's largest brokerage firms. We
see this account as being a stepping stone to other types of
accounts that we offer i.e. Managed Agency or Living Trust.