Sundry Asset Management Services

Related Information Sundry Asset Management Services What Does Managing Sundry Assets Involve? Oil, Gas, & Mineral Interests Timberland Farm and Ranch Commercial and Residential Real Estate Closely-Held Businesses Trust-Owned Life Insurance

Your institution realizes its best customers own Sundry Assets, and it wants to meet their needs. What services must the institution offer? Valuation services, of course (SPARDATA is the leading provider); but usually owners need help managing oil, gas, and mineral investments, real estate, farms and ranches, timberland, privately-owned businesses, etc. Your institution must be able to offer management services too.

Build Or Buy? Your institution must decide whether to offer Sundry Asset management services with in-house expertise (i.e. build the capability); or whether to utilize outside vendors (i.e. buy the capability). Which option is best? Both have strengths and weaknesses. The benefits of building an in-house Sundry Asset management capability include insuring your institution has 100% control over the Sundry Asset staff; and that its priorities are congruent with the bank’s management. The downsides are the high cost (people with Sundry Asset expertise are rare and expensive); the difficulty (assembling a staff is hard to do); and the risk (beware the many regulatory and compliance pitfalls).

For these and other reasons typically only the largest financial institutions (e.g. Bank of America, US Trust, Wells Fargo, Wachovia) tend to build in-house Sundry Asset management capacity.

The benefits of using outside vendors to manage your customers’ Sundry Assets include reduced cost, convenience (no need to hire, train and supervise staff) and risk avoidance (the vendor is responsible for insuring compliance). The downside is the loss of control, as well as time spent managing the vendor relationship(s). For these reasons institutions for whom Sundry Assets are not a core competency (as well as those for whom it might be sometime in the future, but are now “just dipping their toes in the Sundry Asset pond”) usually outsource to third-party vendors.

"Best of Breed" Service Providers. So who are the best Sundry Asset management service providers? Oftentimes SPARDATA’s valuation service clients ask us to recommend “best of breed” service providers for specific types of Sundry Assets, so we continually evaluate the players and endorse those we believe do the best job – AND who are willing to make their expertise available to other financial institutions on a contract basis. (Full disclosure: these firms may pay SPARDATA a referral fee.) If you seek Sundry Asset management expertise, call us at 800-895-4100 x107. Tell us what you are looking for, and we would be happy to put you in touch with companies that may be able to help you.

	1. How many sundry assets does your institution hold (approximately)? 10-99 100-999 1,000+ 2. What types of accounts are they held in? ERISA IRA Trust Other (Specify) 3. How are they being valued now (e.g cost, $1, book value)? 4. How did you hear about SPARDATA?  Contact Information First Name: Last Name: Company: Address: City: State: Zip: Company Website : Phone: Email: I have read, understand and agree to SPARDATA's privacy policy.