Heritage Trust Takes Four-Step Approach to Planning and Engagement

Heritage Trust  pic
Heritage Trust
Image: heritagetrust.com

    The former general counsel and senior vice president of Devon Energy Corporation in Oklahoma City, Duke Ligon is a legal professional with years of experience in corporate litigation. In addition to his current role as the owner and founder of Mekusukey Oil Company, Duke Ligon maintains a position as a member of the Board of Directors of the Heritage Trust Company, a privately owned trust bank also located in Oklahoma City.

Founded in 1998, Heritage Trust is responsible for the management of $15 billion in assets. The company operates with the goal of establishing positive, personalized relationships with clients, and takes a four-step approach to the engagement and planning process, as outlined below.

1. The planning begins with the execution of agreements. On the first day of dealings, the professionals at Heritage Trust focus on establishing a client’s trust or agency agreement, arranging for the transfer of assets, and completing the necessary paperwork.

2. Over the next two to four weeks, Heritage Trust employees work alongside clients to discuss account objectives, financial plans, and a questionnaire on risk tolerance before making asset investments as detailed in the client’s personalized plan.

3. As the partnership progresses, Heritage Trust maintains consistent communication with the client by producing monthly statements, releasing performance reports once per quarter, and taking the initiative to reach out and discuss decisions about the direction of a portfolio proactively.

4. At the year mark, Heritage Trust presents an annual review, in which the performance of a client’s portfolio is judged, financial plans receive updates, and investment objectives can be reviewed and changed as needed.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s