Unlike financial institutions that also serve as dealers or underwriters for fixed-income securities, U.S. Trust acts purely as an agent for its clients. We never trade for our own account, thus avoiding any conflicts of interest. If a trade, in our opinion, does not offer the best value for the client, it is not executed. Additionally, clients pay no commissions or mark-ups when we buy or sell, thus reducing the expense of active management. Past performance may not be indicative of future investment results.
Any investment involves potential risk, including potential loss of capital.
Before making any investment decision, please consult your legal, tax and financial advisors. If you are interested in receiving further information about these services, U.S. Trust can send you printed materials. All rights reserved.