For over 100 years, Commerce Trust Company, a division of Commerce Bank, has helped individual investors, their families, and institutions reach their financial goals by listening to their needs, offering solutions, and providing objective guidance along the way. Learn more about how we can help you.
Hereof, is Commerce Bank a fiduciary?
Trust and Custody Services
We provide a complete range of fiduciary, safekeeping, and custody services – and capitalize on our 100 years of experience as corporate trustee and independent custodian – to protect your portfolios.
Also, is Commerce Bank a good bank?
St. Louis, MO – February 14, 2019 – Commerce Bank is the top-ranked Missouri bank on Forbes’ America’s Best Banks 2019 list — one of the most respected lists in the industry. Overall, Commerce was ranked 17th in the nation.
How much money do you get for wealth management?
Wealth managers normally earn their income by charging a percentage of the assets they manage—generally around 1% annually, but it depends on the firm. If you have $5 million worth of investments with a wealth manager who charges a 1% fee, you‘d pay them $50,000 in commissions to advise you each year.
Fidelity also offers a simpler “wealth management” service, where you work with an individual advisor and requires a $250,000 account minimum. Vanguard, another online brokerage, offers a range of financial advice services; the one it describes as “wealth management” requires a $5 million minimum.
|Industry||Bank holding company|
|Fate||Acquired by TD Bank, N.A.|
|Headquarters||Cherry Hill, New Jersey, U.S.|
Commerce Bank Account Features
The first is a low minimum deposit – with the exception of its CDs and retirement accounts, no Commerce Bank account has a minimum opening deposit greater than $100. … For instance, a minimum monthly deposit of $25 is enough to avoid the fee for a myRewards Savings Account.
$1,000 per business day