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Trust services and fiduciary services

Trust services and fiduciary services

Strong oversight and the highest standards of governance.

Principal® Custody Solutions provides scalable trust and fiduciary services supported through a flexible service model.

To help you meet day-to-day obligations as a fiduciary, we build long-term relationships with your account holders through our asset servicing and investment management products and services. We’re here to learn and understand your organization—from how we can support your operational model to your short- and long-term goals. 

Could a custody account be right for you?

How a custody account with Principal® differs from a brokerage safekeeping account.

Institutional trustee and fiduciary services include:

  • Facilitation of master trust accounting
  • Ability to act as directed trustee
  • Collection of interest and dividends for all held securities
  • Notification and processing of voluntary, mandatory, and corporate actions
  • Collection of principal and interest on called bonds, redemptions, and maturities
  • Monthly statements and online reporting with secure, 24/7 system access
  • Participant 24/7 online access
  • Process and distribute benefit payments
  • Support for participants through the Engagement Center

We can act as your trustee for retirement plans including VEBAs, 401(k) plans, profit sharing plans, money purchase pension plans, and deferred compensation plans. We help safeguard your investments and provide fiduciary guidance to assist you with meeting your responsibilities.

We can also work with you to help manage your assets and offer Section 115 or VEBA trust document services under GASB. We provide trust services to help public sector employers set aside funds for future benefit obligations.
Reach out

Have questions? Let’s talk.

See how Principal® Custody Solutions could help you reach your unique goals.

Request to speak with a specialist

If you are either a retirement plan participant or retiree with a payment question, call our Engagement Center between 7 am and 5 pm CT at 877-877-1207 for help.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice, or tax advice. You should consult with appropriate counsel, financial professionals and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. The information shown is not intended to provide any suggestion that you engage in or refrain from taking a particular course of action.

OCIO solutions and LDI solutions are provided by Investment Solutions, an advisory team within Principal Asset ManagementSM. Principal Asset Management leads global asset management at Principal®.

Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company.

When Principal Custody Solutions is providing investment management services, Principal Custody Solutions serves as the investment manager or discretionary trustee but leverages the investment expertise of Principal Asset Management. Customers may also contract directly with Principal Asset Management for investment management services. In those instances, Principal Custody Solutions serves solely in a custodial or trustee capacity. Please refer to your underlying service agreements for details.

Principal Global Investors, LLC is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA), a commodity pool operator (CPO) and is a member of the National Futures Association (NFA). Principal Global Investors advises qualified eligible persons (QEPs) under CFTC Regulation 4.7. Principal Asset Management is a trade name of Principal Global Investors, LLC.

Insurance products and plan administrative services provided through Principal Life Insurance Company®.

Principal Life Insurance Company, Principal Global Investors®, Principal Bank, and Principal Trust Company are members of the Principal Financial Group®, Des Moines, Iowa 50392.

Investment and insurance products are:

  • Not insured by the FDIC or any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, Principal Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

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