If you have several church bond investments with various maturities and/or different paying agents it may be difficult to monitor your portfolio and keep your funds fully invested.   Wouldn't it be nice to have all the information reported on one consolidated statement?

Live the simple life ...

With a TMI ASA Account

Trust Management Inc.’s Asset Services Account (ASA) allows you to manage your church bond investments in one consolidated account. There are no cash contribution limits or minimum balances for an ASA Account, giving you more flexibility to control the level of your investments to meet your personal financial needs.

Trust Management Inc. is an independently owned Texas Trust Company founded in 1954 to service Church bond issues. Servicing church bond issues and related accounts is our specialty. TMI is audited regularly by independent auditors, and is regulated by the Texas Department of Banking.

What is an ‘ASA’?

ASA is a Custodial account whereby Trust Management holds your church bonds. Interest and return of principal is posted to your account into an interest-bearing money market fund until further reinvestment instructions are received.

What are the Benefits?

There are several benefits to having your church bonds held in an ASA Account, such as….

• Consolidation of your church bond investments into one, easy to read, statement showing current balances for both simple and compound interest bonds.

• Interest paid by your church bond investment is automatically reinvested into a money market fund; so your interest is earning interest!

• TMI will hold the investment certificates.

• Holders of Compound interest bonds generally do not receive statements showing the accrued interest, but with an ASA account the compound interest accretions are posted and reflected on your statement so you see how your investment is growing.

• No Account or Cash Minimum Balances.

• No Transaction Charges or Withdrawal fees.

• ASA Customers will receive Advice Notices whenever a bond is Purchased, Matured, Prepaid or Sold.

• ASA customers have the option of scheduling automatic contributions and with withdrawals through ACH Payment Authorizations.

• You and your broker can access your account information daily to ensure the funds are invested per your wishes.

How can I access my account?

ASA Account holders will receive Quarterly Account Statements showing their investments and transactions. You can also monitor your account through our Interactive Voice Response (IVR) system by calling (888) 839-4472 or by logging onto our website at www.tmico.com and choosing ASA Account Access tab.

As always, TMI’s friendly staff is available Monday through Friday between 8:15am and 5:00pm Central Time to answer any questions you may have.

What Fees are involved?

TMI charges $35.00 per year for servicing the account. You can choose whether to have the fee invoiced or to have the fee deducted from the cash available in your account. TMI may also collect from the interest earned, a Cash Management Sweep Fee of .75% (0.0075) for money swept into the Money Market Fund. TMI does not charge additional fees for purchases, withdraws, sales or maturities.

What are the tax consequences?

As always, you should consult with a tax advisor before making any investment decisions. Interest on Church Bonds is taxable for most investors. TMI will forward to you all 1099 tax forms and other tax reports we receive concerning your investments.

How do I open an ASA Account?

Simply fill out TMI’s ASA Account Agreement form and mail it to TMI. If you have existing bonds that are to be deposited into your new ASA Account, just follow the Transfer Procedures outlined in the account agreement.

For more information about our ASA services or to order an ASA kit, call us at 1-800-580-2933. We can forward our ASA kit directly to you or to your financial advisor. You may also choose to download the ASA kit or order it online. If you have any questions, one of our account specialists will answer all of your questions and guide you through the procedures every step of the way. 

DOWNLOAD ASA FORMS

Note: If you can't download and print the literature available on our site, please fill out our Information Request Form to receive them in the mail, or call 1-800-580-2933 anytime.

Trust Management, Inc.
901 Summit Avenue
Fort Worth, TX 76102
Tel: (817)335-2933  Fax: (817)335-8434
E-mail: Info@Tmico.Com

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