Customized Solutions To Meet Fiduciaries’ Day-To-Day Financial-Services Needs
Stretto recognizes the importance of providing fiduciaries with a comprehensive suite of solutions designed to meet their day-to-day financial-services needs. Leveraging long-standing partnerships with a coast-to-coast network of bank partners, we offer Deposit, Disbursement, and Escrow Services.
These multi-faceted solutions meet the unique requirements our clients demand, while streamlining processes and improving efficiency. Fiduciaries rely on Stretto to expertly manage escrow and disbursement needs so they can focus on other substantive aspects of case matters.
THERE WHERE YOU ARE
Stretto’s experts have extensive expertise across a wide breadth of fund categories including:
■ Liquidating Trusts
■ Plan of Reorganization Disbursements
■ Assets Sales / Section 363 Sales
■ Rights Offerings
■ Section 345 Compliance
■ Contingency Planning Efforts
■ Professional-Fee Escrows
■ Litigation Trusts and Settlements
■ Class-Action Settlements
INTERNAL BANKING SERVICES TEAM
Stretto’s Banking Services Team has over 100 years of cumulative financial-institution and bankruptcy-industry experience. Our clients rely on our experts to effectively support their banking needs, allowing them to focus on more substantive aspects of case management and improve productivity.
NATIONWIDE BANK NETWORK
Stretto leverages its long-established network of UST-approved bank partners to offer fiduciaries a financial institution best suited to meet their specific deposit-management needs.
Stretto’s technology solution automatically produces financial-transaction reports in compliance with state and federal requirements to supplement the Monthly Operating Report, as well as automatic account reconciliation. Our proprietary software provides easily accessible claims-distribution reports as well as live check clearing and outstanding check reports.
Utilizing TrustWorks©, Stretto’s proprietary technology, our team can assist with your various financial-services needs including:
■ Rapid Account Activation
■ Escrow Accounts
■ Depository Accounts
■ Professional-Level Client Service
■ Regulatory Compliance/Security
■ 1099 / W-2 Reporting
■ Practical Guidance and Instruction
■ Claim-Payout Calculations
■ Check / Wire / ACH Disbursements
■ Account Reconciliation / Reporting
■ UST-Approved Bank Partners
■ Interest Earning Accounts Available
Stretto provided customized banking and deposit-management services to support the company’s restructuring efforts. Stretto outlined and proposed an effective banking solution that met iHeart’s particular deposit-management needs and worked with the company and its professionals to implement the approach.
Connect With An Expert
Stretto’s experts develop customized solutions to meet clients’ unique domestic or international deposit-management, disbursement, and escrow needs.