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. Along with white-glove banking support services, Stretto provides clients a deposit dashboard with consolidated account balances and transaction activity across all network banks. 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 team has extensive expertise across a wide breadth of transactions including:
■ Assets Sales / Section 363 Sales
■ Class-Action Settlements
■ Contingency Planning Efforts
■ Liquidating Trusts
■ Litigation Trusts and Settlements
■ Paying Agent
■ Plan of Reorganization Disbursements
■ Professional-Fee Escrows
■ Rights Offerings
■ Section 345 Compliance
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 cash and transaction-management needs.
Stretto’s deposit dashboard provides consolidated account balances and transaction activity across all network banks while our proprietary platform produces financial-transaction reports in compliance with state and federal requirements. Our 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:
■ 1099 / W-2 Reporting
■ Account Reconciliation / Reporting
■ Check / Wire / ACH Disbursements
■ Claim-Payout Calculations
■ Deposit Dashboard Access
■ Depository Accounts
■ Escrow Accounts
■ Interest Earning Accounts Available
■ Practical Guidance and Instruction
■ Professional-Level Client Service
■ Rapid Account Activation
■ Regulatory Compliance/Security
■ UST-Approved Bank Partners
Stretto provided customized banking and cash and transaction-management services to support the company’s restructuring efforts. Stretto outlined and proposed an effective banking solution that met iHeart’s particular cash and transaction-management needs and worked with the company and its professionals to implement the approach.