Trustcompare analyzes performance from several perspectives. From one perspective, trust performance benchmarking involves measuring and comparing assets, income, expenses and profits to your peers and your industry. From another, it considers your financial impact on the organization as a whole. This includes your contribution to the bank or holding company.
The Trustcompare report provides a detailed summary of your key metrics. This includes performance benchmarking to your peers by revenue size and operations model. Additionally, you are benchmarked against all Trustcompare subscribers (a sample of our overall industry).
You will receive a physical and PDF version of the report. The PDF version will allow you to extract individual graphs for inclusion in presentations to your management or Trust Committee. Additionally, our expert team is available to go over the results with you.
Certain people in your organization may have exclusive access to data we ask for. For this reason, multiple members of your staff can have access to our SSL encrypted online data entry system. In most cases, we ask for detailed information for the most recent 2 years and totals for the latter 3 years.
We are very serious about data security. Our data entry website is accessed using a username and an encrypted password. Passwords are not stored online except as encrypted data. In addition, there is no subscriber-identifiable data stored on the website (subscribers are identified only by a number, while all identity information is saved on a server located behind our corporate firewall). Our data entry site features SSL encryption on all transactions; your browser will display a lock icon when you are at the site.
Your data is only presented to other subscribers in the aggregate, as part of a peer, affinity, or universe group. We will not reveal your data to another subscriber in a non-aggregated form. We treat your data with the same care and concern that we handle our own proprietary data-our success depends on your confidence in our ability to keep your data private and secure.
Very relevant! We have provided for fully integrated organizations in the date input process that will allow comparisons of key metrics within this model.
Very relevant! We have data points and output just for Trust Companies.
All participants will be compared to their peers as well as the entire universe. Your peer group will be composed of organizations of similar size based on revenue. The first screen for your peer groups is size based on revenue. The second screen will allow us to omit from your peer group any organizations we deem significantly dissimilar in model or market. In addition, there may be further comparisons to affinity groups.
This is the person that gathers the information for input into Trustcompare. The data coordinator should have a good overall knowledge of the operation and the different data types that are available, including the Trust Accounting and Financial systems.
If you are a first-time subscriber, it will take some time to gather and enter all the historical data. If you are a returning subscriber, previous data you entered is saved and data entry takes approximately 30 minutes.