NEW! – Accredited Trust Operations Professional (ATOP) Training
Our Accredited Trust Operations Professional (ATOP) training program helps professionals to study and prepare for the ATOP exam. The program consists of three courses (that takes 9 days), with an additional 2-day review and one exam day for a total of 12 days. It can be completed as quickly as one year or extended over a period of time.
Session 1
I. Introduction to the Trust Business
- Background of Fiduciary Law
- Various types of Fiduciary Relationships
- Estate Planning and Tax Consequences
- Gifts
- Holding Title to Assets
- Account Acceptance
- Activities that Create Fiduciary Liability
Session 2
II. Organization of the Operations Function
- How are you set up?
- Outsourcing
- Trust Operations Committee (TOC)
- Conflicts of Interest
- Fiduciary General Ledger
- General Ledger
- Deposit Collateralization
- On-Line Posting
- Accounting—Dividends, Interest, Etc.
- Transfers
- Redemptions
- Disbursements
- Check Processing
- Client Statements and Periodic Accountings
- Court Accountings
- Fee Collection
- Note Collection
- Reconciliation
- Securities Setup/Distribution/Lost
- Vault
- SMAC
- Dual Control
- Depositories
- Trade Settlements
- Failed Trades
- Capital Changes, Maturities, Conversions, Tender Offers
- Mutual funds
- Worthless Securities
- Registration of Securities
- Nominee
- Proxies
- Security change notification
- Collective Investment Funds
- Selecting an Automated Accounting System
- Disaster Recovery Plan
- Record Retention
III. Form Design
Session 3
IV. Regulatory Information — The Audit — How to survive it
V. Developing a Procedures Manual that Compliments your Policy Manual
Recap and Review at the end of each session
Practice Exams
Exam Review
ATOP Examination
Benefits of an ATOP Certification:
- Comprehensive program covering all aspects of trust operations and not merely securities processing
- Clearly understand the audit perspective of the operations position
- Program is not system specific and dedicated purely to trust operations
This training can be done individually or through AccuTech University.
To view first-hand testimonials on the benefits of training, please click on the following link:
AccuTech University
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