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The Strengths of Nevada Trust Company

Since it was founded in 1995, Nevada Trust Company (NTC) has served a wide range of sophisticated and demanding institutional, trust and individual clients. The expertise of our people allows us to provide our clients with financial advice, integrated solutions and intelligence that is rarely available from one source. The core of our strength is our people.

Our powerful resources have been acquired from substantially larger institutions and are wrapped by the delivery of services that underscore the human scale of our business. We have performed strongly during, and emerged even stronger from, the financial crisis that challenges our country. The financial services and investment performance we provide to clients has been and continues to be superior.

We believe that we are redefining our category in the financial services industry by applying breakthrough solutions to strategic transactions and relationships and by offering innovative strategies that result in new opportunities for our individual and institutional clients.

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Company History

Peter Kingman, a 20-year veteran of Northern Trust Company, established Nevada Trust Company in February 1995 as a Nevada corporation created to provide market leading trust and investment management services to a specific, fast growing demographic segment of the population in Las Vegas. As NTC matured, we expanded to serve clients across the United States and internationally. Concurrent with our growth, Nevada has become recognized as the leading domestic situs for asset protection trusts and an attractive corporation domicile.

NTC’s demonstrated competencies combined with its Nevada location have transformed Nevada Trust Company into a service provider with a national focus and an increasingly large number of clients seeking wealth management solutions in a location offering advantageous privacy, enlightened asset protection and favorable tax statutes.

Competitive Distinction

Nevada Trust Company differentiates itself in the following ways:

Clients Work Directly with the Owners. Nevada Trust Company has a flat organization to encourage direct and frequent contact with clients. We do not utilize call centers or sales people. The owners of Nevada Trust are actively involved in all client relationships.

Complex Asset Administration and Management. Virtually all investment firms, such as broker-dealers and RIAs, will by policy handle only conventional assets like cash, stock and bonds. Unlike NTC, many do not have the interest, expertise, systems or personnel to administer complex assets like real estate, investments in closely-held companies and private collections in addition to conventional assets. Similarly, many competitors in the trust industry are increasingly reluctant to work with these more complex assets and therefore do not provide such services to their clients.

Advantageous Cost Structure. Due to its low overheads and efficient operations, Nevada Trust Company is able to profitably engage with smaller clients that many direct competitors are steadily eliminating from their client lists. NTC can address the middle market and provide a higher level of customer service at lower costs to clients.

Broad Management Experience and Expertise. Nevada Trust Company’s management offers a wide range of backgrounds with extensive experience across various industries and geographies. These diverse backgrounds allow us to effectively engage in assisting clients in resolving problems ranging from issues such as legal disputes to managing significant ownership positions in closely-held companies, creating corporate finance solutions, providing venture capital counsel and involvement as well as intellectual property matters, to name only a few. Most competitors have personnel who have worked solely in banking and/or the trust industry and are thus not always able to provide a broad perspective to assist clients with their diverse, complex investment, asset management, or business needs.

Strategic Alliances. Since Nevada Trust Company is entirely independent, management has the freedom to establish strategic relationships with firms offering unique products and services not available to the general public. Such services range from investments in top quintile, actively-managed investment management partnerships to asset protection and tax planning services. NTC associates with the best-in-the-business rather than being captive to its own in-house services.

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Company Management

Peter H. Kingman, President:

In addition to serving on the Board of Directors and managing NTC, Peter is the firm’s chief investment officer, investment analyst, researcher and strategist, leveraging a 40-year career in investment management, trust, corporate finance and banking. Previous to founding NTC, he held various management and executive positions during a 20-year career with Northern Trust Company in Chicago, New York and London. Currently he supports Ducks Unlimited as Assistant Treasurer, member of the Finance Committee, and Co-Chairman of the Investment Subcommittee. He is also presently Trustee and Treasurer of the Desert Wetlands Conservancy, Las Vegas and Advisory Director and member of the Endowment Committee, Personnel Committee, and Finance Committee for the Nevada Ballet Theatre .

Master of Management, Kellogg School of Management, Northwestern University; Bachelor of International Management, Thunderbird School of Global Management; and Bachelor of Business Administration, University of Colorado.

Certified Financial Planner™.

James M. Kriss, Vice President:

In addition to serving as Secretary of Trustar and NTC, James manages the administration of all accounts at NTC including the execution of trades, management of cash flows and all reporting and compliance. He also sits on the Trust Investment Committee and is very active in investment research and selection. He has an 18-year career in trust and banking in Las Vegas including 7 years as a trust administrator at Wells Fargo where he managed from 250 to 530 trust accounts in various states across the western U.S. Previously he was assistant manager responsible for all tellers including training, branch reporting, and audits; and a lead teller in retail banking at First Interstate Bank.

Bachelor of Business Administration, University of Nevada Las Vegas. Graduate of Cannon Financial Institute.

Awarded the Certified Trust Financial Analyst (CTFA™) designation by the American Bankers Association.

David H. Thorson, Vice President:

David is responsible for developing and managing client relationships and expanding NTC’s customer base. He sits on the Trust Investment Committee and the Board of Directors. His career includes 22 years of diverse senior management, marketing, finance and business development experience, with particular expertise in evaluating and developing new business opportunities and managing complex relationships. He held management and executive roles at Ford Motor Company and Hewlett-Packard, respectively, as well as executive roles at three start-up companies in operations, finance, marketing and sales. Throughout his career he has lived or worked in 7 different countries. President of the Las Vegas Thunderbird Alumni Chapter, member of Las Vegas Rotary Club and Trustee of Verde Valley School, Sedona, AZ.

MBA from Escuela Superior de Administración y Dirección de Empresas in Barcelona, Spain; Master of International Management from the Thunderbird School of Global Management; Bachelor of Science in Finance and Economics, University of Arizona.

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Board of Directors

Diana Bennett, Director

CEO and co-founder of Paragon Gaming, which develops and operates gaming properties. Ms. Bennett, a second-generation casino operator, is one of the most effective and respected executives in the gaming industry today.  Paragon Gaming has developed, constructed and/or managed multiple casino properties, including most recently the Riviera Hotel on the Las Vegas Strip. In Canada, the Company owns the Edgewater Casino, the sole gaming property within the City of Vancouver, British Columbia, which has partnered to create a new $535 million world-class urban resort and the new home of the Edgewater Casino. Previously an executive on Circus Circus Enterprises’ leadership team, Ms. Bennett opened and operated several landmark properties, including Luxor and Excalibur. She directed the purchase and integration of new management into one of the icons of the Las Vegas Strip, the Sahara Hotel and Casino, which the Bennett family’s Gordon Gaming Division acquired in 1995. Ms. Bennett is very philanthropic in the Las Vegas community, serving the National Children’s Miracle Network Telethon for the University Medical Center Foundation, the I Have a Dream Foundation, the Las Vegas Springs Preserve and the Black Mountain Institute Foundation at UNLV. She established a fellowship in her name at the University and is a member of the UNLV Foundation.  As President of the Bennett Family Foundation, she supports various youth and women’s organizations throughout Southern Nevada including the Nevada Children’s Center, Child Focus, and Noah’s House at the Shade Tree Women’s Shelter. She serves on the boards of directors of Three Square Food Bank and the Smith Center.  Named repeatedly since 1994 to the Outstanding Women of Nevada, Ms. Bennett was recognized in 2007 as one of the Top Ten Great Women of Gaming in the US.

Bachelor of Science from Arizona State University.

Leonard D. Davenport, Director

Chief Investment Officer, CertusBank, a $1.8 billion asset banking institution. Len is responsible for managing investment portfolio comprising the bank’s capital and assisting with the bank’s growth strategy. Previously, Len co-managed the $10 billion portfolio of U.S. Latin American and Caribbean investments of Royal & Sun Alliance P/C, a global insurance company.

MBA in Finance from DePaul University, Chicago and an undergraduate degree in Finance from the University of Illinois, Champaign, IL.

Chartered Financial Analyst™.

Carolyn M. Sparks, Director

President and co-owner of Insurance Services, Inc., a Las Vegas company Ms. Sparks founded with her husband Kenneth, who is now deceased, in 1966 to serve as insurance adjuster in assessing property damage, risk, values, and liability, and compiling analyses that can affect insurance rates and settlements utilizing professional research, data and information relating to property values, often in conjunction with legal experts in support of a party to litigation. She has served the Las Vegas community on many business, community and non-profit boards, which at present include the Nevada Ballet Theatre, the UNLV Foundation, and the Black Mountain Institute. She was a director of Southwest Gas Company for more than 20 years, including the board of its subsidiary PriMerit Bank, and the Showboat Hotel and Casino for 9 years. Ms. Sparks has served on Nevada's Board of Regents, which governs the Nevada System of Higher Education, and the State of Nevada Taxicab Authority Board.

Bachelor of Science in Speech Communication, University of California at Berkeley.

Peter H. Kingman, Director and President:

In addition to serving on the Board of Directors and managing NTC, Peter is the firm's chief investment officer, investment analyst, researcher and strategist, leveraging a 40-year career in investment management, trust, corporate finance and banking. Prior to founding NTC, he held various management and executive positions during a 20-year career with Northern Trust Company in Chicago, New York and London. Currently, he supports Ducks Unlimited as Assistant Treasurer, member of the Finance Committee, and Co-Chairman of the Investment Subcommittee. He also serves as Trustee and Treasurer of the Desert Wetlands Conservancy, Las Vegas and Advisory Director and member of the Endowment Committee, Personnel Committee, and Finance Committee for the Nevada Ballet Theatre.

Master of Management, Kellogg School of Management, Northwestern University; Bachelor of International Management, Thunderbird School of Global Management; and Bachelor of Business Administration, University of Colorado.

Certified Financial Planner™.

David H. Thorson, Director and Vice President:

David is responsible for developing and managing client relationships and expanding NTC's customer base. He serves on the Trust Investment Committee and Trust Administrative Committee. His career includes 22 years of diverse senior management, marketing, finance and business development experience, with particular expertise in evaluating and developing new business opportunities and managing complex relationships. He held management and executive roles at Ford Motor Company and Hewlett-Packard, respectively, as well as executive roles at three start-up companies in operations, finance, marketing and sales. Throughout his career he has lived or worked in 7 different countries. President of the Las Vegas Thunderbird Alumni Chapter, member of the Las Vegas Rotary Club and Trustee for the Verde Valley School in Sedona, AZ.

MBA from Escuela Superior de Administracion y Direccion de Empresas in Barcelona, Spain; Master of International Management from the Thunderbird School of Global Management; Bachelor of Science in Finance and Economics, University of Arizona.

 

"We believe that we are redefining our category in the financial services industry with breakthrough solutions
to strategic transactions and
relationships by offering innovative strategies that result in new opportunities for our individual and institutional clients.
"
   

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