Keeping Family Trust 

DATE: June 2011
PUBLICATION: Financial Advisor
By Mary Rowland

New Hampshire leads the way among states using generous new laws to compete for family trust business.

In October 2010, Ned Johnson, the CEO of Fidelity Investments in Boston, moved his family office—Crosby Advisors—three miles across the state border to Salem, N.H. His may be one of many such moves when family offices across the country discover how the Dodd-Frank law will limit their freedom. (Crosby is Johnson's middle name.)

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Mass. loses trust of rich. Low-tax N.H. grabs billions, high-pay jobs

DATE: Tuesday, April 5, 2011 

PUBLICATION: Boston Herald.com | Business & Markets 

By Greg Turner

Trust companies are cropping up like tax-free liquor stores in southern New Hampshire as wealthy families from Massachusetts and other states make a run for the border with their personal assets.

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With no one looking, Fidelity chief moves family firm, riches In New Hampshire we trust

DATE: Monday, April 4, 2011 

PUBLICATION: Boston Herald.com | Business & Markets 

By Greg Turner

A clandestine company that manages billions for Fidelity Investments chief Ned Johnson and his family has quietly pulled up stakes from Boston’s Financial District, leaving the Bay State behind for New Hampshire and its beneficial trust and tax laws, the Herald has learned.

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Banking on Trust

DATE: November 7, 2010 

PUBLICATION: New Hampshire Sunday News (Manchester, NH) 

By DENIS PAISTE New Hampshire Union Leader 

MANCHESTER — Changes in trust company law since 2006 have brought nearly a dozen new players to New Hampshire.

“Prior to 2006, there were only 16 chartered trust companies in New Hampshire, and in the past five years, 11 new ones have been chartered,” Paul Montrone, president and CEO of Perspecta Trust in Hampton, said in a recent interview.

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