Market Street Trust Company

The third quarter of 2024 has been marked by significant economic developments and market movements across the globe. Marc Dizard, CFA, CFP?, Chief Investment Officer, shares his thoughts on global market movements, lingering questions investors may have as we head toward year-end, and more in our latest Market Overview ...

Coaching and mentoring the next generation of talented and committed client service leaders is a passion of ours, and we are thrilled to have recently kicked off this year's Service Excellence Fellowship Program. The class of 2025 stared their journey last month with an incredible in-person orientation, and today we were joined for a remote learning session with Joe Slatter, Founder and Principal of Better Practice?, for a conversation on Next Level Listening. Joe Slatter, thank you for the wonderful session, and thank you to Electives for continuing to provide access to incredible content and speakers!

We would like to extend our sincere thanks to Andrew Share and Shawntel Randi with Nixon Peabody LLP for joining Brendan Mitchell, VP & Chief Fiduciary Officer, our team, and clients, to provide us with an informational overview of the Corporate Transparency Act (CTA) and its disclosure requirements for business entity owners.? Thank you as well to all of those who joined us for this informative webinar; if you should have additional questions regarding the CTA or its disclosure requirements, please reach out to your Market Street Team and we would be happy to continue the conversation!

We are excited to have Kara Garner Pass, President & CEO, join Datos Insights as a panelist to discuss trust services excellence at their upcoming Wealth Management Forum!

Equity Markets Take a Breath What a first half of the year it has been; the S&P 500? closed the second quarter near all-time highs achieving a total of 31 record closes in 2024 as of June 30. While the S&P 500 performed well during the second quarter, the broader equity market did not follow suit. For more from our Investment Team, visit our Insights page for the second quarter Market Overview.

We are thrilled to welcome Marc Dizard to the Market Steet Team as Senior Vice President and Chief Investment Officer. Most recently with PNC Asset Management Group as Senior Vice President and Chief Investment Strategist, Marc brings with him?extensive experience in investment management, building strategic and tactical asset allocation models, managing the evolution of the investment process, driving investment research, and leading teams toward success in the high-net-worth space. “Along with his wealth of knowledge and expertise, Marc approaches his work with a sharp intellect, genuine warmth, and an unwavering dedication to providing an exceptional client experience.?We are confident in Marc’s expertise and excited to have him lead our investment team and strategy with a fresh perspective and an eye on continued success.” – Kara Pass, President & CEO Marc adds, “The convergence of financial markets, investment decisions, and client experience has long been a deep passion of mine. I am thrilled at the opportunity to leverage my previous experience and expertise at Market Street and collaborate with such an exceptional team to serve all the valued client families.” We are excited to welcome you to the Team, Marc!

The time has come for Market Street to bid our esteemed Senior Vice President and Chief Investment Officer, Michael R. Eisner, a fond farewell as he transitions to retirement. Mike has been a pivotal part of Market Street’s long-term strategy and investment program success since joining us in 2007. Under Mike's leadership, Market Street has successfully navigated numerous market challenges with confidence and grace, evolving our strategy to meet changing landscapes while keeping the legacy of our client families at the center every decision. For nearly two decades, Mike has led our Investment Team with exceptional expertise and dedication, contributing significantly Market Street’s continued success at every turn. ? “Mike’s leadership and stewardship of our investment program over the past 20 years have made a huge?impact on both the successes of the past and our prospects for the future. His passion for the investment process, his dedication to our client families and his commitment to the long-term sustainability of Market Street have helped to ensure an enduring legacy for generations to come.” James D. Houghton, Board Chair ? Thank you, Mike, for your long-standing dedication and guidance; we wish you all the best in your next chapter!

A very nice start to 2024 ... The S&P 500 closed the quarter at a record high, capping off a very strong 10.6% return for the first three months. Market returns broadened during February and March, a positive sign of confidence, with small cap stocks (Russell 2000) leading the way over the larger S&P 500 those two months. Read more in our Q1 2024 Market overview ...

Sharing our thoughts on the final quarter of 2023 and looking ahead to 2024 in our latest Investment Review ...

Trust Flexibility in the Granite State We know. “Granite” does not immediately conjure images of flexibility, but under the New Hampshire Trust Code, flexibility is exactly what the Granite State provides to trust administration. In many instances, New Hampshire allows for trust modifications without the need for court intervention and the time and expense. Primary methods of such intervention include Trustee Modification, Non-Judicial Settlement Agreements (“NJSAs”) and Decanting. Brendan Mitchell, Market Street's Vice President and Chief Fiduciary Officer, explores these methods in greater detail in his latest post, “Flexibility: An Advantage Carved in Stone in the Granite State” …