Trusts departments are thriving!

Trustupdates.com reports that seven out of ten trust institutions experienced revenue growth during the second quarter of 2008, although as a whole the assets under management declined by 4%. Mid-tier institutions, those with assets from $1 billion to $10 billion, did the best. Their growth was 8%, and assets declined only 1%.

Also noted in the report, about one-third of trust institutions are expected to increase their fees in 2008, which may also drive revenue growth.