Increased demand for philanthropic services is a factor behind the growth of Trust Company's financial services business with the company recording a 17.5 per cent increase in revenue of $35.3 million for the division.
The results are for the full year to February 28 2007.
Philanthropy is part of the services offered in this division. The company now manages $3.8 billion in assets under control
"We have seen a focus on philanthropic services in the market. Last year we were appointed as trustee for the Russell Webb Legacy," Trust managing director Jonathan Sweeney said.
The trust was established in November by rescued Beaconsfield miners Brant Webb and Todd Russell as a way for them to give back to the Beaconsfield community.
"The publicity surrounding Beaconsfield has increased people's focus on the importance of philanthropic services in the community," he said.
Another factor behind our strong growth has been the company's estate planning services, Sweeney said.
"A number of financial planners and special interest associations who look after people post retirement are now choosing our Wealth Transfer Planning Service," he said.
Overall the company posted an 11 per cent increase in revenue of $17.6 million (Earnings Before Interest, Tax, Depreciation and Amortisation).
