South Dakota · Public trust company
BTC Trust Company of South Dakota
Services offered
- Directed / administrative trusteeship under South Dakota statutes as described by Bankers Trust
- South Dakota trust establishment and administration through the BTC affiliate
- Books, contributions, distributions, and trust tax-return work as described for the administrative-trustee seat
Who it is for
- Bankers Trust clients and other families who want South Dakota situs through the BTC affiliate
- Families who want to keep existing investment advisors and other financial professionals in a directed seat
- Grantors funding unique assets (businesses, land, collectibles, and similar holdings as described on the education page)
Sourced facts
- On the South Dakota Division of Banking roster of trust companies chartered to do business in South Dakota as of September 2026 as BTC Trust Company of South Dakota, credential TC.107-2, public TC.2, first issuance 22 September 2015, at 150 East 4th Place, Suite 708, Sioux Falls, SD 57104.
- Bankers Trust’s South Dakota trust page states that clients can access South Dakota trust laws through affiliate BTC Trust Company of South Dakota, and describes BTC as the administrative trustee that provides access to South Dakota law, handles contributions and distributions, keeps the books, and files required trust tax returns.
- The same page describes the Investment Trust Advisor as a person or group selected by the client to manage trust assets, including existing investment advisors, and the Distribution Trust Advisor as the party that determines beneficiary payments.
- The directed-trust education page states that South Dakota directed trusts separate administration, distribution, and investment, and that administration is accomplished by a trustee located in South Dakota, such as BTC Trust Company of South Dakota.
- A Bankers Trust education page on choosing a South Dakota trust company states that South Dakota trust services are provided by BTC Trust Company of South Dakota, a wholly-owned subsidiary of Bankers Trust Company.
- A 15 August 2019 dsm magazine feature is historical context only. It reports that Des Moines-based Bankers Trust established BTC Trust Co. in Sioux Falls and quotes then-president Nate Birkholz describing a three-pronged administrator / investment trust adviser / distribution trust adviser model.
Notes
BTC Trust Company of South Dakota is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.107-2), first issued 22 September 2015, at 150 East 4th Place, Suite 708, Sioux Falls.
Bankers Trust markets this charter as the South Dakota administrative trustee in a three-role directed structure — BTC on administration, a client-chosen Investment Trust Advisor on assets, and a Distribution Trust Advisor on payments. An education page calls the company a wholly-owned subsidiary of Bankers Trust Company. This listing is the South Dakota trust company, not the Iowa bank. A 2019 dsm magazine piece is background only. This page does not invent fees or AUM.
What to verify next
Name BTC Trust Company of South Dakota, credential TC.107-2, on the appointment — not a Des Moines Bankers Trust wealth-management letterhead. Confirm the directed split (administrative trustee / investment trust adviser / distribution trust adviser) in the instrument, and whether Bankers Trust or another advisor will actually take the investment seat. First issuance on the roster is 22 September 2015; do not substitute older Bankers Trust history for this charter date. Ask for a current fee schedule; do not invent fees. Omit AUM.
Sources
State file: South Dakota trust companies · South Dakota directed trustees · Other South Dakota listings