South Dakota · Public trust company
First Covenant Trust and Advisors, LLC
Also used as First Covenant Trust & Advisors.
Services offered
- Directed / administrative trusteeship as described by the firm
- Trustee, successor trustee, and co-trustee appointments across living, testamentary, dynasty, asset-protection, charitable, ILIT, and related trusts as listed by the firm
- Estate and executor administration as marketed
- Family-office administration, including directed trustee services as listed
- Agent / back-office support for individual fiduciaries as described by the firm
Who it is for
- Attorneys, financial advisors, CPAs, insurance professionals, and bankers who want administration that complements existing relationships
- Families the firm describes as ranging from everyday clients to ultra-high-net-worth households
- Clients using South Dakota directed, dynasty, or asset-protection structures
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 First Covenant Trust and Advisors, LLC, credential TC.062-2, public TC.2, first issuance 20 April 2011, at 315 N. Main Avenue, Suite 304 & 305, Sioux Falls, SD 57104.
- Firm pages publish the Sioux Falls office as 315 N. Main Avenue, Suite 305, phone (866) 659-3404. Additional published offices are 541 Sid Martin Rd, Suite B, Johnson City, TN 37615, (423) 232-0456; and 419 Second Street NW, Ste 100, Hickory, NC 28601, (828) 641-9464. This listing uses the roster street for the South Dakota address.
- The South Dakota Advantage page states the Division of Banking approved the firm’s South Dakota charter and provides ongoing oversight. It lists directed trusts among South Dakota advantages, along with repeal of the rule against perpetuities, no state income tax, asset-protection statutes, and privacy.
- The 21 March 2024 directed-trust article states that, as corporate trustee, the firm is mandated to act only on detailed ITA and DTA directions, and that the author’s day-to-day work is documenting, signing, and implementing those directions.
- The Trust Services page states First Covenant will serve as trustee of nearly any type of trust, inter vivos or testamentary, and as co-trustee. Family Office Services lists Directed Trustee Services among estate and trust administration offerings.
- About Us states fee structures are evaluated case by case. This listing cites that language only and does not invent dollars.
Notes
First Covenant Trust and Advisors, LLC is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.062-2), first issued 20 April 2011, at 315 N. Main Avenue, Suite 304 & 305, Sioux Falls. Firm pages also use First Covenant Trust & Advisors.
The public directed-trust story is explicit. A March 2024 explainer says the corporate trustee acts only on ITA and DTA directions. Family Office Services lists Directed Trustee Services, and the South Dakota Advantage page names directed-trust statutes. The same firm also markets itself as trustee or co-trustee of nearly any trust type, plus estate administration and family-office work. Additional offices are published in Johnson City, Tennessee, and Hickory, North Carolina. Confirm which office administers and that the South Dakota charter is the signer. This page does not invent fees or AUM.
What to verify next
Confirm credential TC.062-2 and that First Covenant Trust and Advisors, LLC — not a Tennessee or North Carolina office letterhead — is the appointed South Dakota trustee. Get the seat in writing. The firm publishes a directed ITA/DTA model and separately says it will trustee nearly any trust type or sit as co-trustee. Ask which office (Sioux Falls, Johnson City, or Hickory) will administer the file. Fees are described as case-by-case; request a schedule and do not invent dollars. Omit AUM.
Sources
State file: South Dakota trust companies · South Dakota directed trustees · Other South Dakota listings