The Idaho Department of Finance (Department), with the cooperation of Trust and Estate Services Company of Idaho d/b/a TrESCo of Idaho (TrESCo), issued a Consent Order requiring TrESCo to comply with the statutory requirements of the Idaho Trust Institutions Act and no longer engage in unauthorized trust activity in Idaho. TrESCo agreed to either obtain a trust charter from the Department or remove itself as trustee or agent for all accounts that constitute unauthorized trust activity.

Alternative Investments are investments such as art, collectibles, real estate, private equity, venture capital, and commodities that do not fall into traditional categories such as stocks, bonds, or cash.

We extend our heartfelt gratitude to Patricia “Patti” Perkins for her many years of dedicated service to the Idaho Department of Finance. Appointed by Governor Brad Little as Director in January 2020, Patti brought exceptional leadership and vision to the Department.

Idaho has enacted House Bill 182, known as the “Report and Hold” law, to help safeguard seniors and vulnerable individuals from financial fraud and exploitation.