Estate planning or financial management
Includes coordination for the preparation of wills
Supervised accounts or guardianships
BIA social services
OHA and probate hearings
Tribal account and investment information
BIA realty issues
The employees of Field Operations work directly with individual and Tribal trust beneficiaries across Indian country. The Deputy Special Trustee and five Regional Trust Administrators (RTAs) provide technical assistance on trust matters to the Bureau of Indian Affairs (BIA), and OST employees and other agencies. The RTAs supervise Fiduciary Trust Officers (FTOs), who are responsible for providing professional beneficiary services in cooperation with the BIA at field agencies and regional offices.
FTOs, Trust Account Administrators, Technicians, Accounting Technicians and Accounts Maintenance Techs work together to provide beneficiaries with accurate and timely access to account information and trust services. FTOs also coordinate the management of trust assets with BIA in their geographic areas and provide guidance to support staff in the management of accounts.
The Office of Trust Funds Investments (OTFI) meets the investment needs of Indian beneficiaries through prudent management of Trust financial assets. OTFI is responsible for investment of approximately $5.3 billion in Trust assets. Assets are managed in-house by experienced portfolio managers who are skilled investment professionals.
OTFI provides investment advice and support to Field Operations leadership regarding tribal investment issues. It conducts tribal visits and portfolio reviews as needed as part of OST’s ongoing relationship with the tribes. It also provides advice and resources to OST on investment related issues.
OTFI manages approximately 2,000 separate tribal investment portfolios accounts representing about 290 Tribal relationships. The Office also invests the Individual Indian Monies Fund (IIM), which has more than 300,000 account holders. As of March 2016, tribal assets had a market value of approximately $4.2 million value. The IIM Fund had a current market value of approximately $855 million.
Some services for both Tribal and Individual beneficiaries are provided by other offices within OST. Please click on the following links for more information: