Our offices will be closed Friday, July 3rd in observance of Independence Day. Our offices will reopen Monday, July 6th at 9:00 am EDT. Please note: Call center hours expanded to open at 8:00 am EDT to better serve our clients.
Visit our Coronavirus Resource Center for important updates and resources to help you navigate this time (this resource center also includes information related to the CARES Act and IRS Tax Deadline updates).


Managing Your Account

Why does Equity Trust Company Require a Fair Market Valuation (FMV)?

November 13, 2019

While not a taxable event, Annual Maintenance Fees are calculated based on the total account value at year end. Accurate, up to date asset values at year end are necessary for correctly assessing the account’s Annual Maintenance Fee.

The fair market valuation form needs to be completed by the account holder and may also require a qualified, independent third party to complete the form. The valuator cannot be related to the account owner and they must be specifically qualified for assessing the value of that asset.

Some possible options for who can conduct or provide an asset valuation:

  • A Realtor, appraiser, or real estate investment professional
  • A managing member of an entity company or another authorized signer
  • An independent CPA, attorney or other knowledgeable third party

Clients can submit fair market valuation documents through the account management system myEQUITY (Manage > Update Asset Value).

If you need any assistance, contact Equity Trust Company at 888-382-4727.

Have Questions?

Get answers to your questions and learn more about building wealth with tax advantaged accounts.

Contact Us