SARASOTA, Fla. - You've been named the beneficiary of a trust fund. So what have you got to complain about? Your bank.

About 80 trust beneficiaries who gathered in this sunny resort town last weekend did just that. Their biggest beef: Banks take trust clients for granted because many lack the power to take their business elsewhere. In short, the beneficiaries legally lack "portability."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.