Ernest L. Petersen, III
Vice President & Chief Administrative Officer
Diversified Services Division Manager
John Krupa, AIF, CFP®
Assistant Vice President, Wealth Advisor
Monica M. Papuga
Senior Trust Accounting Officer
Stephanie G. Bassett
Junior Trust Accountant
Tax & Recordkeeping Supervisor
Unlike our Personal Trust Division, which serves one person at a time, Diversified Services provides services to groups of people. We administer pooled trusts created by funeral homes, cemeteries and special needs organizations. When asked, we coordinate record keeping and investment services. Our level of fiduciary duty runs from agent to trustee. Diversified Services trusts separate funds from an operating entity. Should the operating entity fail, the trust will continue for the purpose it was originally intended.
We provide record keeping for 17,000 participants where participants own a percentage of a trust. Income, expenses, gains and losses are allocated based on the percentage of ownership. As such, the accounting work in Diversified Services is inherently different from, for example, the 401k participant that purchases units in specific investments.
As our record keeping work is closely aligned to tax reporting, we oversee tax reporting for AmeriServ Trust and Financial Services Company.
To learn more about AmeriServ's diversified services programs, call our Diversified Services representatives toll free at 800-837-2265, or send us an email.
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