A shutter and fastener system comprising a shutter and two or more fastener mechanisms each comprising cooperating latching and anchor devices, one device mounted on an edge portion of the shutter and the other on an adjacent trim portion. The latching device engages the anchor device and exerts a strong pulling force substantially parallel with the surface of the shutter. The anchor device converts a portion of this force to a perpendicular force resulting in firm engagement between the shutter and the trim portion. An installation method comprises the steps of proving a shutter with at least one latching device mounted thereon and a small opening in the shutter aligned with operating means for the device. An anchor device is provided on an adjacent trim portion and the operating means is actuated from inside the shutter though the small opening to secure the shutter in place. A hanger means for the shutter may also be provided and the need for a ladder in an elevated installation is obviated by passing the shutter outwardly through an opening and thereafter actuating one or more latching devices from within the structure.