BTS Asset Management cites advanced technology and model portfolio trading platform
DENVER (June 19, 2006) – Trust Company of America, provider of custodial services and technology, today announced that it will provide custody services for BTS Asset Management, a registered investment advisor firm specializing in quantitative, market-risk management for mutual fund and variable annuity holders.
BTS Asset Management, founded in 1979, has $700 million in assets under management ($610 million discretionary, $90 million non-discretionary) in over 6,500 accounts (individual, corporate and ERISA). BTS Asset Management offers several different asset management styles, all featuring some level of active management for mutual funds and variable annuities. BTS Asset Management has a network of over 2,000 financial planners nationwide.
“We are very excited to be chosen by BTS Asset Management as their custodian,” said Terry Reitan, president and chief executive officer at Trust Company of America. “This is further testament of our best-in-class trading technology and high standards of client service. We look forward to a strong and long-lasting relationship.”
M. Lance Kussell, president of BTS Asset Management, said, “After conducting a comprehensive review of custodians that supply services to the RIA market, we selected Trust because of its strategic view of the industry, its experienced team and superior technology.”