Trust Company of America’s advanced technology and model portfolio trading platform’s speed and ease of use cited as determining factors in $70 million asset transfer
DENVER (September 26, 2006) – Trust Company of America, provider of custody services to fee-based registered investment advisors, today announced the addition of Vance Capital Management to its rapidly-expanding client roster.
Vance Capital Management is a fee-based investment advisor that provides asset management and investment planning for individuals, trusts, corporations, foundations and pension plans. The initial asset transfer will consist of new business and existing national financial accounts totaling approximately $70 million. Founded in 1998, Vance Capital Management is committed to providing excellent service while meeting the complex needs of their clients in the new millennium. Vance features a dedicated team consisting of Certified Financial Planners, a Certified Public Accountant and a Chartered Life Underwriter.
“We are very excited with this appointment,” said Terry Reitan, Trust Company of America’s President and CEO. “We value Vance Capital Management’s recognition in the quality of Trust’s people and in our capabilities as a world-class custodial services provider. We look forward to truly partnering with this great organization as they continue to expand their business.”
“In Trust, we found a custodian with the experience and expertise we were looking for, including best-in-class technology, thorough procedures, and flexible reporting capabilities,” said Bob Vance, Founder of Vance Capital Management. “Trust’s technology allows us to quickly and efficiently support the full range of investment strategies that we employ, while at the same time we are now able to consolidate our reporting requirements, thereby reducing risk and administrative inefficiencies.”