Trust Company of America’s polished conversion process and advanced technology determining factors in swift $310 million asset transfer
DENVER (July 15, 2008) – Trust Company of America, a specialized provider of asset custody and technology services to fee-based Registered Investment Advisors, today announced that PGR Solutions, LLC has selected Trust as its primary asset custodian.
Founded in 2002, PGR Solutions, a Registered Investment Advisor, and its members have put their considerable collective experience to use developing superior tools for individuals, businesses, and retirement plans to create and maintain globally diversified investment portfolios that meet their specific financial needs.
PGR Solutions sought out a new custodian to attain greater efficiencies and receive more timely information. Over the course of a few months, they worked with Trust to prepare for a $310 million asset conversion. The conversion took place in only three days due to a combination of PGR Solutions’ detailed paper documentation and Trust’s ability to handle extensive account reconciliation.
“We value PGR Solutions’ confidence in us,” said Terry Reitan, Trust president and CEO. “Their business has achieved significant success based on strong core business values, so when they chose us to help them achieve their future growth and service goals, we were honored.”
“We were dealing with a complex task under a tight timeframe and were very pleased with the speed of the conversion process. The individual attention provided by Trust was exceptional,” said Dave Roberts, managing member of PGR Solutions, LLC. “After extensive research and evaluation of other recognized third-party providers, Trust can best provide the services necessary for our client accounts.”
The key reasons why PGR Solutions selected Trust are summed up by these four unique offerings:
- A single, web-based application for portfolio and trade order management that provides freedom from performing daily reconciliation to third-party software
- An innovative model portfolio solution that enables powerful model processing benefits while still allowing each account to be managed individually
- Client reporting benefits including needed flexibility in creating billing modifications and timely, accurate tax reporting
- Newly introduced sales force support services that allows PGR Solutions to track, report, and compensate third-party sales representatives
By providing advisors with unique business services and advanced technology such as these, Trust enables advisors to exceed their expectations.
