New integrated managed strategies platform allows independent investment advisors to grow exponentially.
DENVER (September 15, 2005) – Trust Company of America, provider of custodial services and technology to help independent investment advisors to grow faster while reducing costs, releases TCAdvisor II, believed to be the most sophisticated trading and portfolio management platform currently available from a custodian.
TCAdvisor II allows advisors to quickly build scalable investment strategies, apply multiple strategies to individual accounts, and optimize trading activities over hundreds or thousands of accounts. With TCAdvisor II, advisors can invest, trade or re-balance individual accounts, groups of accounts or entire books of business strategically and instantaneously, freeing time to manage client relationships, gather new assets and optimize their trading strategy.
Using the Web-based platform, advisors are able to increase their assets exponentially with little or no expansion in administrative and trading personnel. TCAdvisor II features trading, client data analysis, processing and performance reporting capabilities that empower advisors to manage assets at the macro level while also improving their clients’ experience.
“Our goal is to enable advisors to efficiently build their business while meeting their clients’ objectives,” said Terry Reitan, president and chief executive officer, Trust Company of America. “Ultimately, TCAdvisor II grants advisors the freedom to modify and execute strategies across hundreds or thousands of accounts – in minutes – and use the time they save to gather more assets, service and grow their client base, and concentrate on research and other activities that will directly benefit their business and their clients.”
Trades processed through TCAdvisor II are executed at an omnibus level, so that all transactions in a security are consolidated prior to execution and the trading fee is spread across the relevant accounts. Advisors can also automatically disseminate all proceeds, new shares and assets from ensuing trades across accounts faster and more economically.
Advisors who custody their assets with Trust gain immediate access to TCAdvisor II and its client data analysis and trading capabilities. They benefit from a user-friendly functionality that includes:
• Integrated managed strategies trading
• The capacity to assign multiple strategies to single accounts
• Extensive preview capabilities, which allow advisors to assess the broad impact of a potential trade
• Trade filtering capabilities
• Real-time data on account positions, asset holdings and transaction history
• New, streamlined account setup and maintenance
• Comprehensive and flexible reporting functionality, including past-dated snapshots of account positions
• Improved client experience with a single quarterly statement aggregating all assets held by Trust and replacing individual trade confirmations
Trust’s technology empowers independent investment advisors to grow their businesses through efficient trading and streamlined back office operations. For all assets held by the company’s custody services, TCAdvisor II provides a comprehensive, real-time support system that also eliminates the need to manually reconcile between the custodian and the portfolio management system.
“Our commitment to client satisfaction is manifested in tailored product and service offerings designed to address the diverse needs of advisors. TCAdvisor II can successfully perform active and passive asset allocation strategies, support turnkey investment products and streamline distributions of weekly contributions, so that advisors can optimize trading activities to keep accounts balanced and to streamline the processing side of their business,” said Dirk Speyer, vice president, national sales and product development, Trust Company of America.