Year-over-year increase of 44 percent validates market strategy
DENVER (April 18, 2007) – Trust Company of America, provider of custody services to fee-based registered investment advisors, today announced that its advisor services assets under custody have exceeded $5 billion. This milestone caps a year of rapid growth for the company, as its Institutional Advisor Services assets increased 44 percent in the last 12 months. The rapid growth in advisor services assets is mirrored by Trust’s total assets under custody, which now exceed $6 billion.
“We are proud to have surpassed this important milestone,” said Terry Reitan, Trust Company of America’s president and CEO. “Our people have worked very hard in the last year to ensure that our services meet our clients’ high demands and expectations. Our rapid growth shows that our technology and personalized client service are paying off. We look forward to continuing this success.”
“Symmetry Partners congratulates Trust on its achievement of this milestone in growth,” said David Connelly, Principal of Symmetry Partners. “Symmetry has been a partner with Trust for the past five years because the firm’s powerful trading and custody platform, combined with personalized service, has supported our own exceptional growth and allowed us to continue providing our clients an unmatched level of service.”
Trust has seen a dramatic increase in the adoption of its advisor custody platform. With Trust’s technology, advisors have access to state-of-the-art model portfolio trading and integrated portfolio management features. They can literally enter, execute, allocate, and reconcile trades across individual accounts, groups of accounts, or all accounts in seconds.
Trust’s Institutional Advisor Services have set the industry standard for quality by delivering highly scalable solutions for growing advisors who want to spend less money on overhead and more time growing their business. Other unique benefits include specialized management tools and reporting for advisors who sell through representatives and a flexible, comprehensive fee management program.