Single Application Framework
Offering state-of-the-art technology, the Trust platform provides high-efficiency trading not found at traditional custodians.
The Trust custody platform uses a unique, single application approach. While many custodians offer an integrated platform, there are advantages a single application offers that integration cannot deliver.
A Complete Solution
The Trust custody platform is a single application that provides:
- Account registration and maintenance
- Portfolio management
- Performance reporting
- Modeling, rebalancing, and trading
- Cash management
- Tax reporting
- Management fee billing services
- Sales representative tracking and payment services
- Broker/dealer tracking and payment systems
- Sales management analytics
- Compliance reporting and data retrieval functionality
While the platform improves efficiencies in all aspects of a firm’s operations, one of the most significant gains can be found in trading processes.
Efficient Trading Operations
On the Trust platform, when you take a trading action – whether you are rebalancing accounts, investing new money, or freeing up cash – you select the instructions and our system automatically builds the recommended trades. Our system does all the calculations based on your criteria. It includes the clients that should be part of the trade and determines each client’s participation level. The system then presents you with a set of recommended trades for your review, and after you approve the trades, Trust executes them. Immediately upon execution, the system automatically reconciles the actual selling price back to each client account.
This process is the fundamental advantage of trading on the Trust platform. Our platform eliminates the need to upload or download information between your software applications and your custodian.
You receive immediate trade recommendations that can be immediately sent to market, significantly reducing the time you spend trading. Reconciliation is also immediate and fully-automated so attention can be paid to the next required action – or the next task on your list – without hesitation.
This fundamental advantage also reduces risk:
- Risk of market moves
- Risk of execution fluctuations across client
- Risk of calculation errors
- Risk of excluding a client account
- Risk of omitting significant deposits or withdrawals
- Risk of inaccurate performance reporting caused by inconsistently maintaining investment models within each account
Estimated Processing Time
Estimated model processing time based on Trust internal testing:
- 45 second average to rebalance 1,250 accounts
In as little as 5 minutes, you can setup, rebalance, approve trades, and send trades for execution for 1,250 accounts. And after the trades are executed, there is no additional time spent since reconciliation back to the accounts is instantaneous.
A unique benefit of a single application is real-time position information.
This means you know the exact status of your client accounts at all times. If a client deposit or withdrawal posts at 11:34 am, you see the deposit or withdrawal transaction and the account’s resulting balance at 11:34 am.
Real-time position information eliminates the lag time associated with transferring and reconciling data between applications. Data is available immediately to perform analysis or calculate recommended trades. The moment you ask the system to calculate your recommended trades, the system automatically considers any deposits, distribution requests, or other transactions posted up to that moment.
Real-time position information also means the system looks at current pending transactions. If there is a fee payment, systematic distribution, or another upcoming cash demand on the account, the system will automatically reserve these funds and exclude them from the trade.
Real-time position information helps you keep clients fully invested, and helps you meet your clients’ needs for withdrawals. And since the system double checks cash availability just before a trade is executed, your clients’ risk of overdrafts is virtually eliminated.
Bottom Line Benefits
If your strategy relies on keeping your clients fully invested at all times, you need a platform that facilitates investing. The Trust platform’s real-time position information and ease of trading makes investing new money across all client accounts – once, twice, or three times a day – an effortless task.
Some advisors value the ability to trade thousands of accounts at a moment’s notice. If the market moves, they want to move – and on the Trust platform using model-based trading, they can and all clients involved receive the same execution results. And just seconds after the trades are executed, they are reconciled and the advisor is ready to trade again.
Since every advisory firm is different, the benefits they gain from a single application can be different, but the consensus is the same – the time and effort saved is significant.