Safety and Soundness
Accountable for billions of dollars in assets, Trust ensures the safekeeping of client assets under custody by managing, tracking, and holding title to the actual securities. For a downloadable version of Trust’s Safety and Soundness, click here.
As an FDIC insured depository institution, Trust complies with federal statutes and regulations enforced with stringent FDIC examinations. We are supervised and examined by the Colorado Division of Banking and are bound by Colorado State Banking Commission regulations. We also utilize the services of a third-party examiner who reviews our compliance with operating policies and internal controls on an annual basis, and reports his findings to Trust’s board of directors. In addition, Trust is audited annually by a top 10 CPA firm to ensure accurate reporting of assets.
Clients’ securities are always held separately from corporate assets. Trust does not borrow for our own use or loan out for another firm’s use, any security owned by account holders. While Trust holds title to the clients’ securities, investments in mutual funds are held at the mutual fund companies and the direct investments in equity securities are safely held at JPMorgan Chase & CO., a large, reputable, and highly regulated organization.
Your assets at Trust are protected. Through our charter with the FDIC, investors’ cash deposits are insured up to $250,000 per account. At the corporate level, Trust’s insurance coverage includes $10 million for Financial Institutions Bond/Computer Crime, and $15 million for Bankers Professional Liability.
We operate from a secure facility with security features that meet the rigorous requirements for a U.S. bank. In addition, each of our employees undergoes thorough pre-employment screening and background checks.
Trust has no long-term debt. Our operating performance has enabled us to self-fund our market expansion and capital growth, so we have not had to seek long-term debt to support our business. Our parent company has a line of credit with our primary correspondent bank which we have available for short term working capital needs.
Trust has a track record of profitability and financial strength. In addition, our assets under custody have grown from over $7 billion in 2008 to nearly $11 billion in 2011.
Trust is headquartered in a secure facility that meets the requirements for a U.S. bank. Trust’s data center and administrative centers are connected to emergency generators which provide backup power in the event of a power outage.
Trust is committed to providing a protected environment to ensure both complete data integrity and the highest level of data information security. We achieve this secure environment primarily through two key features:
- Multi-Factor Authentication – For applications where users can update data or submit trades, Trust uses a sophisticated security technique used to verify each user and the information that each user is authorized to access. This ensures control over data accessibility.
- Strong 128-Bit Encryption – 128-bit Secure Socket Layer (SSL) encryption protects data as it moves across the Internet. Trust uses 128-bit SSL encryption and private keys from Verisign Corporation, the leader in Internet transaction security. Verisign’s SSL encryption confirms the site’s authenticity and encrypts data as it is transferred to the user’s computer each time a new screen is accessed. In essence, when advisors or clients view account data or reports, the encryption makes those documents unreadable to unwanted viewers.
Trust has off-site or secondary location recoverability with a premier provider of IT security and infrastructure technologies to ensure uninterrupted service. Trust has complete redundant capability for all critical user applications.
Trust is committed to preserving the confidentiality of all information related to our clients. We will not disclose any non-public personal information about clients or former clients, except as required by law.
We carefully restrict access to personal client account information to only those employees who require that data to provide products or services. Trust maintains physical, electronic and procedural safeguards to ensure the confidentiality of all non-public client information.