Accountable for billions of dollars in assets, Trust Company of America (TCA) ensures the safekeeping of your clients’ assets under custody by managing, tracking and holding title to the actual securities.
As an FDIC insured depository institution, TCA 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 are also audited annually by a top-10 CPA firm to ensure accurate reporting of assets.
Your clients’ securities are always held separately from corporate assets. TCA does not borrow for our own use or loan out any security owned by account holders for another firm’s use.
While TCA holds title to clients’ securities, investments in mutual funds are held at mutual fund companies and direct investments in equity securities are safely held at JPMorgan Chase & Co. — a large, reputable and highly regulated organization.
Your assets at TCA are always protected. Through our charter with the FDIC, investors’ cash deposits are insured up to $250,000 per account. At the corporate level, TCA’s insurance coverage includes $10 million for Financial Institutions Bond/Computer Crime and $15 million for Bankers Professional Liability.
TCA has an excellent track record of profitability and financial strength, and has no long-term debt. Our operating performance has enabled us to self-fund our market expansion and capital growth, so we haven’t had to seek long-term debt to support our business.
Data security is a top priority at TCA, and our International Organization for Standardization (ISO) 27001-Information Security Management Systems (ISMS) certification lends an even greater level of assurance to our security practices. With a standardized, independently verified process in place for managing and continually improving privacy measures, our clients can feel confident that their data is secure.
Additionally, TCA is headquartered in a secure facility that meets the requirements for a U.S. bank. Our data center and administrative centers are connected to emergency generators which provide backup power in the event of an outage.
To ensure uninterrupted service, TCA has off-site or secondary location recoverability with a premier provider of IT security and infrastructure technologies.
TCA 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. TCA maintains physical, electronic and procedural safeguards to ensure the confidentiality of all non-public client information.