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SOURCE Trust Company of America
DENVER, Oct. 9, 2013 /PRNewswire/ -- Trust Company of America (TCA), the independent custodian offering fully integrated, real-time technology and back office services built exclusively for RIAs, today announced its best quarter ever.
During the past three months, TCA forged several new partnerships adding six new clients who collectively represent approximately $250 million in AUM. Total assets under custody grew to a record $12.4 billion.
New advisors such as Tim Hunt from St Louis Financial Planners cited TCA's non-competitive partnership – with no retail presence or products – and its core technology, which allows advisors to trade multiple models in a single account in three clicks or less, as key reasons for joining Trust Company of America.
"We're building on our momentum from last quarter and laying the groundwork for future growth and success," said Joshua Pace, Senior Vice President, Business.
The third quarter performance follows a strong second quarter in which TCA underwent a successful rebranding and forged strategic partnerships with RIA in a Box and United Planners Financial Services (UP). Among the highlights of the third quarter:
"We have built a strong and super talented team at TCA and they are driving terrific results for our clients," said David Barry, Chief Executive Officer of Trust Company of America. "The improvements we are making to our technology platforms, practice management and business infrastructure are aimed at making RIA operations more efficient, allowing advisors to focus on what's most important: serving their clients and growing their business."
About Trust Company of America
Since 1972, Trust Company of America (TCA) has been a champion of Registered Investment Advisors, dedicated to helping them realize their full potential. TCA is the only independent RIA custodian offering fully integrated real-time technology, consultative services and back office support built exclusively for RIAs. Headquartered in Centennial, Colorado, TCA is a partner to advisors, providing the technology and support they need to manage their practices and clients' financial futures. See more at: http://www.trustamerica.com.
Morrison Shafroth, WalekPeppercomm
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