Trust Company of America Launches Cost-Effective ETF Trading Platform Featuring Leading Providers Guggenheim Investments and Global X
ETF program provides greater investment flexibility and lower costs
DENVER, April 4, 2017 /PRNewswire/ -- Trust Company of America ("TCA"), the largest independent provider of integrated technology, custody and practice management support for Registered Investment Advisors (RIAs), announced the launch of its new ETF trading platform, ETF Custody Advantage. The offering provides 60 ETFs from key asset classes – including domestic and international equity, bond, sector, currency and commodities – and include funds from leading ETF providers Guggenheim Investments and Global X.
To help manage costs, TCA will provide a custody fee offset on all participating ETFs, automatically applied to assets held in the products on the trading platform.
"TCA's ETF platform will ensure investors receive greater levels of diversification through exposure to a wide array of asset classes," said TCA's president and CEO Joshua Pace. "What sets ETF Custody Advantage apart is its transparency, allowing advisors to know exactly what returns their clients are receiving, giving them a greater amount of flexibility. In addition, the tax efficiency and investment options advisors will have through this will be a game-changer."
TCA's ETF Custody Advantage enables advisors to provide their clients with:
- Significantly lower expense ratios than most mutual funds
- Greater investment flexibility through intraday trading on a regulated exchange
- A higher level of transparency than mutual funds of securities held by the investment
- The potential for greater tax efficiency through low portfolio turnover rates and greater control over the timing of tax consequences
TCA's ETF sponsors, Guggenheim Investments and Global X, will provide advisors and their clients with ETF educational resources, including white papers, commentaries, sales ideas and fact sheets. In addition, TCA plans to add to its lineup of ETF providers throughout the year.
"As a money manager with conviction that active investment management strategies can add greater value over time, our firm turns to ETFs for low-cost global diversification needed to help our clients meet their goals," said Horizon Investments president and CEO Robbie Cannon. "We're excited that TCA has created this new program to help us take advantage of cost savings for clients and also tap into additional resources from leading ETF providers like Guggenheim and Global X."
For more information on the ETF Custody Advantage program, please call 1-800-955-7808 or email [email protected].
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. TCA partners with advisors to provide them the technology and support they need to manage their practices and clients' financial futures. Learn more at www.trustamerica.com.
SOURCE Trust Company of America
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