Trust Company of America (TCA), an independent RIA custodian, closed the third quarter of 2014 with solid growth in new advisor arrangements and new features added to its RIA platform Liberty.
Through 30 September, TCA signed a total of 28 new RIA client arrangements in 2014, adding more than USD750 million in assets under custody. The nine-month total includes a new partnership with Investment Advisors Corp., as well as RIAs seeking to take advantage of the mobility, trade execution and operational efficiency offered by TCA’s Liberty platform.
“We believe our new relationship with TCA will allow each of us, as trusted advisors, to spend more of our time doing the things that add value to our clients,” say Dennis J Rogers and Frank M. Kirby of Phoenix-based Rogers & Kirby, Inc. “Their robust technology offering will greatly enhance our firm’s ability to act decisively and efficiently on our investment convictions.”
“While assets under management steals the headlines in the RIA business, net income pays the bills,” said Joshua Pace, senior vice president, business development for Trust Company of America. “This year, we are hearing from more advisors who are focused on harnessing technology and process improvement to improve their bottom line – and spend more time with clients. It’s a win-win that helps advisors and their clients reach their full potential.”