Bringing you live news and features since 2006 

TCA launches ETF trading platform featuring Guggenheim and Global X

RELATED TOPICS​

Trust Company of America (TCA), an independent provider of integrated technology, custody and practice management support for registered investment advisers (RIAs), has launched a 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 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," says TCA's president and CEO Joshua Pace. "What sets ETF Custody Advantage apart is its transparency, allowing advisers to know exactly what returns their clients are receiving, giving them a greater amount of flexibility. In addition, the tax efficiency and investment options advisers will have through this will be a game-changer."
 
TCA's ETF Custody Advantage enables advisers to provide their clients with 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 advisers and their clients with ETF educational resources, including white papers, commentaries, sales ideas and fact sheets. In addition, TCA plans to add to its line-up 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," says Horizon Investments president and CEO Robbie Cannon. "We're excited that TCA has created this new programme 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."

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by