Trust Company of America (TCA), an independent provider of integrated technology, custody and practice management support for Registered Investment Advisors (RIAs), has partnered with JP Morgan, KraneShares and Main Management to offer TCA advisors an additional 18 ETFs on its ETF Custody Advantage platform.
The platform enables advisors to provide their clients with a higher level of transparency and greater investment flexibility through intraday trading on a regulated exchange.
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. The nine ETFs offered from J.P. Morgan will leverage its research, insight and portfolio management expertise, using a strategic beta approach. These funds aim to offer high-risk adjusted returns and sit at the intersection of both passive and active strategies.
Additionally, KraneShares, a US asset management firm known for its China focused funds, will offer eight ETFs on the platform, and Main Management, a California based RIA recognized for its ETF portfolio management has added a Sector Rotation ETF. TCA’s ETF Custody Advantage launched back in April, with funds from Guggenheim Investments and Global X. TCA is actively working to increase its offering, and the expanded selection now provides advisors with a total of 74 ETFs to choose from, including key asset classes such as domestic and international equity, bond, currency and commodities.
“In a time when some custodians are pulling products off the shelf, TCA is committed to supporting advisors in their growing utilisation of ETFs by expanding our program and providing them with more choice and opportunities,” says TCA president and CEO Joshua Pace. “At TCA, we’re always on the lookout to expand our offerings in order to better serve our advisors. The ETF Custody Advantage platform is a great venture for our clients to enhance their existing ETF portfolio models and provide our advisors with a variety of high-quality ETFs to explore.”
“We are thrilled to expand RIA access to our innovative smart beta solutions on TCA’s platform,” says JP Morgan’s Head of United States ETFs Joanna Gallegos. “JP Morgan is proud to offer strategies that leverage our extensive research and investment expertise to deliver unique capabilities through ETF vehicles.”