2014

Trust Company of America Custodian Services Allow Abacus Wealth Partners to Expand Service Offering Thanks to Reduced Transaction Fees, Abacus Is Able to Develop and Launch

Kubera Portfolios, a Turn-Key Asset Management Service



    DENVER, April 15 /PRNewswire/ -- Trust Company of America recently began
 providing custodian services to Abacus Wealth Partners, and the lower
 transaction fee structure allowed Abacus to launch a new, turn-key asset
 management service for investors.
     Abacus Wealth Partners LLC is a national fee-only(TM) wealth management
 and financial planning firm with offices in Philadelphia, Boston, Los Angeles,
 and the San Francisco Bay Area.  Over the years, Abacus' investment strategies
 have performed well and as a result, clients and professional colleagues
 referred others to the company.  However, as a part of its services, Abacus
 provides comprehensive wealth management services to every client and could
 only accept new clients at a minimum fee level of $10,000 per year.  At the
 net worth level of many of these referred potential clients, such a fee is
 prohibitive.
     To solve this problem, Abacus Wealth Partners recently appointed Trust
 Company of America to provide custodian services.  As a result of a lower
 transaction fee structure from Trust Company of America, Abacus was able
 develop a turn-key, asset management service called Kubera Portfolios, LLC.
 Kubera clients are able to invest in a personalized, customized portfolio of
 stocks, bonds and mutual funds that adheres to the same disciplined, low-cost,
 tax-efficient principals used for traditional Abacus clients without other
 financial planning services.
     "In our opinion, Kubera is the best asset management service available
 anywhere to the individual with investment assets of less than $1 million.
 Trust Company of America's fee structure allowed us to make this service
 available," said Jeffrey A. Harwood, CFP, CFA, MBA, a wealth advisor with
 Abacus.  "By providing a cost-effective solution, Trust Company of America
 allowed us to open the investment management portion of our services to an
 entirely new group of investors."
     "Trust Company of America provides a full range of custodial services with
 a far more cost effective model than other companies' offerings.  We are
 pleased we could provide an efficient solution to Abacus Wealth Partners which
 enabled them to expand their offerings and, as a result, increase their client
 base," said Stephan A. Finn, chairman, president and CEO of Trust Company of
 America.
 
     About Trust Company of America
     Trust Company of America is a specialized custodian whose primary business
 is serving asset managers.  The company provides a bundled solution that
 includes asset custody, portfolio and client data management and back office
 services.  As an FDIC member, Trust Company of America is committed to
 providing a secure, controlled environment for the conduct of investment
 activities.  Clients benefit from the objectivity and dedication that only a
 truly independent trust company can offer.
 
 

SOURCE Trust Company of America

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