ATLANTA, March 4, 2014 /PRNewswire/ -- Reliance Trust Company announced today that its retirement strategies group exceeded $100 billion in assets under management and administration during the month of January 2014. Retirement assets at Reliance Trust have grown at an annualized rate of 17 percent over the past five years with assets increasing from $45 billion to just more than $100 billion during that time.
"We have experienced growth in all of our business segments; specifically, institutional trust, collective investment trust funds and our special fiduciary services," said Kent Buckles, executive vice president of the retirement strategies group at Reliance Trust.
"We continue to expand our services and capabilities to meet the needs of retirement plans, TPAs, RIAs, insurance companies, investment companies and public and private companies," echoed Bill Harlow, president of Reliance Trust.
Harlow and Buckles cited a press release Reliance Trust issued in early January 2014, that the combination of industry leading sub-advisors on its collective investment trust funds and world-class, back-office services have been key factors further propelling the company's growth.
About Reliance Financial Corporation
Reliance Financial Corporation is a privately held, Atlanta-based diversified financial services and wealth management company with more than $131 billion in assets under management and administration. Reliance conducts business throughout the United States through its trust companies, Reliance Trust Company based in Georgia (one of the largest independent trust companies in the country) and Reliance Trust Company of Delaware, and its other subsidiaries and affiliated offices. Reliance offers a full array of trust and wealth management, investment, retirement plan and outsourcing services to individuals, corporations and institutions, as well as to other banks, brokerage firms and insurance companies. Please visit www.reliance-trust.com for information on all of the company's programs and services.
*Collective investment funds are only available to certain qualified plan investors.
SOURCE Reliance Financial Corporation