TCA by E*TRADE Nearly Doubles The Number Of ETFs Available On Custody Advantage Program
With the addition of 130 First Trust ETFs, advisors can now choose from over 280 ETFs in the program to help diversify client portfolios
Nov 14, 2018, 16:05 ET
DENVER, Nov. 14, 2018 /PRNewswire/ -- TCA by E*TRADE, a provider of integrated technology, custody, and practice management support for Registered Investment Advisors (RIAs), today announced the expansion of its ETF Custody Advantage program, adding 130 exchange-traded funds (ETFs) from First Trust Advisors L.P., a leading ETF provider and asset manager. Now advisors who use TCA by E*TRADE can access more than 280 ETFs, almost doubling the funds available on the Custody Advantage program.
The ETF Custody Advantage program offers investing flexibility through intraday trading on a regulated exchange. ETFs participating in the ETF Custody Advantage program provide RIAs with a custody fee offset, automatically applied to assets held in ETFs on the platform.
"TCA by E*TRADE delivers a diverse fund offering to help advisors meet their clients' evolving needs," said TCA by E*TRADE President Joshua Pace. "Introducing these funds from First Trust allows us to provide our advisors with innovative and cost-effective investment selections."
"We are excited to work with TCA by E*TRADE to make our ETFs available through the ETF Custody Advantage platform," said First Trust Senior Vice President and ETF Strategist Ryan Issakainen. "Through the TCA by E*TRADE Custody Advantage platform, we will help a broader spectrum of advisors and further our commitment to addressing their investment challenges."
In August, TCA by E*TRADE added over 80 products ETFs from WisdomTree, J.P. Morgan, and Nationwide. For more information on the ETF Custody Advantage program, please call 800-955-7808 or email [email protected].
About TCA by E*TRADE and Important Notices
The fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. For a current prospectus, please contact the ETF provider.
E*TRADE Savings Bank, doing business as "TCA by E*TRADE" and its affiliates ("E*TRADE") do not warrant these products, services, and publications against different interpretations or subsequent changes of laws, regulations, and rulings. E*TRADE does not provide legal, accounting, or tax advice. No information presented constitutes a recommendation by E*TRADE Savings Bank or its affiliates to buy, sell, or hold any security, financial product, or instrument discussed therein or to engage in any specific investment strategy.
E*TRADE Savings Bank and First Trust Advisors L.P. are separate and unaffiliated companies.
TCA by E*TRADE is a champion of RIAs, dedicated to helping them realize their full potential. TCA by E*TRADE is an RIA custodian offering integrated real-time technology, consultative services, and back office support custom-built for RIAs. TCA by E*TRADE works with advisors to provide them the technology and support they need to manage their practices and their clients' financial futures. Learn more at www.trustamerica.com.
RIA custody solutions are offered by E*TRADE Savings Bank, which is a national federal savings bank (Member FDIC).
E*TRADE Savings Bank, doing business as "TCA by E*TRADE": 7103 South Revere Parkway, Centennial, CO 80112. Member FDIC.
SOURCE TCA by E*TRADE