DENVER, April 17, 2013 /PRNewswire/ -- Trust Company of America, the independent custodian offering fully integrated, real-time technology and back office services built exclusively for RIAs, today announced continued growth for the first quarter of 2013, signing eight new clients and reaching a record $12 billion in assets under custody.
"We're proud of the results we achieved in Q1, particularly in reaching a record level of assets under custody, which is a testament to our clients' success," said David Barry, Trust Company of America CEO. "In partnership with our RIAs, we will work hard to help continue their momentum and growth."
Trust Company of America reached the $12 billion AUC mark as a result of adding several new clients to its platform, in addition to having numerous current clients experience rapid growth.
"With the scalability of the Trust Company of America platform, we can manage our rapid growth without the need to hire more people," said Drew Horter of Horter Investment Management, LLC, Trust Company of America's fastest growing client for first quarter 2013.
The addition of eight new clients signifies advisors' continued interest in the technology's efficiency, scalability, and customization.
"With these new clients joining the Trust Company of America family, our business is off to a great start in 2013," said Trust Company of America Senior Vice President, Business Development, Joshua Pace. "They share a common thread of leveraging our powerful technology platform to fulfill the growth aspirations of their RIA practice."
About Trust Company of America
Trust Company of America is the only independent RIA custodian offering fully integrated, real-time technology and back office services built exclusively for RIAs. Headquartered in Centennial, Colorado, Trust has been helping RIAs optimize their portfolios by improving the scale, efficiency and sophistication of their trading for nearly 20 years. For more information, please visit www.trustamerica.com.
SOURCE Trust Company of America