This publication carries latest news on product and service offerings in the North America wealth management sector.

Trust Company of America, which provides technology, custody and practice management support for Registered Investment Advisors, has launched a platform holding a suit of exchange traded funds, called ETF Custody Advantage.

The offering provides 60 ETFs covering asset classes such as domestic and international equity, bond, sector, currency and commodities. ETF providers on the platform include Guggenheim Investments and Global X, Trust Company of America said in a statement. 

As part of the offering, TCA will provide a custody fee offset on all participating ETFs, automatically applied to assets held in the products on the trading platform, it said. 

“TCA's ETF platform will ensure investors receive greater levels of diversification through exposure to a wide array of asset classes,” TCA president and CEO Joshua Pace said. “What sets ETF Custody Advantage apart is its transparency, allowing advisors to know exactly what returns their clients are receiving, giving them a greater amount of flexibility. In addition, the tax efficiency and investment options advisors will have through this will be a game-changer,” he said.

The ETF sponsors, Guggenheim Investments and Global X, will provide advisors and clients with ETF educational resources such as white papers, commentaries, sales ideas and fact sheets. TCA intends to add more providers this year.