Reliance Trust Company has been named a preferred provider of personal trust administration services for clients of UBS Financial Services in the US.

Reliance Trust will offer trustee, trust administration and related fiduciary services through UBS' network of nearly 7,000 advisors and the Swiss bank will act as custodian of the trust assets. Reliance will leverage the open architecture of the UBS investment management platform. 

"This agreement will enhance our ability to offer a diverse choice of trustee services to our clients and financial advisors," said Kevin Ruth, managing director, UBS Financial Services.

Reliance Trust plans to open representative offices in key regions to service UBS advisors and their clients.

Reliance Trust is a subsidiary of Atlanta-based Reliance Financial Corporation, which has more than $73 billion in assets under management and administration.