For more stories like this, sign up for the PLANADVISERdash daily newsletter.
The Markets March 11, 2011
National Advisors Trust Reports Record Growth
National Advisors Trust's assets have gone from a low of $3.7 billion in March 2009, to $7.2 billion in March 2011.
Reported by PLANADVISER staff
The trust company reported to have added nearly $3.5 billion in assets during the 24-month period; a 95% growth rate. “Although the general market uptrend during that same period gave us a nice push, the majority of the growth came through new registered investment advisers (RIAs) and new accounts from existing RIAs,” said Ronald G. Ferguson, CEO of National Advisors Trust.
National Advisors says an increasing number of RIAs are starting to understand the importance of working with multi-generational clients; the use of trusts is a popular way to ensure RIAs these extended relationships. The trust company offers a private label trust program, the Trust Representative Office program, which allows RIAs to re-position their firm in their communities as being “trust savvy and trust focused.” During the last two years, National Advisors Trust has enrolled over 20 RIA firms in the Trust Representative Office program and has registered 26 private label brands in 17 states (see “National Advisors Trust Expands Turnkey Program”).