Trust Industry Veteran Named AITCO President
Boulder, Colo, September 26, 2002 -- Herbert McPherson, a 25-year veteran of the trust and financial services industry, was named president of the Association of Independent Trust Companies (AITCO) at their annual meeting September 13 in Boston.
AITCO is a national association of over 100 independent trust companies employing trustees, asset managers and financial counselors who are governed by the same state and federal requirements applicable to the trust departments of large banks.
"AITCO members believe that clients' best interests are served in working with independent financial counselors with no ties to specific products or institutional requirements," said McPherson, president and CEO of Investors Independent Trust Company of Boulder, Colorado. "In light of recent, favorable industry press on independent trust companies, it appears that the association's message of fair and objective investment recommendations is resonating in the investment community."
An AITCO board member for the past three years, McPherson has served as vice president and annual meeting chairperson for the past two years as well as the association's compensation and productivity survey chairperson for the past three years.
Investors Trust Gives Advisors Working With DATAlynx
a Personal Trust Provider Choice
Boulder, Colo, February 21, 2003 -- Investors Independent Trust Company now provides its personal trust solutions to investment advisors working with DATAlynx. Advisors using the custodial, record keeping and back office services of DATAlynx can now use Investors Trust’s independent trust services through the company's Trust Alliance program. Co-founder Shalia McPherson says, “The Trust Alliance program helps investment advisors become more competitive by utilizing our cost-effective and comprehensive trust solutions."
Providing wealth management services to personal trusts is one way in which investment advisors can increase their assets under management and build stronger relationships with their clients. McPherson goes on to say, “DATAlynx and Investors Trust share a desire to give our mutual advisor-clients a choice and an ability to do business the way they want to. Both companies are independent, and we both offer advisors flexible choices and user-friendly services. Under the Trust Alliance program, advisors can use DATAlynx to custody trust assets and facilitate trading while Investors Trust provides tax reporting and fiduciary accounting.”
DATAlynx (www.datalynx.com) is a resource of Fiserv Trust Services. Fiserv, Inc. (Nasdaq: FISV) is an independent, full-service provider of integrated data processing and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 13,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisors, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wis., Fiserv can be found on the Internet at www.fiserv.com.
DATAlynx also is a service of First Trust Corporation, a member of Fiserv Trust Services. First Trust Corporation (www.firsttrust.com) headquartered in Denver, is one of the nation’s largest trustees of self-directed retirement plans, administering more than 268,000 retirement and custodial accounts valued at $23.3 billion (as of 6/30/02).