BTS Asset Management hired Trust Company of America to provide custody services for BTS' $700 million in mutual funds, according to a news release.
"After conducting a comprehensive review of custodians that supply services to the RIA (registered investment adviser) market, we selected Trust Company of America because of its strategic view of the industry, its experienced team and superior technology," said M. Lance Kussell, BTS president, in the news release.
Officials at BTS and TCA were not available for comment by press time.
