Category Archives: Partner Announcements
EdgeCo Holdings Announces Launch of AmericanTCS
The new brand brings together the Trust, Custody and Retirement operations EdgeCo has acquired over the past four years under a single banner.
EdgeCo Holdings, LP (“EdgeCo”) is pleased to announce the launch of AmericanTCSSM, aligning the trust, custody and retirement operations EdgeCo has acquired since 2018 under a single brand. The units that comprise AmericanTCS currently custody approximately $120 billion in assets, service over 300,000 retirement plans with more than 6 million participants, support over 10,000 unaffiliated financial advisors, and more than 420 benefits administrators. The operations under the newly formed AmericanTCS division include:
- Mid Atlantic Trust Company, is a Trust & Custody solution for benefits administrators and financial institutions, currently provides services to over 200 industry partners. The company offers an innovative set of portfolio tools and conflict-free investment products that not only save benefits administrators time and expense in managing existing plans but also provide features that will help win new business.
- American Trust Retirement, which represents both AT Retirement Services, LLC and American Trust Company, is a full-service retirement plan provider and fiduciary focused on the retirement market. We service plan sponsors and retirement plan investors directly and through our relationships with other financial intermediaries.
- American Trust Wealth, serves individual and institutional investors. through a broad suite of financial services within a sound fiduciary environment.
- AmericanTCS Technology provides workflow automation solutions through its PensionPro software and trading solutions for retirement providers, including third-party administrators (TPA) and custodians, through its VMS Hub service, which is being rebranded to Hub+SM.
EdgeCo Holdings CEO, Paul Schneider, explained the mission behind AmericanTCS, “Nearly 57 million people don’t have a traditional pension or retirement savings plan. That’s nearly half of working-age Americans.” Mr. Schneider continued, “Our mission at AmericanTCS is to help solve for that by creating financial security for all Americans by bringing together industry-leading technology, investment solutions and, most importantly, people with deep experience in the retirement industry that are simply focused on helping our partners create better participant outcomes.”
The AmericanTCS model is built upon the foundation of Mid Atlantic Trust Company, an industry-leading Trust & Custody solution. That cornerstone of trust and custody services has been married with software and trading solutions the firm has added through acquisitions of PensionPro in 2021 and VMSHub in 2022. These services at a high level allow retirement providers to manage projects, optimize trade flows, and analyze profitability while providing tools and solutions that enhance the advisor-client relationship.
Additionally, for retirement providers looking for support in navigating the increasingly challenging environment of today’s complex retirement market, AmericanTCS can assume a range of administrative and operational responsibilities.
“These are exciting times to be a part of our company” commented Tim Friday, Mid Atlantic Trust Company CEO and President of EdgeCo Holdings. “The pieces of the puzzle we have been working towards over the last four years are finally coming together. Bringing the trust and retirement division under one brand will allow us to better support our recordkeeping and investment management partners with the shared resources we now have, while still offering the same great service everyone’s come to know.”
About AmericanTCSSM
AmericanTCS and its businesses collectively date back almost 40 years and provide industry-leading financial services to the American workforce. Through its businesses, AmericanTCS delivers a wide array of custody and trust, retirement services, wealth management, and technology software automation to a diverse national client base. With over $120 billion in assets custodied, $17 billion in recordkeeping assets, and $1.6 billion under wealth management and fiduciary services, all of the operations that comprise AmericanTCS share a common mission: to create financial security for all Americans. To learn more visit www.americantcs.com.
About EdgeCo Holdings
Through its AmericanTCS and NewEdge Capital Group divisions, EdgeCo Holdings is a premier provider of best-in-class, technology-enabled solutions for financial intermediaries and their clients. For over four decades, EdgeCo companies have provided a suite of technology and support services, including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors and other financial intermediaries, including retirement plan recordkeepers, TPAs, bank trust departments, broker dealers and insurance companies. EdgeCo Holdings currently services approximately $150 billion in client assets under custody or administration and more than 10,000 financial advisors and 500 financial institutions.
Media Contact
Christopher Broussard
Chief Marketing Officer
800-693-7800 x271
Mid Atlantic to Serve as Trustee for Paychex’s PEP
Mid Atlantic is pleased to serve as the trustee for Paychex’s Pooled Employer Plan
Paychex Introduces a Pooled Employer Plan, A New Cost-Effective Retirement Plan for U.S. Businesses and Their Employees
BlackRock introduces iRetire – A simple process to help answer lifetime questions
“Will I have enough for the retirement I want?” The iRetire® plan can help the advisor determine his/her client’s needs with an easy to understand retirement gap analysis. This tool shows the relationship between your client’s savings and the number that really matters: the income they could have each year in retirement. It helps empower decisions, illustrating the tradeoffs between risk, retirement date, income needs and spending.
Mid Atlantic welcomes First Affiliated of the Chautauqua Region
Mid Atlantic Capital Group is pleased to welcome First Affiliated of the Chautauqua Region, LLC.
First Affiliated of the Chautauqua Region, LLC is headed by Dan Hocking and Joe Cerrie. Mr. Hocking and Mr. Cerrie have amassed 24 and 17 years of investment experience respectively. The group has had a relationship with Mid Atlantic for the past ten years utilizing one of the professional money managers on Mid Atlantic’s platform for their high net worth clients. First Affiliated of the Chautauqua Region, LLC employs a wide range of investment vehicles and services to provide experienced wealth management out of their office in Jamestown, New York.
First Affiliated of the Chautauqua Region, LLC is not a registered entity or a subsidiary or control affiliate of Mid Atlantic Capital Corporation or Mid Atlantic Financial Management, Inc.
Mid Atlantic Congratulates Everhart Advisors!
Everhart Advisors was recently named 2018 PLANSPONSOR Retirement Plan Adviser of the Year.
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Mid Atlantic Capital Group recognizes the uniqueness of financial advisors and the many business models that exists. That is why we listen, collaborate, and develop customized solutions for our business partners. We provide the structure, tools, and support that fits your model, enabling you to successfully grow your business.
To learn more about the ways Mid Atlantic can help you simplify your practice, contact John Wight at 800-693-7800 and jwight@macg.com.
In the Spotlight: DRL Group and The Houston Livestock Show and Rodeo™
Recently, Mid Atlantic reached out to one of our newest registered representatives, David Loesch with the DRL Group, to learn more about his involvement with The Houston Livestock Show and Rodeo™. Mid Atlantic always likes to share with its family how our business partners go above and beyond their daily business to have a positive effect on the community.
The Houston Livestock Show™ has promoted the breeding and marketing of the livestock industry in the Texas Gulf Coast region. David Loesch got involved in 1997 because he wanted to give back to the community and in particular to the youth: “This Rodeo is much more than just a Rodeo, it is a vehicle for young people to shape their future.”
Each year, the Houston Livestock Show™ draws thousands of Texas 4-H and FFA exhibitors to compete. Each exhibitor works several months to prepare. Participants are between the ages of 9 and 18, are Texas residents and are members of a Texas 4-H Club or FFA Chapter. More than 750 scholarships are awarded. 1st place winners can be awarded as much as $36,000!
Mr. Loesch commented: “As you know, Texas is a large state! Last year only 330 animals made it to the judging. There is a lesson in the disappointment as well. The young people are involved in raising these animals. It teaches them discipline, respect, and commitment.”
A week-long celebration leading up to opening day of the Rodeo began on February 20. The rodeo itself will run from Feb. 27 – March 18, 2018. It is an impressive operation to say the least. Mr. Loesch hopes that the team at Mid Atlantic will get the opportunity to come and enjoy this experience!
Take a look for yourself: www.rodeohouston.com.
About the DRL Group: http://www.dlrgroup.com/home/
Mid Atlantic is pleased to welcome kPlans Investment Services
Mid Atlantic is pleased to welcome kPlans Investment Services as a new business partner. kPlans Investment Services (formerly Kravitz Investment Services) brings its Cash Balance Investment Expertise to Mid Atlantic advisors through the ModelxChange® program.
What will this mean for Mid Atlantic advisors? kPlans has just made it easier for Mid Atlantic advisors to manage their cash balance business by providing a turn-key solution from actuarial to investments. kPlans has structured three risk-based strategies using an absolute return style of management, which includes as many as thirty separate asset management firms across thirty separate asset classes. This option is branded under the Mid Atlantic ModelxChange® program name: First Water Cash Balance Plan Series.
For additional information, please call: 800-693-7800
Mid Atlantic Welcomes Riverstone Wealth Management
Mid Atlantic is pleased to welcome Riverstone Wealth Management to its family. Headquartered in Pittsburgh, Pennsylvania, Riverstone’s primary focus is on wealth and estate management. The firm is comprised of two primary registered reps Wes Creese and Josiah Hoffman; one registered assistant Kim Arnold; and their office administrator Danica Creese. Wes is a CPA providing tax planning strategies. The group also works in the qualified plan space with several 401(k) plans on the books.
Mid Atlantic Welcomes Crescent Wealth Partners
Mid Atlantic is pleased to welcome Crescent Wealth Partners, our newest addition to the Mid Atlantic family. Crescent is a former Ameriprise Group based out of Sarasota, Florida. The Crescent team consists of two partners, Brent Hillerich and Brian Grogan, in addition to associate producer Jared Burke and their staff members Erin Bewley and Claudia Woods. Crescent primarily focuses on investment management, retirement planning strategies, and charitable giving.
Mid Atlantic Welcomes The DRL Group
Mid Atlantic is excited to officially welcome one of our newest business partners The DRL Group to our family. Based in Katy, Texas, The DRL Group is comprised of brothers David and Darrin Loesch and five staff members who handle all operational functions and trading.
The firm specializes exclusively in the bond market, thus taking a “Masters of One” approach to financial services as opposed to a more general “Jack-of-All-Trades” philosophy. As such, The DRL Group is solely focused on providing tax-free income products and managing tax-deferred accounts (IRAs and SEPs) through utilizing high quality municipal and corporate bonds. For more than 20 years, The DRL Group has been serving top tax-bracket clients in their quest to reduce taxes, generate a stable income stream, and help to protect their principal investment value.