PRESS RELEASES New Partnership: Forge Trust By David Fisher June 8, 2021 No Comments P hoenix American, a leading transfer agent and fund administrator for alternative investment sponsors, and Forge Trust, a leading provider of custody services for alternative investments, have announced a partnership to make it easier to invest in alternative assets for IRA account holders. Forge Trust provides custody services with preferred pricing and a streamlined integrated experience to clients of Phoenix American. The partnership will enable Phoenix American client sponsors/issuers to offer their investors access to custody services for their qualified investment funds at rates that greatly reduce the typical effect custody costs have on net investment returns. Investors will also benefit from Forge Trust’s advanced integrated investor platform and streamlined data exchange between Phoenix American and Forge Trust providing continually updated investor information. Reducing the Costs and Frustrations of IRA Investing The partnership between Phoenix American and Forge Trust addresses a key challenge in the alternative investment industry. IRA investors in alternative funds account for a large portion of a typical capital raise for sponsors. These investors are typically required to establish a dedicated custodian account with a provider that has an existing relationship with the sponsor. The paper-intensive process of establishing the new account, then initiating a transfer of qualified funds from another custodian, and then making the investment is often time-consuming and frustrating. In addition, annual fees charged by alternative investment custodians can dig deeply into investment returns. These can be significant obstacles for IRA investors. The combination of reduced custody rates and a facilitated integration between the two companies improves the overall investor experience and can effectively enhance investment returns. “This partnership not only saves real money for IRA investors, it streamlines the process of making the investment,” said Patrick Hughes, President of Forge Trust. “Our easy-to-navigate, transparent and secure platform guides investors through the process. White glove customer service provides any additional support they may need to complete the investment.” A More Mainstream Investor Experience The partnership between Phoenix American and Forge Trust will also feature a technical integration to modernize the investor’s day-to-day experience. Automated position files from Phoenix American will ensure that investor accounts at Forge Trust are always up to date with the latest changes. Phoenix American and Forge Trust will work together to support the customer service needs of client investors. “Part of our mission at Phoenix American is to help our clients make their products as accessible to investors as mutual funds,” said Andrew Constantin, Senior Vice President, Operations at Phoenix American. “Our partnership with Forge Trust helps move the industry in that direction and helps continue bringing alternative investments into the mainstream.” About Phoenix American Phoenix American provides full-service fund administration, fund accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American aviation ABS group provides managing agent and accounting services for asset-backed securitizations in the commercial aviation leasing industry. The company was founded in 1972, has six offices worldwide and is headquartered in San Rafael, CA. About Forge Trust Forge Trust Co. is a non-depository trust company with $13.2 billion in assets under custody (as of 12/31/2020), with offices in San Carlos, California and Sioux Falls, South Dakota. Chartered in 2008, the firm is regulated by the State of South Dakota’s Division of Banking and acts as a custodian of retirement accounts across a wide range of private investments. Forge Trust provides administrative and custodial services to investors through our self-directed retirement accounts. Through advanced technology, we dedicate ourselves to providing the proper diligence and care, across a wide range of private investments. Forge Trust is a wholly owned subsidiary of Forge Global, Inc., a premier trading, settlement and custody partner providing liquidity solutions to private companies and investments into the private markets. Media Contact: David Fisher 415.485.4673 dfisher@phxa.com SOURCE Phoenix American Financial Services Administration, accounting, and complete outsourced back-office services enabling fund managers to concentrate on investments and sales. EXPLORE MORE Home Leadership About Us Resources Contact Careers US OFFICES Headquarters 2401 Kerner Blvd San Rafael, CA 94901 Arizona 2550 W. Union Hills Drive Suite 350 Phoenix, AZ 85027 New Hampshire Pine Tree Place 360 Route 101, Suite 1501 Bedford, NH 03110 GLOBAL OFFICES Ireland Unit J Block 1 Shannon Business Park Shannon, Co. Clare India Office No. 2, Level 8, SLN Terminus Gachibowli, Hyderabad Telangana – 500032 Cuba PSC 1005, Box 285 FPO AE 09593 © 2021 Phoenix American Financial Services, Inc. Privacy Policy | Terms of Use. Designed by SFWP We use cookies to personalize content and to provide you with an improved user experience. By continuing to browse this site you consent to the use of cookies. 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