New Partnership: Forge Trust

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New Partnership Forge Trust
Phoenix American And Forge Trust Announce
Partnership To Deliver Affordable Custodian
Services For Alternative Investment Fund
Sponsors Phoenix 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.
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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 Trusts advanced integrated investor
platform and streamlined data exchange between
Phoenix American and Forge Trust providing
continually updated investor information. Reduci
ng 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
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The partnership between Phoenix American and
Forge Trust will also feature a technical
integration to modernize the investors
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. Read more
on https//www.phxa.com/press-releases/new-partner
ship-forge-trust/ Contact Details sales_at_phxa.co
m 415-485-4500 2401 Kerner Blvd, San Rafael, CA
94901, United States