Trustco Savings Bank (Glenville)

Name: Trustco Savings Bank
Address: 5 Sarnowski Drive, Glenville, NY, 12302
Telephone: 518-377-3311

Trustco Savings Bank is a large advisory firm based in Glenville. It manages $1.23 billion of regulatory assets for 1,240 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.

Trustco Savings Bank provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Trustco Savings Bank: assets under management

The assets under management (AUM) of Trustco Savings Bank is $1.23 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1 billion in discretionary accounts and $230 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $833.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.75 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Trustco Savings Bank for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Trustco Savings Bank

Barton Anthony Andreoli has been acting as President since 1 Jul 2000. Robert Thomas Cushing joined the executive team most recently as the Senior Vice President/Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barton Anthony Andreoli	Director	1 Jul 2000	Other	4591473
Joseph Anthony Lucarelli	Director	1 Jul 2000	Other	4591480
Anthony James Marinello	Director	1 Jul 2000	Other	4591481
James Henry Murphy	Director	1 Jul 2000	Other	4591495
Richard Joseph Murray	Director	1 Jul 2000	Other	4591496
William Dodd Powers	Director	1 Jul 2000	Other	4591498
Trustco Financial Corp.	Holding company	1 Jul 2000	75% - 100%	16-1531343
Linda Claire Christensen	Vice president/cfo	1 Aug 2000	Other	4591476
Robert Arthur Mccormick	Chairman/director	1 Jan 2001	Other	4591488
Henry Charles Collins	Secretary	1 Feb 2001	Other	4591477
Robert Thomas Cushing	Senior vice president/cfo	1 Nov 2002	Other	4591479
Robert Joseph Mccormick	President/ceo	1 Nov 2002	Other	4591492
Nancy Ann Mcnamara	Senior vice president	1 Nov 2002	Other	4591493

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Trustco Bank Corp Ny	Shareholder	1 Jul 2000	75% - 100%	14-1630287

Based in Glenville

The principal office where Trustco Savings Bank performs its advisory services is located at 5 Sarnowski Drive, Glenville, NY 12302, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 518-377-3311 or by fax 518-381-3841. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at trustcobank.com.