Institutional Custody Solutions

Innovative, Flexible, and Cost Effective Custody Solutions from The Kingdom Trust Company

Welcome to The Kingdom Trust Company (KTC), an Independent Qualified Custodian, where we are redefining the institutional custody business for RIAs and Investment Sponsors.  KTC will provide customized, cost effective, and compliant custody solutions with minimal counterparty risk for alternative asset investment funds and Advisor and B-D platforms.  At KTC our strength is our customized responsiveness along with technological flexibility in the custody of alternative assets such as hedge funds, private equity and venture capital funds, fund of funds, precious metals, and real estate. 

What is a Independent Qualified Custodian?

KTC is a non-depository trust company that is regulated by the South Dakota Division of Banking. 26 USC 408(n) defines a bank as “a corporation which, under the laws of the State of its Incorporation, is subject to supervision and examination by the Commissioner of Banking or other officer of such State in charge of the administration for the banking laws of such State.” By holding a Non-Depository Trust Charter from South Dakota, KTC is in compliance with this definition.

An Independent Qualified Custodian is defined by the Investment Act of 1940, defined by Section 202(a)(2). A Qualified Custodian can be a Bank, and a bank is defined as “trust company, whether incorporated or not, doing business under the laws of any State or of the United States.” 

How is Dodd-Frank Act Changing the Custody world?

The amendments to the Investment Advisors Act of 1940 would require Registered Investment Advisors that have custody of a client funds or securities to undergo an annual surprise examination by an independent public accountant to verify client funds and securities. In addition, unless client accounts are maintained by an “Independent Qualified Custodian,” the adviser or related person must obtain a written report from an independent public accountant that includes an opinion regarding the qualified custodian’s controls relating to custody of client assets. The amendments are designed to provide additional safeguards under the Advisers Act when an adviser has custody of the client funds or securities.

Vision and Mission of KTC Institutional

The KTC vision is to transform the asset custody business by offering preferred customized and flexible solutions to investment sponsors and advisors/B-D’s.

KTC was founded as an Independent Qualified Custodian delivering value-added custody solutions for investment sponsors, RIAs and investors.   We are committed to providing superior client service, integrated technology, and innovative platform solutions.