Private Trust Co. NA
The Private Trust Company, N.A. (PTC) is a nationally chartered trust bank headquartered in Cleveland, OH, and a wholly owned subsidiary of LPL Financial LLC. Founded to provide trust and wealth management solutions, PTC delivers trust administrative services to individuals, high-net-worth families, corporations, and foundations. PTC helps manage and safeguard family, corporate, and foundation assets and works closely with financial advisors, positioning them at the center of client relationships. PTC operates in all 50 states, providing tailored estate settlement and wealth transfer services. As of March 31, 2024, it had roughly $2 billion in fiduciary account assets. The company serves a clientele ranging from individual investors to institutions, focusing on providing administrative solutions rather than direct investment management.
Investment Strategy
The Private Trust Company, N.A. focuses exclusively on providing trust and fiduciary services, partnering with financial advisors to carry out clients' estate and wealth management objectives. The firm does not typically select investments directly but leverages the investment discretion of clients’ chosen financial advisors. Its strategy centers on trust administration, legacy and estate planning, and multi-generational wealth transfer, emphasizing compliance, asset safeguarding, and coordination with investment professionals. PTC offers trustee, successor trustee, co-trustee, foundation trustee, and agent for trustee roles, always maintaining the advisor-client relationship as paramount.
Top Holdings
Equity Positions (2,499)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | Microsoft Corp. | 3.43% | $38.9M | 75,169 | $104.36 | $517.95 | +$1.5M |
A AAPL | Apple Inc. | 3.19% | $36.2M | 141,990 | $52.15 | $254.63 | +$7.0M |
N NVDA | Nvidia Corp | 2.44% | $27.6M | 148,114 | $25.08 | $186.58 | +$4.4M |
S SPY | SPDR S&P 500 ETF | 1.92% | $21.8M | 32,716 | $353.90 | $666.18 | +$1.5M |
A AMZN | Amazon.Com | 1.52% | $17.2M | 78,253 | $78.11 | $219.57 | -$261.5K |