For over 30 years, Pacific Premier Trust has been a prominent player in empowering investors to take an active role in allocating their retirement investments. As a reputable custodian company, they specialize in offering self-directed Individual Retirement Accounts (IRAs) and expertise in alternative assets to both individual investors and institutions. With a rich history and a commitment to excellence, Pacific Premier Trust has proven to be a reliable partner for investors seeking to diversify their portfolios and grow their wealth in unique and unconventional ways.
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A Strong Foundation – Background and Company Overview
Pacific Premier Trust’s journey began in 1989 when it was founded as PENSCO Trust Company. Over the years, the company has experienced significant growth and success, solidifying its position as one of the most well-capitalized organizations in the self-directed IRA industry. In 2020, Pacific Premier Bank’s acquisition of Opus Bank and its wholly-owned subsidiary, PENSCO Trust Company, led to the evolution of PENSCO into Pacific Premier Trust. This strategic move not only strengthened the company but also expanded its capabilities, making it a more formidable force in the industry.
As part of the 5th largest bank headquartered in the Western U.S., Pacific Premier Trust enjoys a robust financial backing, which further enhances its credibility as a custodian company. With over $21 billion in total assets, Pacific Premier Bank’s support allows Pacific Premier Trust to offer a comprehensive suite of services and maintain its commitment to providing top-notch solutions for clients.
Clients and Solutions – A Priority
One of the core principles of Pacific Premier Trust is to prioritize clients and provide tailored solutions that meet their specific needs. Their expertise in the custody of alternative and standard assets has garnered the trust of institutions that rely on their services to safeguard their clients’ alternative assets. On the individual investor front, Pacific Premier Trust’s dedication to providing exceptional service shines through in every transaction. With a highly regulated and experienced team, including industry experts such as Tamara Wendoll (Sr. EVP, President of Pacific Premier Trust) and William G. Eustis (EVP, Head of Sales & Strategic Partnerships), the company ensures that each client receives personalized and professional support.
A Timeline of Success – Pacific Premier Trust Through the Years
Over the years, Pacific Premier Trust has earned recognition for its pioneering achievements in the alternative asset custodian industry. In 1990, they became the first custodian to enable clients to view their transactions and asset holdings online, setting a precedent for digital accessibility. Four years later, in 1994, Pacific Premier Trust made history again by becoming the first alternative asset custodian on the Internet, reaffirming their commitment to embracing technological advancements.
Throughout the years, Pacific Premier Trust continued to innovate, introducing groundbreaking features such as the Power Professional Directory, a comprehensive national reference database of professionals who are well-versed in working with alternative asset investments. This directory includes Registered Investment Advisors, CPAs, attorneys, and other financial professionals, providing investors with access to experts in the field.
Excellence Recognized – Awards and Accolades
Pacific Premier Trust’s commitment to innovation and client-centric solutions has been acknowledged by industry peers. Their Alt-Nav™ online investing platform, designed to simplify investment processes, received the prestigious “Most Innovative Technology Solution” award at the 2016 HFM US Technology Awards. This recognition highlighted their dedication to providing cutting-edge technology solutions that enhance the investor experience.
In addition to industry awards, Pacific Premier Trust’s Alt-Nav platform also received accolades from WealthManagement.com, further cementing its reputation as an industry leader in technology-driven investing.
Expanding Capabilities – Institutional Custodian Solutions
As Pacific Premier Trust continued to grow and diversify its services, the company developed Custodian Connect™, an API-driven solution that provides investment platforms with a seamless and paperless process for clients to invest via an IRA. This solution revolutionized the investment experience for clients, streamlining processes and offering greater convenience. As a result, the company was selected by prominent broker-dealers such as Morgan Stanley and UBS as successor custodians for their clients’ alternative assets held in IRAs.
Advancing Services and Merging Strengths
In 2019, Pacific Premier Trust expanded its services further by launching Fund Custody Services for Private Funds. Drawing on their 30 years of experience in alternative asset custody, the company now offers support for custodying private funds, providing valuable assistance to Fund Managers and Registered Investment Advisors as they navigate the complexities of the Custody Rule.
The year 2020 marked a significant milestone in Pacific Premier Trust’s history as PENSCO officially became Pacific Premier Trust on June 1, 2020. This transition reinforced their position as a division of Pacific Premier Bank, combining the strengths of both entities to offer a wider range of exceptional services to their clients.
The Services Offered
Pacific Premier Trust caters to a diverse clientele and offers an array of services to meet varying needs. For individual investors, family offices, and institutions alike, their self-directed IRAs provide unparalleled investment flexibility. Additionally, they offer Custodian Connect™ API, enabling investment platforms to provide clients with an integrated and paperless process for IRA investments. Furthermore, they provide ESOP services, private fund custody, co-investment programs, successor custodian relations, and investment management solutions, catering to a wide range of investment preferences.
Who They Serve
Pacific Premier Trust serves a diverse client base that includes individuals, family offices, asset and fund sponsors, broker-dealers and registered investment advisors (RIAs), investment platforms, ESOP trustees, defined benefit plans, and various professional service providers. Their commitment to serving a wide array of clients reflects their dedication to making alternative asset investing accessible and advantageous for a broad audience.
Conclusion
Pacific Premier Trust’s journey as a leading custodian company has been characterized by innovation, dedication to clients, and industry recognition. With a rich history spanning over 30 years, they continue to empower investors with self-directed IRAs and comprehensive alternative asset custody solutions. Before making investment decisions, investors are encouraged to explore Pacific Premier Trust’s exceptional services and offerings further. As they continue to evolve and expand, Pacific Premier Trust remains a compelling choice for individuals and institutions seeking to grow and diversify their wealth through alternative investments.
FAQs
Q : What is Pacific Premier Trust’s history?
A : Pacific Premier Trust was founded as PENSCO Trust Company in 1989 and evolved through acquisitions and expansions to become a division of Pacific Premier Bank.
Q : What services does Pacific Premier Trust offer?
A : Pacific Premier Trust provides self-directed IRAs, Custodian Connect™ API, ESOP services, private fund custody, co-investment programs, successor custodian relations, and investment management solutions.
Q : Who does Pacific Premier Trust serve?
A : Pacific Premier Trust serves individuals, family offices, asset and fund sponsors, broker-dealers and registered investment advisors (RIAs), investment platforms, ESOP trustees, defined benefit plans, and various professional service providers.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
