Trustco Bank (Glenville)

Name: Trustco Bank
Address: 3 Sarnowski Drive, Glenville, NY, 12302
Telephone: (518) 381-3644

Trustco Bank is a large advisory firm based in Glenville. It manages $886.49 million of regulatory assets for 1,056 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 13 other states.

Trustco 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 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Trustco Bank: assets under management

The assets under management (AUM) of Trustco Bank is $886.49 million. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $677.49 million in discretionary accounts and $209 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $673.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.18 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Trustco 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 Bank

Barton Anthony Andreoli has been acting as President since 1 Jul 2000. Thomas O'rourke Maggs joined the executive team most recently as the Director.

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
Trustco Bank Corp Ny	Owner	1 Nov 2002	75% - 100%	14-1630287
Robert M. Leonard	Vice president & secretary	1 May 2003	Other	4675942
William Purdy	Director	1 May 2003	Other	4756112
Robert Michael Leonard	Vice president & secretary	1 May 2003	Other	4675942
William Joseph Purdy	Director	1 May 2003	Other	4756112
Robert Thomas Cushing	Executive vice president/cfo	1 Jan 2004	Other	4591479
Scott R. Salvador	Executive vice president	1 Jan 2004	Other	4756114
Scott Reynold Salvador	Executive vice president	1 Jan 2004	Other	4756114
Joseph Anthony Lucarelli	Director	1 May 2004	Other	4591480
Anthony James Marinello	Director	1 May 2004	Other	4591481
Robert Arthur Mccormick	Chairman/director	1 May 2004	Other	4591488
William Dodd Powers	Director	1 May 2005	Other	4591498
Robert Joseph Mccormick	President/ceo/director	1 Jun 2005	Other	4591492
Thomas O'rourke Maggs	Director	1 Jul 2005	Other	5009933

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 Bank performs its advisory services is located at 3 Sarnowski Drive, Glenville, NY 12302, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (518) 381-3644 or by fax (518) 381-3608. 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.