TrustCard provides securities-backed liquidity solutions that allow high-net-worth individuals to access funds without liquidating their investments, thereby maintaining their asset positions and deferring capital gains taxes. This service enhances financial flexibility for clients facing large expenses or investment opportunities while minimizing setup costs and interest charges.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
High-net-worth individuals often face the dilemma of needing liquidity without wanting to liquidate their investment portfolios, which can trigger capital gains taxes and disrupt their long-term investment strategies. Traditional lending options may not be ideal due to setup costs, interest charges, and the potential need to sell off assets.
Solution
TrustCard provides securities-backed lines of credit, enabling high-net-worth individuals to access liquidity without selling their investments. Clients can borrow against their portfolios, including alternative investment funds, to meet large expenses or capitalize on investment opportunities while deferring capital gains taxes. This solution offers financial flexibility with interest charges only applied to the funds used and no setup fees. TrustCard also offers a branded credit card that provides exclusive access and experiences, aligning with the lifestyle and preferences of high-net-worth individuals.
Target Audience
TrustCard primarily targets high-net-worth individuals seeking financial flexibility and liquidity without disrupting their investment portfolios, as well as Registered Investment Advisors (RIAs) and Alternative Investment Funds (ALTs) looking to enhance their service offerings and attract more investors.
Features
- Securities-backed lines of credit against diverse asset portfolios, including alternative investments
- Access to liquidity without triggering capital gains taxes
- No setup fees and interest charges only on funds used
- Branded credit card offering exclusive access to events and experiences
- White-label securities-backed liquidity solution for Registered Investment Advisors (RIAs)
- Enhanced liquidity for investors in Alternative Investment Funds (ALTs)