Southwest Securities has announced that it is expanding its product platform by offering customers trust administration services through an alliance with Comerica Bank and Trust.
Comerica will act as the professional trustee for Southwest's clients who maintain or want to establish a trust, with custody of the assets remaining with Southwest. Southwest Securities is one of only 10 broker-dealers partnered with Comerica in this capacity.
"Our alliance with Comerica offers tremendous growth opportunities for [Southwest Securities' Investment Management Group] in both the near- and long-term," said James Ross, president and CEO of Southwest Securities Group. "In addition, it opens new recruiting channels by adding a new dimension to our platform that makes us even more competitive with the major Wall Street firms."
