National Advisors Trust, an independent RIA-owned trust company that works with more than 135 RIA firms nationwide, said Monday that James A. Combs Jr., has been tapped as its new CEO.
Prior to joining Overland Park, Kan.-based NATC, Combs was the chief operations officer for SEI Investment Manager Services, where he led improvements in its alternative investments unit. He has been in the financial services industry for more than 20 years.
“I am excited to join National Advisors Trust, and to have the opportunity to lead the trust company in creating sustainable earnings growth for the future,” said Combs (left) in a press release. “With the investments NATC has made in its technology, infrastructure, and trust and custody services, the company is well positioned for increased profitable growth.”
As of March, NATC says its assets under administration top $8 billion, revenue growth has increased 18% in the past year, and profits are 50% higher than 2012 through the first two months of the year. (In March 2011, the trust firm had about $3.7 billion in assets.)
“Jim’s impressive record of accomplishments, his leadership style, his knowledge of the trust and custody industries, and his approach to strategy and vision for the company made him the ideal candidate for CEO,” said Robert S. Kaspar, chairman of the Board for NATC and a managing principal of the Windsor Group, in a statement. “We are gratified to have such a strong, experienced CEO to lead us in fulfilling our vision, mission and business growth strategies.”