PENSCO Trust Company is Now Pacific Premier Trust
For over 30 years, PENSCO has helped clients take an active role allocating their retirement investments, providing them with the opportunity to diversify their portfolios and grow wealth. We're proud to offer award-winning expertise to both individual and institutional investors and as of June 1, 2020, our veteran team of alternative-asset specialists are now Pacific Premier Trust, a Division of Pacific Premier Bank, expanding the capabilities of the of the 5th largest bank headquartered in the Western U.S.1
Our commitment to service you rely on will continue.
Recognized as one of America's Best Banks
Pacific Premier Bank is one of the strongest-performing, most-diversified, and fastest-growing banks in the nation. Founded in 1983 and headquartered in Irvine, California, it serves businesses and individuals throughout the United States.
- Ranked #3 of America's Best Banks by Forbes (2020)2
- 5-Start Rating from Bauer Financial - Recommended for 55 consecutive quarters (2019)
1 Note: Financial information as of 12/31/2019 and market data as of 1/31/2020. Rank based on company headquarters and total assets, excluding CCAR and ethnic focused institutions. Western U.S. includes AZ, CA, NV, OR, and WA.
2 © 2020, Forbes Media LLC. Used with permission.
- Acquisition & Continued Growth | 2016-Present
- Expansion & Innovation | 2010-2015
- Founding & Early Years | 1989-2009
Acquisition & Continued Growth | 2016-Present
On June 1, 2020 PENSCO Trust Company enters a new chapter when it becomes Pacific Premier Trust, a Division of Pacific Premier Bank. Pacific Premier Bank is a wholly owned subsidiary of Pacific Premier Bancorp, Inc (NASDAQ: PPBI).
PENSCO has continued to expand its services to institutions and financial advisors. The company serves as successor custodian to top tier financial services firms and large broker-dealers and has created an innovative API solution to provide custodial support to online investment platforms.
PENSCO continues to make it possible to invest in alternative assets within an IRA and is committed to leading the industry in providing service and education to self-directed IRA investors.
Expansion & Innovation | 2010-2015
PENSCO experiences rapid growth, growing from $5 billion to $10 billion in Assets Under Custody and serving up to 50,000 clients.
In 2012, San Francisco-based PENSCO acquires the self-directed IRA business of Lincoln Trust, a Denver-based alternative asset custodian, and becomes the largest independent custodian of alternative investments based on assets under custody in the United States. From the acquisition, PENSCO focuses on growing its operations in Denver and in 2015 launches the award-winning Alt-Nav fintech solution that streamlines the alternative asset investing process.
Founding & Early Years | 1989-2009
PENSCO's story begins in 1974, when Individual Retirement Accounts (IRAs) are introduced as part of the Employee Retirement Income Security Act (ERISA) legislation, enacted to regulate employee benefit plans. In 1989, Tom Anderson starts PENSCO when he sees an opportunity to help people invest in non-standard assets – like real estate, private equity, and other complex investments – with their IRAs.
PENSCO quickly emerges in the industry as a technology pioneer and becomes an active member of the Retirement Industry Trust Association (RITA), which works to advocate for and educate both consumers and professionals about the self-directed IRA industry. In 2010, after running the company for 21 years, Tom Anderson transitions the role of CEO to a new leader. While maintaining his role as Chairman of PENSCO, he becomes president of RITA - a role he continues to hold through 2019.