Allegiant Institutional Services is a business unit of National City Bank. Since 1845, National City’s distinguished heritage of strength and stability has brought peace of mind to clients like you. We offer a full range of custodial services including safekeeping of securities, trade settlement management, income collection, cash management, corporate action processing, securities lending and master trust accounting.
We commit to deliver to you:
- High touch customer service through our specialized and dedicated client service team
- State of the art online application for in-depth reporting and analysis of transactions, assets and funds
- Timely and precise transmission of securities trade and settlement
- Dividend and interest income automatically credited to your account on payable date
- A dedicated team to facilitate accurate and timely payment processes, employee/participant benefit payments and monthly pension installments with tax reporting
- Advanced automated notice of corporate actions that may occur on your investments such as calls, redemptions, mergers and liquidations
- Safety of your assets – all assets held in trust or custody accounts are legally separate from bank assets
- Comprehensive financial reporting for multiple funds and/or multiple investment advisors
- Opportunity to generate incremental income on your assets through securities lending*
- Through Allegiant, National City's corporate trustee services to ensure safety and security of your assets and provide an added level of fiduciary oversight
*National City Bank has engaged Union Bank of California, N.A. *UBOC) to act as agent bank for securities lending. UBOC is responsible for performing due dilegence to mitigate operational and market risks.