TimeCapital Securities Corp. is applying the "boutique" concept in financial services to unit investment trusts, and the result is a new player in the market -- an independent unit trust desk.

The independent desk offers brokers and dealers a way to sell a full range of unit trust products -- including customized unit investment trusts -- without paying any overhead. The new TimeCapital division, nicknamed TCUT for TimeCapital Unit Trusts, is the brainchild of Daniel B. McCarthy, former unit trust national sales manager at Bear, Stearns & Co. and managing director at TimeCapital.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.