Business Services Industry
RIA Firm Fintegra Launches on FundQuest's Institutional Spectrum Platform
Business Wire, August 19, 2008
BOSTON -- Fintegra Financial Solutions has joined FundQuest in a partnership to make FundQuest's Institutional Spectrum(sm) platform available to Fintegra's financial advisors. Fintegra, based in Minneapolis, Minnesota, has more than $140 million in assets under management. FundQuest is a leading provider of technology-based productivity tools, back-office operational support, and investment due diligence services to financial advisory businesses.
The Institutional Spectrum(sm), platform offers a full suite of investment products and capabilities and features eight different types of managed accounts. The product offering includes five different types of mutual fund managed accounts including two different Russell offerings, a separately managed account, a unified managed account, and an advisor directed account consisting of mutual funds, SMAs, ETFs, and individual stocks and bonds.
"FundQuest's solution removes significant administrative and investment research burdens so that advisors can spend more time building relationships with their clients and accelerate their growth," explains Maryanne Morrow, Vice President, National Accounts at FundQuest. Advisors benefit from: investment management expertise, product diversification, back office administrative support, consolidated performance reporting, and technology based productivity tools."
Fintegra custodies assets with Schwab Institutional, a leading provider of custodial, operational and trading support to independent investment advisors and a division of Charles Schwab & Co., Inc. FundQuest's platform provides direct connectivity to Schwab Institutional's services.
Institutional Spectrum provides the flexibility to create highly customized investment programs to meet the specific investment objectives of each investor client. FundQuest's UMA will enable Fintegra to coordinate ETFs, mutual funds, and separate account strategies within a single client account.
In February, Signature Resources Capital Management, a registered investment advisor with a staff of over 80 financial advisors, was the first firm to launch on FundQuest's Institutional Spectrum platform.
About FundQuest
FundQuest is the best partner to help financial institutions and their financial advisors to grow their business. Services are delivered via partnerships with over 110 financial institutions. The combined US and European operations of FundQuest have $64 billion in assets under management and administration. Services are offered in the US through FundQuest Incorporated, a Registered Investment Advisor founded in Boston, MA in 1993.
Financial institutions leverage FundQuest's flexible menu of wealth management solutions to provide: retirement income management, unified managed accounts, mutual fund advisory, separately managed accounts, trust services, annuities, exchange-traded funds, and alternative investments.
FundQuest is the most innovative and flexible partner with the best overall support for advisors and management. The company's open architecture investments, objective investment management services, and sales and back-office support services help financial advisors to address their clients' important financial goals. FundQuest is owned by BNP Paribas, a global leader in financial services. Additional information at www.funquest.com/usa
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