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Fortigent Welcomes WealthTrust LLC
November 13, 2007
Rockville, MD— WealthTrust LLC has joined the elite client roster of Fortigent, LLC, a provider of wealth management solutions and consulting services for advisors and financial institutions focusing on high net worth clients.Last year, when WealthTrust, LLC signed a deal with a private-equity partner, the Nashville-TN-based holding company announced that it had gained the geographic freedom to take its regional business model nationwide. The firm is a “RIA Aggregator”, whereby it acquires minority or majority positions in multiple independent advisory firms, providing those firms with both additional capital for expansion and shared centralized support services for cost control and brand building.”
“Today, WealthTrust is clearly poised for continued national growth,” says WealthTrust CEO, Rusty Benton, “and our strategy is to engage the best support services available for our affiliates.” The company, which currently has 11 affiliated investment management firms in ten states that collectively manage in excess of $8 ½ billion in assets, provides support in the areas of compliance, technology, back office and client services.
“We are impressed by WealthTrust’s strong business model, and pleased to be a part of their expansion goals, says Fortigent President & CEO, Andrew Putterman. “Our companies share a lot of common ground, and we feel that this synergy will be invaluable in helping us to support WealthTrust’s efforts.”
About Fortigent. Fortigent provides outsourced wealth management solutions and consulting services to investment advisory firms and financial institutions who serve ultra high net worth clientele. With $18 billion of assets on its platform, the firm offers a differentiated suite of tools and services to wealth management advisors which help them grow and position their businesses by combining institutional quality investment research and analytics with comprehensive, high-touch consulting services on business practice issues, including sales and marketing, organizational operations and business strategies.
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