Fortigent™

Kanaly Trust Selects Fortigent as Strategic Partner

March 05, 2008

Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, today announced it has been retained by Houston-based Kanaly Trust, which manages approximately $2 billion in assets and serves as trustee or executor for estates totaling more than $2.5 billion, to support its move toward a full open architecture investment platform. 

“Kanaly Trust has partnered with Fortigent to provide our clients with an even broader and more distinct investment platform centered around open architecture wealth management products and solutions,” offers Kanaly Trust’s president and chief executive officer David Doll. “In addition, we consider tax efficiency to be a paramount concern for our clients and we are pursuing a Fortigent-sponsored UMA platform that will take Kanaly’s tax consideration to the next level.” 

Kanaly sees strong headwinds ahead for clients in terms of rising taxes. “Given the sunset of the Bush tax cuts and our views on leadership from Washington in the years ahead, we’ve probably seen the low point for supply-side based taxes for a generation,” says Doll. Fortigent enhances Kanaly’s ability to evaluate unique investment solutions, quantify and manage risk, and optimize after-tax returns. “We see these being key to providing value to our clients in the coming years,” he added.

“We are very pleased that a firm of Kanaly’s caliber chose Fortigent as a partner in transitioning to an open architecture platform,” said Andrew Putterman, Fortigent’s president & CEO. “Kanaly is a ‘perfect fit’ for Fortigent, and we look forward to helping them enhance their clients' wealth management experience.” 

About Fortigent. Fortigent provides outsourced wealth management solutions and consulting services to investment advisory firms and financial institutions that serve ultra high net worth clientele. With $20 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.

About Kanaly Trust. Kanaly Trust is a wealth management firm with approximately $2 billion in assets under management. In addition to managing assets, the company provides comprehensive financial planning and trust/estate services to families, individuals and estates with assets in excess of $1 million. The firm is independent of any banking or corporate relationships and does not promote specific financial products or services. Kanaly also serves as the trustee or executor for estates totaling more than $2.5 billion, and works with clients in more than 41 states and eight countries. Based in Houston, Kanaly Trust was founded in 1975 by Deane Kanaly. For more information, visit www.kanaly.com or call 1-888-4-KANALY.
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