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First Interstate Bank Selects Fortigent as Strategic Partner
May 05, 2008
Rockville, MD, May 5, 2008 -- Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting ultra high net worth clients, today announced it has been retained by Montana-based First Interstate Bank. First Interstate Bank, a $6 billion organization, offers a full range of banking, financial, and wealth management services to individuals, businesses and municipalities throughout Montana, Wyoming and the Black Hills of South Dakota. It has been recognized this year as one of America’s top 25 banks by US Banker Magazine.
“First Interstate is committed to increasing its market share in the wealth management arena, with a greater focus on attracting and retaining institutional and ultra high net worth clients,” says Paul McKean, Vice President of First Interstate’s Wealth Management Division. “Fortigent will help us cater to this market segment by enhancing our ability to evaluate traditional and alternative investment strategies and managers.”
“We are delighted to welcome First Interstate Bank as a client,” says Andrew Putterman, Fortigent’s President & CEO. “First Interstate’s strategies for growth, coupled with their client-focused commitment, closely align with Fortigent’s business model. We look forward to a very productive relationship.” According to Tim Stinson, Managing Director of Fortigent, “It’s quite a statement to have an organization like FIB, whose target client has investable assets of $25M,select you as a partner. Fortigent is in the business of helping its partners enhance their clients' wealth management experience and we look forward to working with FIB long into the future,” says Stinson.
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 First Interstate Bank. First Interstate Bank is a multi-state, $6 billion banking organization headquartered in Billings, Montana. First Interstate Wealth Management provides a comprehensive array of financial services, including investments, trust and retirement services, to high net worth and institutional clients in Montana, Wyoming and South Dakota.
