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Fortigent Welcomes Davidson Trust Company
June 11, 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 Davidson Trust Company. Davidson, located in Devon, Pennsylvania, made news earlier this year when a majority interest in the 34-year-old company was acquired by Boston Private. The firm manages approximately $1 billion in equity and fixed income investments.
“We are looking to build a truly customized investment solution for our investors, and our relationship with Fortigent will help us to achieve this goal” says Alvin A. Clay, III, CEO of Davidson Trust Company. “Our sense of the market is that there is still a place for traditional portfolio management, but also an interest in a ‘core and explore’ approach, and an increasingly strong market for a full open architecture solution. By keeping Davidson’s well-established money management capabilities, and adding the platform that Fortigent has built for the ultra high net worth investor, we can offer our clients a unique blend of model portfolios. We will adapt to the client’s profile, not insist that they adapt to ours.” In addition, Clay notes that the relationship will provide Davidson with the “expanded platform and ability to service larger clients.”
“We are delighted to enter into this strategic partnership with Davidson,” says Scott Welch, Senior Managing Director of Investment Research & Strategy at Fortigent. “It brings together two firms with well-established reputations for investment excellence. Our goal is to complement Davidson’s core strengths and help them expand their investment options to enhance the overall client experience.”
“Plus,” notes John Yackel, a Managing Director of Business Development at Fortigent, “we will work with Davidson to help them differentiate themselves within the marketplace, leveraging Davidson’s long-standing legacy as a leader in the industry with Fortigent’s ‘best in class’ expertise in asset allocation, the use of alternative investments, and performance reporting for the taxable high net worth investor.”
About Fortigent: Fortigent, LLC delivers a fully integrated and customizable business-to-business outsourced wealth management solution to banks, trust companies, and independent advisory firms. Services include an “open architecture” investment platform with particular expertise in alternative investments, a flexible unified managed account program, and consolidated wealth reporting. Fortigent’s web-based portal interface allows access to proposal and rebalancing tools, client portfolio reporting and accounting, as well as industry articles, research papers, and other practice management and business development resources.
About Davidson Trust Company. Davidson Trust Company has provided Comprehensive Wealth Management solutions for the unique and changing needs of investors for over 30 years. Today, it manages approximately $1 billion in assets for affluent individuals and select institutions. Davidson combines the customization and personal touch of a financial “boutique” with the depth and experience one might find in a larger institution. Davidson Trust Company is jointly owned by its principals and Boston Private Financial Holdings, Inc., which is publicly held and trades on the NASDAQ stock exchange. Boston Private Financial Holdings is the parent of operating subsidiaries that offer a broad range of services including financial planning, private banking and investment management.
