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iPRO One, Inc. Forms Strategic Partnership with Fortigent
November 03, 2008
iPro One announced today that it has retained Fortigent LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting ultra high net worth clients to help enable its nation-wide CPA Wealth Management Platform. iPro One, which is headquartered in New York and with affiliate offices in Fort Myers, Palm Beach, and Denver, announced earlier this year that it had launched a new platform for wealth management practices within CPA firms. As part of this initiative, the firm recently purchased an ownership interest in HbK Sorce Financial LLC, a CPA-affiliated wealth management firm with more than $1.4 billion in assets under supervision. In addition, iPro One recently announced that it has reached an agreement to acquire an ownership of Tegra Financial Partners, an affiliate of Haif, Arogeti & Wynne LLP, Georgia's largest independent accounting firm with more than $400 million in AUM. Both HbK and Tegra are ranked amongst the country's top 100 CPA firms and have award-winning investment advisory and wealth management practices with combined assets under management of approximately $1.6 billion.
We were attracted by Fortigent’s understanding of high net worth investors, its open architecture investment platform, its expertise in alternative investments, and its consultative service model,” says iPro One Senior Vice President, Keys Tinney, CFP®. “In addition, we were seeking a firm that sponsored a high quality Unified Management Account (UMA) program that integrates and coordinates multiple investment strategies within a single account in a tax-effective manner that CPA firms can use. We really like Fortigent’s Access Overlay™ program, which not only specifically targets the high net worth market but also allows our advisors to customize investment solutions, both to their business model and to their end investor’s objectives. This flexibility, combined with the high quality of Fortigent’s research capabilities, will help us to meet our goal of ensuring that our CPA advisory firms have the tools necessary to maximize their clients’ wealth management experience and meet their fiduciary responsibilities.”www.iproone.com.
You would be hard-pressed to find two firms whose business models and perspectives on the wealth management industry are more closely aligned,” says Andrew Putterman, CEO & President of Fortigent. “We are impressed by iPro One’s commitment to providing a top-tier wealth management solution for their CPA wealth advisory firms, and look forward to being an important partner in their success.”Earlier this year, Fortigent announced that it had partnered with industry leader Parametric Portfolio Associates to serve as the overlay manager for Fortigent’s Access Overlay™ UMA platform. “The combination of iPro One, Fortigent, and Parametric should be a powerful force across the CPA wealth management landscape,” says John Mastal, Business Development Officer at Fortigent. With these three firms working together, iPro One advisory firms and end clients should be confident that their portfolios are being managed in an investor-focused, performance-driven, and tax-effective manner.”
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 iPro One: iPro One, Inc. is a privately-held financial solutions company that acquires ownership positions in wholly-owned wealth management and investment advisory practices of leading CPA firms. The Company integrates the CPA360 platform and investment expertise within CPA firms and wealth management firms to help them unlock hidden revenue, attract high net-worth clients, enhance brand awareness and provide succession planning options for firm partners. For more information on iPro One, visit: www.iproone.com.
