Fortigent™

Fortigent Records Strong First Half Growth

July 29, 2010

Rockville, MD, July 29, 2010 — Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, today announced that the first half of 2010 represented its best six month period ever in terms of new client partnerships and the renewal of existing client relationships. Twenty-two firms, representing banks, trust companies, and both start-up and existing RIAs selected Fortigent as their outsourced solutions provider. The record first half brings Fortigent’s client relationships to more than 80 firms that collectively advise high net worth clients on more than $40 billion in assets.

Andrew Putterman, CEO & President of Fortigent, commented, “The first half of 2010 saw the wealth management industry come out of the ‘defensive crouch’ it had been in since the fall of 2008. Advisors began to focus again on growing their practices, and they wanted to make sure they had the right solution for sophisticated clients putting ‘money in motion’.”

“We were hired by a number of high net worth advisors that broke away from larger financial institutions and established newly independent firms. Several already existing firms partnered with us so they could focus on their core competencies while still delivering a comprehensive high-end solution to their clients. We also had regional banks and trust companies partner with us to enhance their overall offering so they could aggressively grow their businesses in a cost-effective manner.”

“There has been a lot of discussion about the industry being on ‘the cusp’ of delivering ‘household’ reporting – that is, full data aggregation and consolidated performance reporting on both internal and held away assets. We think that is terrific because we have been delivering that to our clients for more than 15 years and our reporting solution is a core component of our value proposition.”

“Finally, we are seeing increased interest in Access Overlay™ and Access Alts™, our Unified Managed Account and Alternative Investment platforms, respectively. We built these platforms to take advantage of what we believe will be a growing demand for sophisticated investment solutions by advisors targeting the high net worth marketplace.”

“We are thrilled and delighted with our growing community of advisor partners. We remain dedicated to helping them deliver a differentiated wealth management experience and will continue to invest in the technology and talent necessary to maintain our brand as the ‘go to’ outsourced wealth management solution for advisors targeting high net worth clients.”

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. For more information, visit www.fortigent.com. < previous page