Fortigent™

Fortigent Crosses $50 Billion in Platform Assets

September 07, 2011

Rockville, MD, September 7, 2011 — Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, today announced that it reached a corporate milestone of $50 billion in assets on the platform. Approximately 90 firms now use Fortigent to support their investment research, performance reporting, Unified Managed Account (UMA), and alternative investment needs.

Andrew Putterman, CEO & President of Fortigent, commented, “Perhaps counter-intuitively, the market volatility this year has helped us, for two different reasons. First, our industry typically charges fees based on a percent of assets under management (AUM). In a volatile market, controlling costs without sacrificing the client experience may be important to competitive success. That can benefit an outsourcing firm like ours, especially for services like performance reporting.”

“In addition, we are seeing accelerating acceptance of and demand for Access Overlay™, our customizable UMA program. In a low return, highly volatile market, advisors may benefit if they can offer portfolios that are easy to implement, easy to rebalance, and which have the potential for ‘tax alpha’. Despite the market disruptions of the past several months, we have seen net asset inflows and new account openings in Access Overlay™ week after week. We continue to believe that UMAs will be the preferred delivery vehicle for a significant portion of high net worth portfolios within just a few years.”

Added Scott Welch, Senior Managing Director of Investment Research & Strategy, “The second way that market volatility has helped us is that supporting advisors in building and managing globally diversified portfolios with both traditional and alternative investments is one of our core service offerings. We continue to add managers and strategies to Access Alts™, our alternative investment access program, we have added actively managed – that is, non-mutual fund – alternative investments into our UMA, which we believe is pretty innovative, and one of our most important strategic research initiatives is to help our clients navigate the still-nascent but rapidly growing alternative investment mutual fund space.”

Putterman concluded by saying, “We are thrilled and delighted with our growing community of advisor partners. Our fundamental value proposition is helping advisors offer a differentiated wealth management experience. Despite – or perhaps because of – very uncertain economic and market environments, that value proposition is resonating. We will continue to make the necessary investments and strategic decisions to maintain our brand ambition of being 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, MFOs, and independent advisory firms. Services include a broad and open 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