Eastern Investment Advisors (EIA) has partnered with FundQuest to launch a new managed account platform to expand the services offered to its investor clients. The company has stated that EIA will use a customized managed account platform developed by FundQuest and services will be offered to investor clients through Eastern Bank offices and may also be provided through other banks.
Additionally, the financial advisors at Eastern Bank will use the new platform to provide their high net worth clients with EIA’s managed mutual fund and ETF models.
George Zydel, vice president at Eastern Investment Advisors, said: “Both our advisors and high net worth clients will benefit from the features of our new customized technology and the quality of FundQuest’s back-office services.”
David Root, vice president, institutional sales, at FundQuest, said: “Eastern Bank’s advisors have new capabilities to increase the efficiency and responsiveness of their personalized portfolio services.”
FundQuest, a provider of managed account solutions, supports financial advisors with technology-based productivity tools, investment due-diligence, back-office operations, and reporting services.
Eastern Investment Advisors (EIA) is a wholly-owned subsidiary of Boston based Eastern Bank.
