Maryland-based Fortigent, a provider of outsourced wealth management solutions for financial advisors and institutions, has announced that it has been retained by Evercore Wealth Management (EWM), an advisory firm offering independent and objective advice and services to high net worth clients.
EWM has said that Fortigent was selected to provide both unified wealth reporting and to perform due diligence on outside managers in all investment categories to complement its existing in-house investment strategy.
Christopher Zander, Partner and Wealth Advisor of EWM, said: “We were impressed by the overall strength of Fortigent’s solution, in particular their experience and expertise in performing third party due diligence, the sourcing of investment managers for both traditional and alternative strategies, and their ability to use their collective size to negotiate access, fees and minimums. We also see high added value in their comprehensive data aggregation and consolidated performance reporting capabilities.”
“Fortigent is well known in the industry for delivering an institutional quality open architecture investment platform, and it was important that they were able to demonstrate an understanding of how to integrate this platform into our trust solution,” he added.
John Yackel, Managing Director of Sales at Fortigent, said: “We believe our relationship with Evercore will prove to be an exceptional partnership. The combination of Fortigent, Evercore Partners, Evercore Wealth Management, and Evercore Trust Company will provide high net worth investors with a comprehensive and objective wealth management solution that meets their often-complex needs. Evercore has the experience and expertise to work with the most sophisticated clientele, while still maintaining a client-centric service model. This is a powerful combination.”
Evercore Partners, an investment banking boutique and investment management firm, launched Evercore Wealth Management and a newly-chartered national trust bank, Evercore Trust Company.
