The Fieldpoint said the acquisition enabled it to include debt and equity securities transactions as well as insurance and annuities contracts.
Fieldpoint Private president & CEO Robert Matthews said that the addition of Nutmeg Securities and its technology complements Fieldpoint Private’s independent wealth management platform and investment capabilities.
Established in 1986, Nutmeg Securities was purposely aligned with the interests of its clients and traders, ensuring conflict-free wealth management decisions. It focused on meeting needs and expectations of its clients providing agency-only, execution and settlement services, and will add to the existing wealth management expertise at Fieldpoint Private.
Nutmeg Securities, a subsidiary of Fieldpoint Private Bank & Trust, will exist as a wholly-owned operation of Fieldpoint Private from its Westport, Connecticut, location.
