FundQuest, a provider of managed account software, partnered with United Capital to build a customized suite of technology-based sales and productivity tools, back-office operations, portfolio accounting services, best-of-breed investments, and transition support teams, according to a news release.
UCFA said the services will integrate with its existing portfolio management capabilities. FundQuest will provide reporting aggregation, operational and workflow management technology, portfolio accounting integration, and sales and financial planning tools. Advisers will be able to work with multiple custodians and report on held-away assets, the company said.
FundQuest offers open-architecture solutions, including hybrid active and passive strategies, and income-oriented portfolios, according to the release.
“Our partnership with FundQuest enables us to provide RIAs and independent advisers with the best set of wealth management tools, technology, products, and support services available today,” said Joe Duran, CEO of United Capital, in the release. “These expanded services will help us continue to attract breakaway brokers from firms like Merrill Lynch as well as independent RIAs looking to materially improve their practices.”
United Capital, an independent national network of advisers, said it oversees more than $9 billion of client assets at 20 offices nationwide.