First Hawaiian selects FundQuest technology for wealth management platform
11 October 2006 | 1779 views | 0
First Hawaiian Bank announced today that it has just launched a new wealth management platform through a strategic partnership with FundQuest Incorporated, a leading provider of turnkey asset management solutions for financial institutions.
First Hawaiian's new platform, PrivateInvest, is a comprehensive investment portfolio selection and management program. The platform's open architecture integrates FundQuest's best of breed investment and separate account manager selection process with First Hawaiian's proprietary investment management team.
FundQuest's wealth management platform was customized to meet the specific investment advisory needs of First Hawaiian, its investment officers, and its clients. First Hawaiian will use the platform to develop investment strategies and asset allocation proposals that are based on each individual client's tolerance for risk, financial goals, and time horizons.
"We are pleased to make this proven investment program available to our customers. Clients today want a choice of professional, high quality investment management options that are effective, cost-efficient and customizable," according to Donald G. Horner, First Hawaiian president and chief executive officer.
FundQuest's wealth management platform is available to bank trust departments, private banks, bank broker-dealers, insurance companies, independent broker-dealers, and registered investment advisors. FundQuest also provides integration services for clients who want their existing trust accounting systems linked to FundQuest's wealth management platform.
According to Robert Del Col, President of FundQuest, "With the launch of PrivateInvest, First Hawaiian will be well positioned to accelerate the growth of their assets. First Hawaiian is among the leaders in the rapidly growing demand for open architecture services by bank trust and wealth management companies."