A new managed account program offered by FundQuest Incorporated is being made available by JP Morgan's Broker Dealer Services business.
The program, Advisor Gateway, provides access to FundQuest's advanced technology, reporting, portfolio modeling, fund selection, and rebalancing. Other services include due diligence, training, back-office services and wholesaling support. The managed account offerings on Advisor Gateway include Unified Managed Accounts, Mutual Fund Portfolios, Income Portfolios, and Separately Managed Accounts. The new program also offers Advisor Choice, an advisor/client constructed portfolio with various asset types utilizing FundQuest tools including asset allocation and performance reporting.
FundQuest, a leader in outsourced managed account solutions, has 180 advisory firms as clients and $40 billion in assets under management in its combined U.S. and European operations.
According to James L. Fox, President and CEO at FundQuest, "Our project team worked to build the new platform's functionality based on the priorities of J.P. Morgan's correspondent broker-dealers. Financial advisors who use J.P. Morgan Clearing Corporation's clearing and custodial capabilities will now have access to FundQuest's web-based proposal generation, portfolio diagnostics, performance reporting, and open architecture investment research capabilities."