Livingston, N.J. & Boston — The GMS Group LLC, a full-service brokerage specializing in tax exempt municipal bonds, announced it has launched a new managed account platform with an array of new offerings. FundQuest, a wealth management solutions provider owned by BNP Paribas, will support GMS Group's financial advisers with a suite of technology-based productivity tools, investment research and monitoring services.
The GMS Group's new platform is designed to offer its high-net-worth clients a variety of managed account solutions, including mutual fund models, universal life products, Unified Managed Accounts with FundQuest overlay management, Separately Managed Equity Account models and ActivePassive Portfolios, including exchange-traded funds.
"Both our advisers and high-net-worth clients will benefit from the depth and breadth of our new platform's investment products, and the quality of FundQuest's research and support services," says Tim Donohue, EVP/COO of The GMS Group. “We can expand our relationships with our existing fixed-income clients and compete with any firm for managed equity accounts.”
According to Maryanne Morrow, VP of national accounts at FundQuest, "GMS will supplement their fixed income expertise with a new array of carefully researched and monitored open architecture investment products. Their advisers will gain efficiency with FundQuest's proven Web-based portfolio diagnostics tools."
Sources: Businesswire, FundQuest
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