Concord to Provide
First Security Bancorp
With Third-Party Wealth Management
Solutions
Matawan, NJ- July 17, 2007 – Concord, a leader in outsourced
wealth management solutions, has agreed
to provide First Security Bancorp of Searcy, Arkansas with comprehensive third-party
wealth management solutions for its fee-based advisory programs.
As First Security’s wealth management business grew in recent years, its
support operations became increasingly complex, explained Richard
Trumpler, Chief Executive Officer of Concord’s Banking
Services Group. “After an exhaustive review of third-party wealth management
platforms, First Security decided that Concord
was best-equipped to enhance its technology and augment its product platform,”
he said.
According to Lee
Mackey, First Security’s Head of Wealth Management, “Concord offered the high level of customization and
flexibility that we sought, and their extensive experience in the banking
industry will make them a particularly valuable partner.”
Mr. Mackey noted
that Concord’s platform enables First Security to construct client portfolios via a wide
range of unaffiliated and in-house investment products and a sophisticated
asset allocation model.
“By choosing Concord,
First Security will continue to retain and attract high-quality wealth managers
and take their business to another level,” added Mr. Trumpler.
About Concord
Concord helps
financial services organizations compete at a high level in the growing,
fee-based investment advisory business by providing clients with a
comprehensive wealth management platform that can be fully-customized and
quickly brought to market, at a reasonable cost. Concord
works with clients to integrate their service and product strengths into their
own, proprietary private labeled technology platform that respects and reflects
their brand. Concord’s clients
represent a wide range of financial organizations, including trust companies,
banks, broker/dealers, clearing firms, insurance companies and independent
advisory firms.
About First Security Bancorp
First Security Bancorp is a Searcy, Arkansas-based, privately held
financial services holding company. Supported by more than $240 million in
total capital and over $2 billion in assets, First Security Bancorp has the
ability to meet financing needs from $1 to over $100 million. With more than
900 employees covering locations throughout the state, the company offers
solutions for the financial needs of individuals, businesses and the public
sector.
For further information, please contact Holly Hankins, 732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com