Concord to Provide Fulton Financial
Advisors
With Open Architecture Wealth Management
Platform
Matawan, NJ- December
12, 2007 – Concord,
a leader in wealth management solutions for banks and other financial
institutions, will provide Fulton
Financial Advisors (“Fulton”), an affiliate of Fulton Financial
Corporation with a comprehensive open
architecture wealth management platform. Headquartered in Lancaster,
PA, Fulton
is a $6 billion provider of investment, private banking, trust and retirement
services.
Fulton selected Concord for its broad range of
portfolio construction capabilities and investment options, including third
party managed separately managed accounts, mutual funds, ETFs and overlay
manager models, noted Richard Trumpler, Chief Executive Officer of Concord’s
Banking Services Group. “After an extensive, nine-month period of due
diligence, during which time Fulton evaluated a number of well-established, accomplished
firms, Fulton decided that Concord’s robust technology
and comprehensive manager platform would best enhance its existing capabilities
and help to grow its assets under management,” he said.
According to David Hanson, Fulton’s Chief Executive Officer,
“It seems increasingly clear that the way for banks to reclaim market share is to
embrace open architecture and ensure that our clients have all of the necessary
investment tools including third-party asset managers and overlay.”
“We’re certain that Concord,
by virtue of their high degree of flexibility and customization, and successful
client-centric approach, will enable us to fulfill this need,” he added.
“We are impressed by
the broad scope of Concord’s solution, which includes traditional SMAs, UMAs with a tax-managed
overlay, mutual funds and ETFs,” said Jerry Larish, Fulton’s
Chief Investment Officer. “The flexibility
of Concord’s expansive open architecture solution will
enable our platform to continually evolve to accommodate new product advances
and client preferences as the market evolves,” he said. Mr. Larish also said that,
in addition to portfolio construction capabilities and investment solutions,
Fulton expects to benefit from Concord’s training and marketing support.
About Concord
Concord designs,
develops, and administers wealth management programs for numerous financial
institutions including Trust and Private Banking Firms, independent financial
advisors, broker dealers and family offices. Concord’s
team of experienced financial and technology professionals is frequently called
upon to consult on open architecture wealth management platform design elements
resulting in customized solutions for the wealth management intermediary.
By integrating some of the world’s best money managers with the financial
institution’s existing asset management talent, Concord
is able to dramatically expand the firm’s asset management capabilities.
Thorough manager due diligence, comprehensive portfolio design techniques,
trust accounting and custodial interfaces, performance reporting, and numerous
analytical tools are delivered to the client via an extremely robust technology
platform. Please visit www.concordwealthmanagement.com.
About Fulton Financial Advisor
Fulton Financial Advisors, an affiliate of Fulton Financial Corporation, is
a $6 billion investment management firm offering a broad array of financial
products and trust and retirement services, based in Lancaster,
PA with regional offices in Pennsylvania,
Maryland, Delaware,
Virginia and New
Jersey. Please visit www.fultonfinancialadvisors.com.
For further information, please contact Holly Hankins,
732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com