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