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June 25, 2009updated 04 Apr 2017 3:56pm

First Citizens Capital Management Selects FundQuest’s Capital Manager

This platform features a detailed picture of a client's financial position.

By BBR Staff

First Citizens Capital Management, a subsidiary of First Citizens Bancorporation, has launched a new platform-Capital Manager for their wealth management business. The new platform is designed to expand First Citizens’ existing investment offerings while gaining cost efficiencies through FundQuest’s back office and technology support services.

 

Capital Manager platform incorporates FundQuest’s investment models and a multi-manager solution. It has reported this platform offers the benefits of fee-based managed accounts with the latest web-based client services technology allowing wealth advisors to concentrate on relationship management and new client business development.

 

Moreover, this platform features a detailed picture of a client’s financial position, the ability to outsource most administrative functions, and delivers access to sales collateral, investment research, and educational tools 24/7. The product breadth includes mutual funds, exchange-traded funds, separately managed accounts, and general securities.

 

Britt Borders, director of the wealth advisory group at First Citizens, said: “The enhanced capabilities in the Capital Manager program will enable us to operate more efficiently and will expand our ability to meet the needs of each individual wealth management client.”

 

Maryanne Morrow, relationship manager at FundQuest, said: “The platform will increase the competitiveness of the managed account component of First Citizens’ investment management business while providing technology-based tools to increase the productivity of their Wealth Advisors.”

 

FundQuest is a provider of turnkey managed account solutions.

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