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Allianz Life Unit To Market UMA Services

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A registered investment advisor unit affiliated with Questar Capital Corp. has set up a new Wealth Designs asset management platform.

Questar, Minneapolis, a unit of Allianz Life Insurance Company of North America, says the platform will offer registered representatives and their clients the ability to choose mutual funds, separate accounts or “unified managed accounts.”

UMAs can hold many different kinds of securities, Questar says.

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FundQuest Inc., Boston, will supply the UMA services and other asset-management services, Questar says.

Questar markets financial services products and services through a network of about 1,000 registered reps.