United Capital Financial Advisers has partnered with FundQuest to build a suite of Web-based tools for UCFA advisors and their clients that cover the waterfront of advisor needs, from back-office operations to sales and productivity tools, to portfolio accounting integration, to account aggregation. Working with whatever portfolio management software packages those advisors already use, the platform also provides access to FundQuest’s investment portfolios, which include hybrid active and passive strategies, and income-oriented portfolios.
In addition to its outsourcing expertise, FundQuest is a major player in the separately managed account and unified managed accounts business, with $64 billion in AUM in its U.S. and European operations.
UCFA, led by CEO Joe Duran, has $9 billion in assets in advisory and administration in its 20 offices around the U.S., up from 14 offices last year, Duran said on April 20 in an interview, with more in the pipeline toward building “the nation’s first full-service RIA.” He said there were several “major” acquisitions that UCFA may report soon. UCFA chose FundQuest not simply for its investing acumen, but because of its ability to accommodate UCFA’s scale, and its expertise in “onboarding” new firms into the platform.