Ifwc Ria Presentation 2010
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FundQuest is a $40 billion asset management firm that offers outsourced investment management and support services to RIAs and other financial advisory firms. Its platform provides proposal generation tools, portfolio accounting, client reporting, and other services to supplement an RIA's core functions. It has partnerships with major custodians and offers both actively and passively managed model portfolios, including its own ActivePassive portfolios that combine both strategies. RIAs can also offer their own proprietary products through FundQuest's platform.
Ifwc Ria Presentation 2010
- 1. Institute for Family Wealth CounselingRIA Advisory Product and Service Offering
- 2. A Strategic PartnershipRIA Advisory Product and Service Offering Firm Overview
- 4. Product and Service OfferingsFundQuest SnapshotFounded in 1993
- 5. $40 billion in assets under management & administration in combined US and European operations*
- 6. Subsidiary of BNP Paribas, one of worlds largest and most stable financial services firms
- 7. Registered Investment Advisor (RIA)
- 8. A global leader in managed account solutions*FundQuest's services are offered in the US through FundQuest Incorporated, a registered investment advisor
- 9. Global PresenceA global organization with investment teams in Boston, Paris, London
- 10. 210 people, including 48 investment professionals in combined US and European operationsLondonBostonParis
- 11. Strategic Outsourcing for Advisory FirmsInsurance CompaniesTrust /Wealth-Management Broker-DealersRIAsBanksOver 180 Financial Advisory Firm Clients10 of top 50 life insurance broker-dealers
- 12. 28 of the top 100 credit unions
- 13. The largest third party bank investment marketing firm
- 14. 12 of top 20 independent broker dealer networks
- 15. 3 of the top 10 bank broker-dealers
- 16. Major regional bank trust and family office divisions
- 17. Over 80 RIA firms with $25 million to $3 billion in AUMA Strategic PartnershipRIA Advisory Product and Service Offering Firm Overview
- 19. Product and Service OfferingsSample RIA Business ModelInvestment Advisory Professionals
- 20. Investment Manufacturing and Support Professionals
- 21. 3rd Party Custodians and other Book of Record ProvidersAsset GatheringInvestmentAdviceClient ServicingInvestmentManagementTrading / RebalancingClient ReportingPortfolio AccountingComplianceCustodian #1Custodian #2TPA#1Etc.
- 22. FundQuest Managed Account PlatformInvestment advisory professional web portal coupled with field and telephone based sales and service support professionals
- 23. Comprehensive investment management and support services offered on a bundled or la carte basis
- 24. Seamless integration with major custodians and record keepersProposal ToolsAdvisor Servicing PortalPractice ManagementInvestment ProductManager Due DiligencePortfolio Accounting and ReportingOperational Support ServicesClient ReportingCustodian #1Custodian #2TPA#1Etc.
- 25. Flexible FundQuest Partnership ModelAsset GatheringInvestmentAdviceA flexible solutions driven approach allows RIA to take advantage of a custom tailored set of tools and services to supplement the RIAs core competenciesFQClient ServicingE X A M P L EInvestmentManagementTrading / RebalancingFQClient ReportingPortfolio AccountingComplianceCustodian #1Custodian #2TPA#1Etc.
- 26. Custody and Clearing FlexibilityFundQuest has partnerships with the major clearing and custody firms:Fidelity (IWS and NFS)
- 27. Pershing (PAS and BDS)
- 29. TD Ameritrade
- 30. J.P. Morgan
- 31. Ridge Clearing
- 32. NSCC VA / VUL interfaces
- 33. DST FanMail interfacesProposal ToolsAdvisor Servicing PortalPractice ManagementInvestment ProductManager Due DiligenceClearing andCustody ProvidersPortfolio Accounting and ReportingOperational Support ServicesClient ReportingCustodian #1Custodian #2TPA#1Etc.
- 34. A Strategic PartnershipRIA Advisory Product and Service Offering Firm Overview
- 36. Product and Service OfferingsAdvisor Servicing PortalAdvisor portal allows web access to investment support and client servicing tools:Website branded to the RIA with ability to post customized news bullets and firm related investment and product documents
- 37. Investment center that provides product detail and research tools
- 38. Investment proposal tools
- 39. Account look up and report center
- 40. Forms and paperwork centerAdvisor Servicing Portal
- 41. Welcome PageAdvisor Servicing PortalHunter GroupHHOME CLIENT PROFILING INVESTMENT CENTER FORMS CENTER ACCOUNT LOOKUPWelcome to the Hunter Group Financial Advisors Portfolio Management Program, an advisor-driven, managed account program offered through FundQuest. FundQuest is a leading independent investment management firm that designs, develops and operates managed account investment programs that enable financial institutions to offer managed account products.Clicking on the links in the top of this page will bring to the appropriate section of the website.If you have any questions, please contact FundQuest support at 1-800-234-6522 or AdvisorServices@fundquest.com1/8/2010 Recent Market Outlook Available <here>
- 42. Investment CenterFact SheetsAdvisor Servicing PortalCommentaries and Product Detail
- 43. Due Diligence AnalysisAccount ViewingThe account lookup feature allows the advisor to query accounts in a variety of ways:Household drilldown. Information is grouped by household with ability to drill into the account level
- 44. Account View. This view shows current actuals versus target allocations and flags exceptions
- 45. Performance View. Presents performance as of previous business day
- 46. Account Detail. Transaction history, account fee schedules, and prompts to create interim statements are also availableAdvisor Servicing Portal
- 47. On Demand ReportingAdvisors may generate portfolio accounting style reports for one or more household relationships or one or more accounts.Consolidated or per account views
- 48. User defined output formats including PDF and MS excel
- 49. Point to point performance reporting and as of position statementsAdvisor Servicing Portal
- 50. On Demand Reporting SamplesAdvisor Servicing Portal
- 51. Proposal ToolsClient profiling application provides suitability questionnaire and customizable client investment proposal:Suitability questionnaire provided by FundQuest or customized to the RIA
- 54. Portfolio analytics recommended versus benchmark
- 55. Mutual fund, ETF, and manager strategy fact sheetsProposal Tools
- 56. Client ProfilingProposal Tools Client Questionnaire Portfolio Construction Proposal Creation
- 57. Client Proposal OptionsFact SheetsProposal ToolsPortfolio Analytics
- 58. Current and Recommended Portfolio PresentationPractice ManagementFundQuest sales and service competency:Toll free service desk for inquiries and assistance preparing proposals as needed
- 59. Field force available for on site training and support
- 60. Conference calls with FundQuest Investment Management and outside speakers on a quarterly basis
- 61. Marketing collateral design assistancePractice Management
- 62. Investment Product RIA ManufacturedAn RIA may offer their own product through the FundQuest platform:FundQuests internet based manager portal allows for the submission of product models and manager strategy models
- 63. Flexible model management including rebalancing instructions and alternate security treatment
- 64. Allows for full outsource of trading responsibilities and overheadInvestment Product
- 65. Investment Product ActivePassive速 PortfoliosAccess to FundQuest ActivePassive速Portfolios, an innovative product that efficiently allows the investor to combine active and passive investment strategies:Each fund has established active to passive ratio guidelines that are the minimum and maximum boundaries for the funds allocation to the actively and passively managed components. PASSIVE MANAGEMENT BENEFITS Generally lower management fees No decision making required by the manager Better potential for capturing full performanceof the index: up and downPASSIVE MANAGEMENT CHALLENGES Investors cannot expect to exceed index returns No ability to provide downside protectionACTIVE MANAGEMENT BENEFITS Expert analysis by experienced investmentprofessionals Upside potential: the possibility of achievingreturns higher than those of the index Downside protection: managers may actdefensively during market downturns and periodsof market uncertaintyACTIVE MANAGEMENT CHALLENGES Higher fees and operating expenses Poor security selection or sector allocationdecisions may impact returnsInvestment Product
- 66. Investment Product UMAUMA offering allows either a model based approach or for those investment advisors who want to do hands-on portfolio management:Open architecture product depth and breadth. Ability to construct portfolios using a wide universe of separate account manager strategies, ETFs, mutual funds, and legacy stock positions within a single account
- 67. Advanced overlay process. Sophisticated overlay portfolio management processes with drift tolerances calibrated to sleeve size
- 68. Flexible restriction handling. Industry sectors, individual securities, KLD research categories, and SIC codes may all be used as screening criteria
- 69. Enhanced tax management capabilities. Systematic, risk-managed tax harvesting processes support identification of opportunities throughout the year. Sensibly calibrated optimization is aimed at minimizing small trades
- 70. Lower manager minimums and fees. As compared to traditional SMA productsInvestment Product
- 71. Investment Product UMAInvestment Product
- 72. Portfolio Accounting and ReportingProprietary portfolio accounting system consolidates all accounts across RIAs custodians:Daily downloads with major custodians supported by daily reconciliation and performance measurement calculations
- 73. Firm level management reporting available
- 74. Advisor level on demand reports available through the advisor website
- 75. Ability to link multiple accounts at a household relationship level for viewing and reporting
- 76. Ability to maintain cost basis at the lot levelPortfolio Accounting and Reporting
- 77. Operational Support ServicesFundQuest Advisor Services and Operations teams dedicated to ongoing advisor support:Sophisticated overlay technology allows FundQuest to provide trading and rebalancing services for modeled products
- 78. Flexible fee engine supports diverse sets of fee schedules with automated interfaces to major custodians for fee deductions
- 79. Support for periodic and ad hoc cash deposits and withdrawals and dollar cost averaging requests
- 80. Operational support models tailored to the needs of the RIA Operational Support Services
- 81. Client Reporting Quarterly Performance ReportClient Reporting
- 82. Client Reporting Account Snapshot ReportClient Reporting
- 83. Client Reporting Web AccessA/C# ColumnAccount Name ColumnsClient web access available
- 84. Quarterly performance reports may be posted Client Reporting