Jacksonville, FL-based EverBank has created EverBank Wealth Management – a new firm which will provide fee-only investment advice, with a focus on managed volatility and global diversification.

The institutional-orientated approach connects investors to "sophisticated" investment products, the firm said.

“These [investment products] may include exposure to - not only domestic and international assets and equities - but alternative asset classes such as global currencies, metals, absolute return funds and managed futures,” said David Conover, president and chief operating officer.

"The market is ripe for digitization and we believe this model will inevitably become as ubiquitous as online banking," added Frank Trotter, chief executive.

EverBank has $13 billion in assets, $10.3 billion in deposits and approximately 2,400 employees, as of 31 December 2011. The firm said its fee structure is based on asset levels.