GlobalBridge, the US provider of separately managed accounts for wealth advisors, has selected FolioDynamix to provide its asset management overlay technology and integrate its manager due diligence services.

GlobalBridge chief executive Kelly Coughlin said: By integrating our manager due diligence services, managers on our platform will gain access to a market segment we could not focus on previously,” adding that he expects the technology will be integrated by the end of the first quarter. 

“With our overlay technology managers can devote more time to wealth-building and less to the operational side of the business,” said Joseph Mrak, chief executive of FolioDynamix.

GlobalBridge, which offers separately managed account programmes to trust banks and advisors for individual and institutional investors across the US, is based in Minneapolis, Minnesota. 

FolioDynamix is headquartered in New York, with offices in Sacramento, California and Philadelphia, Pennsylvania.  FolioDynamix recently acquired SunGard Advisor Technologies, and provides daily oversight of more than 3.8 million accounts.