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Fortigent Partners With Alternative Investment Manager To Widen Offering
Harriet Davies
5 February 2013
Fortigent, a provider of outsourced wealth management services, has entered into a strategic partnership with Central Park Group that will give Fortigent clients greater access to alternative investments. Central Park Group’s platform provides access to institutional hedge funds, private equity, real estate and funds of funds, combined with research, due diligence and asset allocation guidance. Fortigent serves advisors and institutions and is a wholly-owned subsidiary of LPL Financial Holdings, which also owns the independent broker-dealer and RIA custodian LPL Financial. As part of the partnership Fortigent is transferring its access funds over to the Central Park Group platform, and the latter firm will act as advisor and manager of these funds going forwards. This step reinforces Fortigent's “commitment to a fully open architecture approach with respect to asset manager selection for its customers,” the firm said. Meanwhile, Fortigent’s resources in the areas of research, due diligence, guidance and monitoring of investments will support Central Park Group’s platform.