Richardson Financial Group supplements WM platform

FWR Staff

26 November 2008

Midwest firm turns to platform consultancy, performance reporter Fortigent. Richardson Financial Group's Capital Management division has selected Fortigent to provide investment and performance-reporting support for a wealth-management platform that integrates asset management with tax, estate and insurance planning.

Service oriented

"The current market is difficult, but all challenges result in new opportunities and our partnership with Fortigent further strengthens Richardson's ability to meet the objectives of preserving and growing the wealth of our high-net-worth families," says Richardson Financial Group's president Scott Richardson.

Fortigent's CEO Andrew Putterman agrees that turmoil on Wall Street spells opportunity "for boutique, service-oriented firms" like RCM. "They offer the variety and quality of services demanded by high net worth families, and we think the additional investment and performance reporting resources we provide will only improve their ability to attract and maintain wealthy families."

Menomonee Falls, Wisc.-based RCM has about $100 million in assets under management, according to its latest ADV filing with the SEC.

Rockville, Md.-based Fortigent has more than 50 institutional clients and more than $20 billion in end-client assets on its platform. -FWR

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