Delta said in a statement that it selected FundQuest because of its open architecture product offerings and access to a wide variety of account types. The outsourcing arrangement covers unified managed accounts, mutual fund advisory, hybrid active and passive portfolios, separately managed accounts, income generating portfolios, Russell model portfolios, and exchange-traded funds. 

“Our advisors are especially interested in FundQuest’s support for advisor managed offerings and the depth of their research on separately managed account strategies.  FundQuest will help us to meet branch office demand for high quality account administration services, and for performance reporting that is easy for our investor clients to understand,” said Ray Grenier, chief executive of Delta Equity Services. 

In other recent sign-ups, Washington-based investment advisor American Reliance Group chose FundQuest to provide its back-office and investment research services in August.