Fortigent Welcomes Glassman Wealth Services

Mon Nov 2, 2009 11:40am EST
 
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New Advisory Firm Will Use Fortigent to Support Focus on High Net Worth
Clients



ROCKVILLE, Md., Nov. 2 /PRNewswire/ -- Fortigent LLC, a leading provider of
outsourced wealth management solutions for financial advisors and institutions
targeting ultra high net worth clients, today announced it has been retained
by Glassman Wealth Services, a family wealth management firm located in
McLean, Virginia. The new firm will be headed by Barry Glassman, who recently
left Cassaday & Company to start his own practice catering to the needs of
High Net Worth clients. Fortigent will provide Glassman a fully integrated
wealth management solution including investment research, manager due
diligence, information management, and reporting.

"We were attracted by Fortigent's considerable experience in  investment
research - in particular their ability to locate and monitor 'boutique'
managers. I have been familiar with Fortigent for years and knew of their
track record in helping successful HNW practices. When I decided to launch my
own firm, it was a logical decision to partner with Fortigent. They know how
to work with sophisticated clients and can offer top notch due diligence  and
state-of-the-art client  reports.  Their offering is a perfect fit for my
business model and the high net worth clients I serve," said Barry Glassman,
President of Glassman Wealth Services.

"We are delighted to have Glassman Wealth Services join the Fortigent
community," said Andrew Putterman, Fortigent's CEO and President. "When
advisors make the decision to go independent, it is critical to select a
support partner that knows their target market. Fortigent knows the High Net
Worth space 'inside and out'. Our entire offering is focused on delivering the
solutions required to attract and maintain High Net Worth clients.  Our
investment and reporting solutions, together with Barry's knowledge of and
dedication to his clients, is an outstanding combination and we look forward
to supporting him as he grows his practice."

According to John Mastal, Director of Sales at Fortigent, "Glassman Wealth
Services and Fortigent are a perfect fit. We are in complete alignment with
respect to delivering a superior wealth management experience to High Net
Worth clients.  We are confident we will develop a strong and mutually
beneficial relationship."

About Fortigent.  Fortigent,  LLC delivers a fully integrated and customizable
business-to-business outsourced wealth management solution to banks, trust
companies, and independent advisory firms. Services include an "open
architecture" investment platform with particular expertise in alternative
investments, a flexible unified managed account program, and consolidated
wealth reporting. Fortigent's web-based portal interface allows access to
proposal and rebalancing tools, client portfolio reporting and accounting, as
well as industry articles, research papers, and other practice management and
business development resources. For more information, visit www.fortigent.com.

About Glassman Wealth Services.  Glassman Wealth Services, LLC provides fully
integrated investment management and comprehensive wealth planning services to
help families manage their financial lives now and for future generations. GWS
offers sophisticated investment management strategies along with tax, estate,
philanthropic and multi-generational planning and coordination of financial
services for a select number of high net worth clients.  GWS is accepting new
clients with $1 million minimum of investable assets. For more information,
please call 703-534-4444.


SOURCE  Fortigent, LLC

Sharon McEvoy, Director of Marketing & Sales, Fortigent, LLC, +1-301-816-1202,
Sharon.McEvoy@Fortigent.com; or Lisa Poff, Director of Communications,
Glassman Wealth Services, LLC, +1-703-534-4444, lisa@glassmanwealth.com

 

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