Connecticut Bank to Use Overlay Technology for Wealth Management

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+
Partner Insights

The banking unit of People's United Financial (PBCT) of Bridgeport, Conn., will use Smartleaf's overlay technology for its wealth management business.

This will give the $28 billion-asset bank access to new ideas through third-party models while also improving customization, tax management and efficiency, Smartleaf said Tuesday. The bank's portfolio managers will retain control over their clients' assets while continuing to offer open-architecture research.

Smartleaf, based in Cambridge, Mass., provides overlay portfolio management products. Its clients include U.S. Bancorp (USB), Comerica (CMA) and BB&T (BBT).

JOIN THE DISCUSSION

SEE MORE IN

Five Mobile App Features that Show Yes, Banks Can Innovate

Fintech startups claim to out-innovate banks. But financial institutions sometimes break new ground. Here are five examples of banks that are testing and launching mobile app features capable of much more than showing an account balance.

Image: iStock

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.