Concord Equity Group Inc., a Matawan, N.J., provider of outsourced wealth management services, said it will provide Baker Boyer Bank of Walla Walla, Wash., with technology services to create a managed account platform.
The services will include client profiling, portfolio structuring, and reporting. Richard Trumpler, the chief executive officer of Concord's banking services group, said Baker Boyer sought a platform outsourcer that would enable the bank to customize its account management processes within a private-label environment.
Concord, which announced the agreement Wednesday, helps financial services organizations compete in the fee-based investment advisory business by providing them a comprehensive wealth management platform that can be customized.
Its clients including trust companies, banks, broker-dealers, clearing firms, insurance companies, and independent advisory firms.
