FundQuest, a Boston asset manager that specializes in separately managed accounts, has announced the start-up of a series of income-optimizing portfolios.
The portfolios are intended to address investors' need for income without forgoing the potential for capital appreciation. FundQuest said on Monday that it had designed the portfolios to meet the growing demand for retirement income products.
The portfolios are an additional option for FundQuest's model-driven advisory programs; they include four risk-based allocation options. Portfolio recommendations are made in consultation with an adviser based upon the investor's risk tolerance, tax sensitivity, income needs, and potential retirement duration.
FundQuest, which was founded in 1993, is a turnkey asset management provider that sells wealth management solutions through more than 60 financial institutions, mainly banks and insurance broker-dealers. It was bought in August by BNP Paribas Asset Management, a U.S. unit of the Paris banking company.
