Questar Asset Management of Minneapolis, a registered investment advisory, has developed a wealth management platform that will include unified managed accounts.
The Questar Capital Corp. subsidiary partnered with FundQuest Inc., the Boston investment management unit of BNP Paribas SA of Paris, to create Wealth Designs. The fee-based platform offers mutual funds, separately managed accounts, and unified managed accounts.
FundQuest was one of the first firms to offer comprehensive UMA services. This is the eighth UMA platform it launched this year.
Questar Capital Corp., a Minneapolis subsidiary of Allianz Life Insurance Co. of North America of New York, is a full-service broker-dealer. (Allianz Life is part of Allianz AG of Frankfurt.)
FundQuest had $36 billion of assets under management and administration through March.
