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Fortigent retained by First Colony Asset Management


Fortigent, a provider of outsourced wealth management solutions for financial advisers and institutions targeting high net worth clients, has been retained by First Colony Asset Management, located in Raleigh, North Carolina.

First Colony is an independent registered investment adviser specialising in asset management for individuals, non-profit organisations, professionals, and fiduciaries. 

First Colony will complement its in-house investment platform with Fortigent’s unified managed account programme, Access Overlay.

"Once we established the firm and brought on Tom Mitchell as a managing director, we conducted a thorough review of overlay and UMA providers," says Walton Jennette, founder and managing director of First Colony. "We were looking for a partner that understood our target market and the clients we expect to serve. We were impressed with Fortigent’s pedigree and their experience in servicing firms that target taxable high net worth and institutional clients, as well as their expertise in due diligence on both traditional and alternative investment managers."

"We are excited to have First Colony join the Fortigent community," says Gary Carrai, senior managing director of consulting and sales at Fortigent. "Walt launched First Colony to capitalise on the huge client demand for objective advice, boutique quality service, and cost-effective, customized investment portfolios. Access Overlay will help them meet this demand."

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