FundQuest Adds Monte Carlo Analysis Tool for Personalized Investment Hypotheticals; Leverages Investment & Technological Expertise To Expand Value-Added Services for Financial Institutions and Advisors.BOSTON -- FundQuest, a leading provider of wealth management solutions for financial institutions, has announced the addition of an enhanced personalized Monte Carlo Monte Carlo (môNtā` kärlō`), town (1982 pop. 13,150), principality of Monaco, on the Mediterranean Sea and the French Riviera. analysis to its client-profiling tool. This new tool allows financial institutions to provide an illustration of the range of likely potential outcomes for an investor's portfolio based on their inputs to a profiling system. It is available as an option for any financial institution on FundQuest's wealth management platform. This enhancement provides advisors with a simple and intuitive way to demonstrate to investors how changes to an investment plan and external market forces may impact long-term results. It provides a means to demonstrate the range of potential rewards and risks inherent in financial modeling. "Although Monte Carlo simulation Monte Carlo Simulation A problem solving technique used to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables. is not new to financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , most of the tools available are too abstract and don't provide enough real-life perspective." said John Curry For the hockey player named John Curry, see . John Curry (1949-1994) was a British figure skater. He was the 1976 Olympic and World Champion. He was famous for combining ballet and modern dance influences into his skating. , Managing Director of Retirement Management Services at FundQuest, "The FundQuest tool brings together our portfolio construction process with the client's risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. , investment goals, and target wealth level to enable advisors to provide a straightforward report that makes sense to an investor. As a result, advisors can provide a better, more realistic view of how a well-diversified investment portfolio may hypothetically behave." FundQuest has leveraged its strong technological and investment expertise to create this new Monte Carlo analysis tool. "This enhancement is a tangible demonstration of FundQuest's commitment to deliver practical solutions to the advisors of our institutional partners," commented Bob Del Col, President of FundQuest. FundQuest has announced a significant number of new product and platform initiatives over the past few months including an enhanced Unified Managed Account platform, Retirement Management Services, and Income-Optimizing Portfolios. About FundQuest FundQuest (www.fundquest.com) is a leading provider of customized turnkey managed investment account solutions to premier financial institutions. The combined US and European operations of FundQuest have $30 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration. Financial institutions leverage FundQuest's flexible menu of wealth management solutions to deliver: mutual fund advisory, separately managed accounts, fee-based brokerage, exchange-traded funds, unified managed accounts, and alternative investments. The company's open architecture, objective investment management services, and sales and marketing resources help financial advisors to address their clients' important financial goals. Services are offered in the US through FundQuest Incorporated, a Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in founded in 1993. FundQuest is owned by BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. . About BNP Paribas BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , with a significant and growing presence in the United States and leading positions in Asia. The most profitable bank in the Euro zone, it has a presence in 85 countries with close to 100,000 employees. The group enjoys key positions in Corporate and Investment Banking, Private Banking & Asset Management, Insurance, Securities Services and Retail Banking. |
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