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Fortigent Selects IndexIQ For UMA’s Alternative Investment Solution

Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting high net worth clients, has selected IndexIQ’s IQ Hedge Multi-Strategy SMA Portfolio as an Alternative Investment solution for the firm’s Access Overlay TM customizable UMA program, it was announced today.

Fortigent’s selection of the IQ Hedge Multi-Strategy SMA represents the latest global financial platform to offer IndexIQ’s flagship hedge fund replication strategies. Approximately 90 firms use Fortigent to support their investment research, performance reporting, Unified Managed Account (UMA), and alternative investment needs, and the firm has more than $50 billion in assets on the platform.

“We are thrilled with Fortigent’s selection of IndexIQ’s IQ Hedge Multi-Strategy SMA to be one of the alternative investment SMA solutions in Fortigent’s fast-growing UMA program,” said Adam Patti, IndexIQ’s CEO. “Our fundamental value proposition is to offer financial advisors and investors a transparent, liquid, low cost set of alternative investment products and, particularly within the context of today’s very uncertain economic and market conditions, that value proposition is resonating.”

Scott Welch, Co-Founder and Senior Managing Director of Investment Research & Strategy at Fortigent, added: “We are excited to include IndexIQ’s IQ Hedge Multi-Strategy SMA in our Access Overlay™ customizable UMA program. This portfolio is the first alternative investment strategy offered in an SMA format selected to be included in our UMA program. In this low return, highly volatile market, we believe advisors may benefit if they can offer alternative investment portfolios that are easy to understand, easy to implement, and easy to rebalance. One of Fortigent’s core service offerings is to support advisors in employing effective and innovative alternative investments as they build and manage globally diversified portfolios – and we believe IndexIQ’s IQ Hedge solution should be considered by our clients navigating the still-nascent but rapidly growing liquid alternative investment space.”

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