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Products June 22, 2008
First Tennessee Partners with FundQuest to Expand Product Offering
First Tennessee Bank, a subsidiary of First Horizon National Corporation, in partnership with FundQuest Incorporated, a provider of managed account services, has launched three new products on its managed account platform.
Reported by Rebecca Moore
The Horizon Account platform now offers index enhanced mutual fund portfolios, unified managed accounts (UMAs), and exchange-traded funds (ETFs), according to a press release. The expanded offering now features eight different types of managed accounts, including two mutual fund portfolio solutions, an adviser choice product, and two separately managed account products.
“The product breadth offered on the Horizon Account, coupled with FundQuest’s back-office capabilities, takes their platform to another level of sophistication,” said David Robinson, Director of National Accounts at FundQuest, in the announcement. “First Tennessee’s strategic partnership with FundQuest provides their advisers with the tools to compete very effectively with wirehouses and regional brokerages.”
More about First Horizon and First Tennessee is located at www.fhnc.com.