Regional investment management firm Diversified Trust has chosen Florida-based FIS to handle its back-office needs, including data aggregation and asset reporting, and BMO Global Asset Management to handle its custody and trading information. Diversified, which oversees $5 billion in assets for its clients, had been using a variety of other vendors.
“We pride ourselves on the level of personal service we offer our clients,” said John Seckman, the Nashville-based president and COO of Diversified. “Partnering with FIS and BMO Global Asset Management allows us to focus more completely on our clients’ needs while remaining secure in the knowledge that we are fully compliant with all financial regulations.”
Argent Trust Co. has named Matthew Jones vice president and financial advisor. Jones will serve Argent’s high-net-worth clients providing trust, investment, estate and family office services. He will work with Howard Safer in the company’s Nashville office.
Jones started his career as a financial advisor at Ameriprise Financial. In 2009, he was employed by Charles Schwab & Co. in its active trading division and was promoted to vice president and financial consultant in its Nashville office.
Argent Trust Co. is a subsidiary of Argent Financial Group Inc.
The Tennessee Consolidated Retirement System finished 2013 with a bang, sending out checks for some $400 million to a number of private-equity funds as it seeks to reach its 3 percent asset class target. Chris Witkowsky at PE Hub has the rundown:
• $20 million to OrbiMed Private Investments V
• $20 million to Drive Capital Fund I
• $75 million to Olympus Growth Fund VI
• $75 million to AXA Secondary Fund VI
• $55 million to Merced Partners IV
• $55 million to General Catalyst
• $60 million to Trident VI
• £40 million to Vitruvian Investment Partnership II
Click here for background info on the other millions the state pension system has placed in the hands of private-equity managers since 2009.
POSTDATA: WARRANTY DEEDS