News

June 10, 2014 6:40 pm

Coral Gables Trust Selects FolioDynamix Wealth Management Technology Platform and Advisory Services

Leading provider of wealth management, estate and trust services to deploy FolioDynamix for open architecture wealth management program

NEW YORK, NY – June 10, 2014 – FolioDynamix, a leading provider of web-based technology, content and advisory services for managing the full investment and wealth advisory lifecycle, today announced that Coral Gables Trust Company (“CGTC”), a leading provider of wealth management, estate and trust services, has selected FolioDynamix technology and advisory services. FolioDynamix will provide a comprehensive wealth management technology platform, investment research, due diligence and investment manager product strategies for Coral Gables Trust’s open architecture unified managed account (UMA) program offering.

“Coral Gables was founded to provide totally conflict-free services to clients, combining personalized advice and service, open-architecture with no proprietary products, and a process to select the best performing managers for our clients. Partnering with FolioDynamix’s registered investment advisor subsidiary, FDx Advisors, CGTC now adds deeper manager research, selection processes and investment products to our existing strategies, which have been governed by our Investment Committee,” stated Mason Williams, SVP and Chief Investment Officer for Coral Gables Trust. “We are also very excited to deploy the FolioDynamix wealth management technology platform to deliver an open architecture program that is fully-integrated at all stages of the portfolio lifecycle. The platform provides CGTC with state-of-the-art technology, and allows us to deliver a seamless and customized experience to each of our clients.”

James Davidson, Chairman of CGTC stated, “Our growing client list and AUM provide testimony to the past acceptance and success of our investment management process. However, as we constantly strive to better serve our clients, we extensively reviewed a number of competing platform alternatives to further enhance our capabilities, and we selected FolioDynamix as a very unique and special partner.”

“We are proud that Coral Gables Trust has selected FolioDynamix to further enhance its open architecture UMA program,” said Joseph Mrak, chairman and CEO of FolioDynamix. “We see this as a significant example of the value that our recent acquisition of trust advisory expertise and strategies from GlobalBridge, combined with the FolioDynamix wealth management technology platform, are bringing to firms in the wealth management and trust industries. We look forward to helping Coral Gables Trust leverage new opportunities to better serve its clients and grow its asset base.”

About FolioDynamix

Bringing innovation, insight and agility to the wealth management and investment advisor communities, FolioDynamix offers the most comprehensive web-based technology platform for managing the full wealth advisory lifecycle – including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics – across all account types. The FolioDynamix wealth management platform is truly unified – eliminating silos and empowering advisors with a single platform to manage all customer accounts. The platform provides registered investment advisors, broker-dealers, banks, custodians and service providers with leading-edge technology to attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management for improved efficiency, better compliance, and enhanced client service.

About Coral Gables Trust

Coral Gables Trust Company is a leading provider of wealth management, estate and trust services in South Florida. Founded in 2004 as a locally owned and operated independent trust company, CGTC serves a client base, ranging in size from $1 million to over $50 million; which includes affluent individuals and families, small to medium sized companies, foundations, and pension and endowment funds. The Firm strives to provide totally conflict-free services to clients, combining personalized advice and service, open-architecture (no proprietary products), asset based fees, and a culture totally devoted toward putting our clients’ interests first. Coral Gables Trust was voted Best of Miami by Miami Today. In 2013, for the fourth consecutive year, Coral Gables Trust was selected Best Trust Company in Coral Gables by the United States Commerce Association (USCA) and in April of 2014, for the third consecutive year, as a “Top Florida Trust Firm” by Florida Trend, placing Coral Gables Trust among the sector’s elite. Visit www.cgtrust.com for more information.