Fortigent

Fortigent, LLC began in 1994 when Jamie McIntyre and Steve Lockshin collaborated to create CMS Financial Services[1][2], a wealth management, consulting and performance reporting firm based in Rockville, Maryland.[3] CMS Financial Solutions focused on implementing absolute return and hedge fund strategies as a means of diversifying portfolios, and quickly became one of the largest independent consultants in equity risk management. Continuing with this unique approach to wealth management, performance reporting and consulting, CMS continued to grow and evolve, and by 1999 assets under management exceeded $1 billion. CMS Financial Services’ portfolio accounting and performance reporting quickly became an industry leader,[4] and in 1995 CMS created a partnership with Arthur Andersen to provide these services to their clients nationwide.[5]

Fortigent
Industryfinancial services
SuccessorLPL Financial Holdings
Founded1994 (1994)
HeadquartersRockville, Maryland
Key people
Jamie McIntyre
Steve Lockshin

In January 2001, CMS Financial Services was acquired by Convergent Wealth Advisors, formerly known as Lydian Trust Company[6] (which itself was acquired by City National Bank (California) in 2007[7][8]). After the acquisition in 2001, CMS Financial Services changed its name to Lydian Wealth Management in early 2003,[9] but retained the same services and business platform, while the Fortigent platform continued to evolve and expand under Lydian Trust Company.

In 2005 Fortigent spun off from Lydian Trust Company and was formally introduced as an outsourced wealth management and technology platform for third-party advisors targeting high net worth clients.[10][11]

Fortigent was bought by LPL Financial Holdings in April 2012[12][13][14] and moved its operations from Maryland to Charlotte, North Carolina in 2015[15] after a $9 Million restructuring.[16]

References
  1. "Fortigent Company - 22 Employees - US Staff". bearsofficialsstore.com. Retrieved 2019-08-24.
  2. "Steve Lockshin". CNBC. 2015-06-08. Retrieved 2019-08-25.
  3. "Fortigent LLC Whitepages Listing". Retrieved August 24, 2019.
  4. "Tech and Wealth Management: Transformative or Disruptive? - CFA Society Los Angeles". www.cfala.org. Retrieved 2019-08-25.
  5. "Succeeding Serving Ultra-HNW Clients With Steve Lockshin". Nerd's Eye View | Kitces.com. 2017-03-28. Retrieved 2019-08-25.
  6. "SEC Form S-1 for Lydian Trust Company". December 23, 2003. Retrieved August 24, 2019.
  7. "City National to Buy Lydian Wealth". March 28, 2007. Retrieved August 24, 2019.
  8. "City National to buy Lydian Wealth Management". Reuters. 2007-03-27. Retrieved 2019-08-25.
  9. "SEC Form S-1 for Lydian Trust Company". sec.gov. December 23, 2003. Retrieved August 24, 2019.
  10. "Lydian Unit Serving Advisers Aims to Grow Fast". American Banker. Retrieved 2019-08-25.
  11. "Lydian Refines High Net Worth Strategy with Announced Sale of Subsidiary". www.businesswire.com. 2007-03-28. Retrieved 2019-08-25.
  12. Horowtiz, Jed (2016-02-26). "LPL to take $9 mln charge to realign Fortigent unit". Reuters. Retrieved 2018-09-05.
  13. Touryalai, Halah. "LPL Expands RIA Presence With Fortigent Acquisition". Forbes. Retrieved 2019-08-24.
  14. "LPL makes big advance into the RIA business with Fortigent acquisition". RIABiz. Retrieved 2019-08-25.
  15. Kelly, Bruce. "LPL shakes up Fortigent HNW consulting group". www.investmentnews.com. Retrieved 2019-08-24.
  16. February 27, Janet Levaux |; AM, 2015 at 07:15. "LPL Defends $9M Fortigent Restructuring". ThinkAdvisor. Retrieved 2019-08-24.

Fortigent: Comprehensive Performance Reporting

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