FPW Asset Management Program Expanded for Held Away Assets

February 15, 2021 | Josh Zorger, CFP®, Fortitude Private Wealth

Starting in February of 2021, Fortitude Private Wealth began offering asset management services for held away assets. Held away assets are for accounts that are held outside of Fortitude Private Wealth’s chosen custodian. The most common types of accounts for this program are individual 401(k) accounts, individual 403(b) accounts and individual Non-Qualified Deferred Compensation accounts.

This new program allows Fortitude Private Wealth to input trades and provide quarterly performance reporting on held away client accounts. One of the most important features of the technology utilized for this program is that Fortitude Private Wealth does not take custody of client funds. This technology provides a mirror replica of the client's account to Fortitude Private Wealth and allows for trade orders to be submitted, but not direct access to client funds.

The benefit of this program for our clients is that we can research and select the investment holdings and make asset allocation changes. In addition, we can execute a specific strategy, be proactive with managing that strategy and integrate this held away account more effectively with the client’s total portfolio.

For many savers and investors, the largest asset that they own is their individual 401(k) or 403(b) account. Therefore, we feel this is an important service for helping to serve our clients and grow the clientele of Fortitude Private Wealth.

To learn more about this program, please contact our office today.

Josh Zorger, CFP®, is the founder and president of Fortitude Private Wealth in Carmel, IN.

Logo for LinkedInLogo for Fee OnlyLogo for CFPLogo for Fortitude AccountLogo for NAPFA