First Hawaiian Gets a Wealth Platform

First Hawaiian Bank has launched a wealth management platform through a strategic partnership with FundQuest of Boston.

The Honolulu bank’s PrivateInvest platform now has an open architecture that integrates FundQuest's investment and separately managed account manager selection process with the bank's proprietary investment management program.

First Hawaiian also said it can develop investment strategies and asset allocation proposals based on each client's tolerance for risk, financial goals, and time horizons.

FundQuest offers its wealth management platform to bank trust departments, private banks, bank broker/dealers, insurance companies, independent broker/dealers, and registered investment advisors. The firm also provides integration services for clients who want to link their trust accounting systems to its wealth management platform.