To expand both companies investment management platforms and open new distribution channels, Atlanta-based Reliance Trust Co. and GlobalBridge Inc., a Minneapolis-based provider of managed account services to trust companies, banks and wealth advisors, announced Friday an agreement to jointly develop, sell and support managed investment account services, using GlobalBridge’s unified managed account technology.
Through the partnership, Reliance will gain access to GlobalBridge’s technology and sales experience through banks and GlobalBridge will be able to use Reliance’s investment management, trust and custodial products and services.
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