Innovest Offers Client Flexibility to Meet Dynamic Business Demands
New York, April 18, 2005 – Salient Partners and Pinnacle Trust Co., LTA today announced that they have selected Innovest Systems' InnoTrust real-time accounting platform after an in-depth search of trust systems providers. Salient Partners' business lines include wealth management, family office and investment advisory services. Salient Partners, through its state chartered trust company, Pinnacle Trust Co., offers a full suite of financial advisory and trust services.
J. Matthew Newtown, partner and director of client services, stated: "Salient's mission is to create long-term, valueadded solutions for our private and institutional clients through the development and implementation of innovative, consistent and dependable advisory services and wealth management strategies. We are confident the addition of Innovest's real-time, web-based accounting system, InnoTrust, will enhance our ability to serve our clients efficiently and continue to grow competitively."
InnoTrust is a secure, integrated, real-time trust accounting and reporting system provided in a highly flexible and scalable Application Service Provider environment. InnoTrust was developed to address the needs of forward-thinking asset management firms by leveraging modern technology.
William Thomas, chief executive officer of Innovest Systems, added, "We are very pleased to have been selected by Pinnacle Trust. The InnoTrust platform is ideally suited to support Pinnacle Trust's well-known commitment to delivering innovative and dependable solutions to its trust and wealth management clients."
About Innovest Systems
Innovest Systems, LLC enables small to mid-sized trust and asset management firms to move more nimbly in their marketplace, via modern back-office systems that surmount the limitations of yesterday's legacy systems. Innovest's flagship product, InnoTrust, is a secure, integrated real-time trust accounting and reporting system offered in an Application Service Provider (ASP) environment. Innovest's highly flexible platforms offer a dramatically better way of supporting the trust account and reporting needs of trust companies, wealth management firms, and private banks. Innovest is headquartered in New York City. For more information about Innovest Systems, visit www.innovestsystems.com.
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Media: Fraylie Nord