The US-based GMS Group has launched a new managed account platform with an array of new offerings to handle GMS’ speciality in providing tax-exempt municipal bond investments.

FundQuest, a managed accounts firm, will support GMS group's financial advisors with a suite of technology-based productivity tools, investment research and monitoring services, GMS said in a statement.

The new platform will offer their high net worth clients these managed account solutions: mutual fund models, unified managed accounts with FundQuest overlay management, separately managed equity account models, ActivePassive Portfolios including exchange-traded funds, and universal life products.

"Both our advisors and high net worth clients will benefit from the depth and breadth of our new platform's investment products and the quality of FundQuest's research and support services. We can expand our relationships with our existing fixed income clients and compete with any firm for managed equity accounts," said Tim Donohue, executive vice president and chief operating officer of GMS.