MUFG Union Bank has linked up with Guggenheim Investment Advisory to provide its high and ultra high net worth clients with greater access to alternative investments.

MUFG Union Bank has linked up with Guggenheim Investment Advisory to provide its high and ultra high net worth clients with greater access to alternative investments.

Guggenheim's alternatives platform will provide MUFG Union Bank and San Francisco, CA-based HighMark Capital Management - MUFG's registered investment advisor and wholly-owned subsidiary - with access to research, market updates, thematic guidance and online portfolio construction tools.

“Access to these types of funds represents a very important addition to our strategy of serving wealthy clients within our private bank,” said managing director Dennis Mooradian, who is also head of MUFG Union Bank's wealth markets division. “These investment fund options are attractive to many of our high net worth clients and those we wish to attract.”

MUFG Union Bank's private banking division serves high net worth individuals, non-profit organizations, business owners, corporate executives and professional service firms.

The bank as a whole has offices in California, Washington and Oregon, with $108.8 billion in assets as of June 30, 2014. HighMark has nearly $15 billion in assets under management.

Guggenheim Investment Advisory is a business unit of Guggenheim Partners, providing investment, wealth management and operational solutions to ultra high net worth individuals, independent RIAs, private banks and trust companies and other financial intermediaries.