(Vocus) December 3, 2009
Boston-based Fiduciary Trust Company has implemented several SunGard solutions integrated with SunGard’s Global Plus asset management and custody solution to help expand its automated trading, portfolio management, account review, compliance processing and performance reporting capabilities. Fiduciary Trust Company is expanding its use of the SunGard Transaction Network (STN) for mutual fund trading to include STN Execution Services for trade execution, and the STN Money Markets portal for short-term investments. The company is also using SunGard’s Investor’sView portfolio management and reporting solution to enhance account review and compliance processing; and Global Plus’ Web portal to provide clients with online access to account information.
Art Andon, vice president and chief technology officer at Fiduciary Trust Company, said, “In evaluating our trading and asset management systems, we turned to SunGard to help us improve our operation’s efficiency and productivity, as well as expand our products and services to a broader client base. From the start of our relationship thirteen years ago, SunGard has demonstrated a commitment to addressing our needs, whether helping to meet new industry requirements and regulations, or providing innovative solutions to enhance our product offerings. We have already begun to see the positive effects of extending the additional SunGard solutions available to our staff and clients.”
Kevin Rafferty, president of SunGard’s wealth management business, said, “As firms compete for assets, the service they provide becomes a key differentiator for their clients. By integrating SunGard’s Global Plus back-office accounting and custody capabilities with SunGard’s trading, portfolio management, compliance and client access solutions, Fiduciary Trust Company can link activities across the transaction lifecycle, giving its staff the ability to focus more time and energy on client needs rather than on underlying business processes. In addition, the company is able to gain efficiencies and enhance service through the use of a single vendor.”
SunGard is a leading provider of wealth management solutions that help banks, trust companies, brokerage firms, insurance firms, benefit administrators and independent advisors acquire, service and grow their client relationships.
About Fiduciary Trust Company
Founded in 1885 as a family office and incorporated in 1928, Fiduciary Trust Company operates as an independent, privately owned wealth management firm supervising approximately $8.5 billion of assets for individuals, families and select charitable organizations. For more information, visit http://www.fiduciary-trust.com.
About Global Plus
A real-time, Web-based asset management and custody solution, Global Plus supports private banking, wealth management, personal trust, institutional trust, and global custody operations. Customers including trust banks and private banks employ the multi-currency and multi-lingual accounting and reporting features of Global Plus to support their operations worldwide. They rely on its straight-through processing capabilities to help increase automation and efficiency in their administrative activities.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Brokerage products and services of STN are provided by SunGard Institutional Brokerage Inc. * Member FINRA/SIPC.
Trademark Information: SunGard, the SunGard logo, Global Plus, Investor’s View and the SunGard Transaction Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.