Introducing Broker Technology Focus: Service Providers and Technology Vendors to Fully Disclosed Firms
Lombard, IL (Vocus) March 31, 2010
SunGard has been named the leading front-office vendor in Aite Group’s Impact Report, “Introducing Broker Technology Focus: Service Providers and Technology Vendors to Fully Disclosed Firms,” published in March 2010. SunGard’s WealthStation was cited as having the broadest capability set for broker-dealers of the applications reviewed for this report.
The Impact Report profiles 16 vendors that serve a set of nine core functions performed by fully disclosed retail introducing brokerage firms. The nine core functions include: account opening, compliance, brokerage workstation, wealth management, customer relationship management, commission processing, off-platform product processing, document management and data consolidation. The breadth rating for the participating vendors was calculated by Aite Group based on the coverage of the nine key processes, with maximum points for proprietary coverage, followed by partner coverage, then limited coverage. SunGard’s WealthStation was named the leading solution in the front-office category, which focuses on meeting the needs of financial advisors by supporting their customer interactions.
Doug Dannemiller, analyst at Aite Group and author of the report, said, “For front-office service and technology providers, the breadth of services varies widely. SunGard is the clear leader in the front-office space among participants with a 90-point breadth rating, offering a comprehensive suite of applications supporting front-to-back-office, with particularly strong compliance and wealth management solutions.”
Blaine Maxfield, chief operating officer of SunGard’s wealth management business, said, “As service endures as a key differentiator for advisors to attract and retain clients, the role of automation will remain critical to advisor profitability, productivity and the ability of firms to serve their clients in a transparent manner. By integrating key functions in one broker desktop solution, SunGard’s WealthStation helps advisors effectively and efficiently communicate with clients, understand their needs, provide consistent and comprehensive service, and meet compliance requirements.”
To download a copy of the report, visit http://forms.sungard.com/go/sungard/wealthstationaitereport.
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 SunGard’s WealthStation
SunGard’s WealthStation provides wealth managers with tools to help them acquire, service and grow their client relationships. Integrating client management, financial planning, investment management, asset allocation, data aggregation, trading, rebalancing, reporting, client access and compliance tools into a single platform, WealthStation delivers a flexible architecture to help advisors improve their productivity while providing increased service levels to their clients.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 IT services company.
Trademark Information: SunGard, the SunGard logo and WealthStation 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.