SunGard Launches WealthStation Wealth Management Solution in Asia-Pacific

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SunGard has launched its WealthStation wealth management platform in Asia-Pacific to provide the region’s growing financial advisor industry with tools to help them acquire, retain and service clients.

SunGard has launched its WealthStation wealth management platform in Asia-Pacific to provide the region’s growing financial advisor industry with tools to help them acquire, retain and service clients. The first release of WealthStation provides integrated client relationship management (CRM), financial planning, asset allocation, portfolio management, and investment selection capabilities with multi-byte, multi-lingual support including Simplified Chinese.

High-net worth individuals in the region are cautious about risk and investing, keen to achieve balanced asset allocations in their portfolios, and more engaged in their relationships with wealth management firms and advisors. WealthStation helps firms adopt a more holistic and tailored approach to deliver the level of service and transparency clients are now demanding. It gives advisors the ability to develop financial profiles based on risk sensitivity, generate simulations, optimize portfolios and create proposals, as well as aggregate holdings and assets for a comprehensive, client-centric view.

In an October 2010 Celent report on Wealth Management in Asia: The Road to Recovery, analyst Arin Ray describes the role of technology: “Asian wealth management firms are interested in adopting solutions that offer a single workbench covering broad portfolio management functionality, data warehousing, order management and due diligence,” said Mr. Ray. “In addition, online client services platforms, information and data security, core systems upgrades, and enterprise-wide solution implementation are high priorities among wealth managers.”

A key component of WealthStation is its configurable advisor dashboard, which utilises SunGard’s business process management tool, Infinity Process Platform (IPP), to manage workflow and documents, including providing financial reporting tools, additional investment reporting, retirement planning and portfolio rebalancing. IPP has built-in ability to integrate with SunGard’s MarketMap, a global market data management solution and SunGard's Valdi order management system.

Bob Ward, chief operating officer for SunGard’s wealth management business, said, “With Asia-Pacific expected to be the fastest expanding center of wealth in the coming years, firms will need to adapt their capabilities, operations and technology around emerging client servicing models. WealthStation can help firms create front-office efficiencies, manage front- to back-office workflows, and serve diverse client segments, while helping to reduce costs and risks, meet regulatory requirements, and provide the transparency clients are seeking.”

  • SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating SaaS solutions. Infinity uses SunGard's Infinity Application Framework (IAF), a service-oriented architecture (SOA) development framework, its business process management (BPM) platform and a virtualized, software-as-a-service (SaaS) infrastructure to form a new software development and on-demand delivery environment.

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.

About SunGard
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 of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo, WealthStation, MarketMap and Valdi 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.

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Adriana Senior
SunGard
718-578-1130
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