Wayne, PA (PRWEB) June 30, 2011
Readers of The Trust Advisor Blog, focused exclusively on developments in the trust services industry, have named SunGard’s AddVantage trust accounting system as the top choice among family offices and other wealth managers.
The rankings were compiled from balloting and interviews with industry consultants and users on the pros and cons of 12 systems from 10 separate vendors. The full rankings and accompanying explanations can be found at The Trust Advisor Blog web site at http://thetrustadvisor.com/news/accounting2011. Among the attributes that led to AddVantage’s top spot were its full range of transaction support and processing, open investment architecture, real-time processing over the Web, and automated client communications through its integrated client relationship management (CRM) capability.
Scott Martin, senior editor, The Trust Advisor Blog, said, “This year our sources give the prize to SunGard’s AddVantage for giving the biggest bang out there, bar none. Quite simply, AddVantage does it all, so a look under its hood reveals a lot of what modern trust companies are looking for.”
Eileen Van Scoy, executive vice president of SunGard’s wealth management business, said, “Accurate record keeping is important to trust companies’ ability to improve operational efficiency and enhance the fiduciary-client relationship. SunGard’s AddVantage gives wealth managers scale and flexibility to automate client communications and maintain a holistic approach to the client relationship.”
About SunGard’s AddVantage
An asset management, trust accounting, and securities processing solution, AddVantage helps institutions serve their customers by expanding access to data and services through the Web. Used by large and medium-sized banks and investment management firms across the U.S., AddVantage provides fund administrators, portfolio managers, and their customers with 24/7 Web access to real-time account information. It also provides a comprehensive set of investment management and trade processing capabilities.
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 434 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 and AddVantage 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.