SunGard Receives High Scores in Celent’s Wealth Management Technology Report on Portfolio Construction
Salt Lake City, UT - 16 July 2007
SunGard announced today that research firm Celent has ranked SunGard as a leading provider of wealth management technology in its latest report, “Ranking the Vendors of Wealth Management Technology 2007: Portfolio Construction.” The report examines the leading vendors in the portfolio construction industry segment, focusing on advisor-specific technologies broken down into the categories of financial planning, portfolio construction and asset allocation, data consolidation, and wealth management platforms.
In all four categories, SunGard was named a leading vendor. Within the “breadth of functionality” category, SunGard received the highest score due to extensive support for portfolio construction and asset allocation functionalities. SunGard also ranked highly in the top quartile in the “depth of client services” category. The study uses Celent’s “ABCD” Vendor View, which shows at a glance the relative position of wealth management technology vendors based on advanced technology, breadth of functionality, customer base (number of customers), and depth of customer service.
“Portfolio construction has become more difficult to administer, and advisors need to spend more time managing the client relationship and relying on technology for management and monitoring of client portfolios,” said Isabella Fonseca, senior analyst at Celent and author of the report. “The dual focus of SunGard’s WealthStation on financial planning and portfolio construction is well received with customers who prefer to minimize the amount of systems and interfaces to maintain.”
“SunGard continues to make significant strides in helping banks, broker-dealers, advisor firms and investment managers succeed, by offering a comprehensive set of integrated, yet modular, wealth management capabilities,” said Blaine Maxfield, president of SunGard’s WealthStation business unit. “We are committed to helping advisors become more effective in serving their clients over the long term, by continuing to build on our strengths in analytics, back-office and third party system integration, and intuitive workflows.”
SunGard is a leading provider of wealth management solutions that help financial advisors, investment managers and compliance officers grow their businesses by meeting the needs of their mass affluent and high-net worth clients, expanding client relationships and gaining assets while fulfilling increasing regulatory demands. SunGard provides an integrated suite of services and best-of-breed point solutions for new account opening, financial planning, asset allocation, surveillance and suitability, portfolio management, unified managed account programs, trade execution, asset management, custody and trust accounting. SunGard’s compliance solutions help wealth managers mitigate risk and automate trade supervision and code of ethics programs.
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