Sacramento, CA - September 7, 2004 – SunGard Advisor Technologies, an operating unit of SunGard (NYSE:SDS), today announced the introduction of a Unified Overlay Management Program providing financial institutions with a best-of-breed, money management solution that includes a higher degree of customization and tax-efficiency in client portfolios.
Overlay management brings traditional separate account management to a new level by combining the investment ideas from some of the industry’s top money managers in a single client account. SunGard has contracted with several established money management firms to provide their security selections. The resulting portfolios are implemented in a single client account by an overlay manager. SunGard can support institutions that want to serve as the overlay manager using SunGard’s Portfolio Manager technology or outsource the overlay activity to a third party; for example, SunGard has an association with Parametric Portfolio Associates, Inc.
"Overlay management is a customized investment vehicle that coordinates the three dimensions of portfolio management – return, risk, and taxes. And SunGard provides financial institutions with access to money manager models and technology to efficiently implement this innovative solution," commented George Myers, executive vice president, SunGard Asset Management Systems.
"What makes the SunGard program unique is how it is specifically designed to support straight-through processing with SunGard trust management systems. As a result, SunGard customers will be able to readily expand their wealth management offering and add value to their client relationships, while retaining custody of the assets," commented Mike Winkel, president, SunGard Advisor Technologies.
"With the popularity and continued focus on separately managed accounts, SunGard Advisor Technologies is positioned to bring more efficient ways for bank and trust company clients, as well as other investment management firms, to enhance their services," added Mr. Winkel.