SunGard announced today that it has acquired Automated Financial Systems Corporation (AFS), a leading provider of front-office products for financial institutions. AFS will become part of SunGardâs WealthStation wealth management technology solution. The transaction, the terms of which were not disclosed, is not expected to have a material impact on SunGardâs financial results.
AFS solutions include the Investpoint broker workstation, Investor and Active Trader retail trading tools, Infostream streaming market data, and the Correspondent Clearing Portal. AFS solutions deliver advanced functionality such as basket trading, electronic account opening and portfolio rebalancing through a standards-based Web 2.0 browser interface. AFS solutions integrate with major back-office and market-data vendors.
âAFS is an exciting addition to our suite of wealth management solutions,â said Gerard Murphy, president of SunGardâs brokerage and clearance business. âAFSâs proven front-office applications complement our existing WealthStation offering for retail brokerage, clearing, bank, trust, insurance and independent firms. The integration of financial planning, portfolio management, market data and advanced trading tools into a single solution will help firms to attract and retain reps and independent advisors. AFS products are turn-key solutions for SunGard customers since AFS is already integrated with several SunGard solutions including FAME and Phase3. SunGardâs breadth of solutions, industry presence and global reach can help AFS better serve its customers.â
SunGard provides an integrated suite of services to help advisors meet the needs of their clients, grow assets and capitalize on expanding opportunities in wealth management. SunGard helps organizations deliver on the promise of a more holistic and consultative client experience by providing an array of capabilities for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, and consolidated client reporting and performance measurement.