SunGard’s WealthStation Receives High Scores in Celent’s Report on Financial Planning Technology

9 December 2008

SunGard’s WealthStation, a wealth management platform for financial institutions and independent RIAs, was ranked in the top quartile among financial planning technology vendors in the latest report published by Celent, a member of Oliver Wyman Group. The report, “Ranking the Vendors of Financial Planning Technology 2008,” examines the leading 11 vendors with SunGard placing in the top tier for three out of four key categories.

Isabella Fonseca, senior analyst at Celent and author of the report, said, “SunGard’s WealthStation is a modular, enterprise scale solution that appeals to a broad audience with a variety of planning levels, and provides a strong simulation engine, the ability to prioritize client concerns, integrated trading and online client facing tools. The WealthStation 3.0 platform emphasizes a definite shift to holistic wealth management, and provides a new interface that demonstrates a cleaner, easy to use and flexible application.”

The study uses the Celent ABCD Vendor View, which shows at a glance the relative position of vendors in the following categories: Advanced Technology, Breadth of Functionality, Customer Base (number of clients), and Depth of Client Services. Within Advanced Technology, SunGard’s WealthStation achieved high marks for its flexible desktop, Web-based and mobile offerings, integration with internal and third party systems, and multiple delivery options. In the Breadth of Functionality category, SunGard received the highest score due to its extensive support for client management, goal setting, and financial planning. SunGard also ranked highly in the top quartile in the Depth of Client services category for good client support, resources and valuable partnerships.
Blaine Maxfield, chief operating officer of SunGard’s wealth management business, said, “SunGard continues to build on its strengths in financial planning, integration and intuitive workflows to help banks, broker-dealers, insurance companies and investment advisors help their clients navigate the challenges of life events and economic uncertainty. WealthStation’s holistic, workflow-based financial planning and wealth management capabilities help advisors to improve productivity and effectiveness in building and growing their client relationships.”

Developed using SunGard’s Common Services Architecture (CSA)*, WealthStation can be deployed to support a single process such as financial planning or as an end-to-end solution. WealthStation’s modules include client management, financial planning, investment management, asset allocation, data aggregation, trading and rebalancing, reporting, client access and compliance.
* SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components to form a new software development and on-demand delivery environment called Infinity. Infinity helps enable financial institutions to develop and deploy custom applications, integrating SunGard components with their own proprietary or third party components. Infinity uses SunGard's Common Services Architecture (CSA), a service-oriented architecture (SOA) development framework, offering business process management (BPM) and a virtualized, software-as-a-service (SaaS) infrastructure

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