Quadron Data Solutions Integrates New Functionality Into AccountQ Account Opening Solution Automates Workflow Associated With 529 Investments

Denver - 19 October 2010

Quadron Data Solutions, a Fetter Logic Company, announced today that it has successfully integrated new functionality for 529 investment plans into the company’s flagship account opening solution, AccountQ™. The new feature provides tools, workflow and forms that reduce the NIGO (Not In Good Order) rate, improve efficiency through the front, middle and back office and decrease the time it takes to process transactions. Broker/dealers can complete 529 account applications more quickly, accelerate principal review and meet subsequent compliance and regulatory requirements by maintaining account details after the account is opened.

“With most 529 plans being one of the key assets not typically supported by the brokerage platform, we are excited about this addition to our off-platform account opening capabilities,” David Fetter, CEO, Quadron Data Solutions, said. “Our account opening solutions, currently in use by over 200 broker/dealers and 20,000 users, are one of the few technologies that can provide cost-saving efficiencies for compliance and operations while simultaneously improving the advisor and customer experience.”

AccountQ, along with the entire Q-Suite™ of solutions, is built on DataPro™, Quadron’s own data warehousing technology. DataPro compiles all data into one central warehouse, eliminating data loss when information is passed through multiple systems as is the case with other account opening solutions. As a result, seamless integration not only with the brokerage platform, but also with books-and-records, CRM, banking, and other systems is now viable for broker/dealers of almost any size and business model.

“Our financial advisors can more easily and efficiently service the needs of our investors,” Roy Mattes, COO, Suntrust Investment Services, said. “Not only have our advisors experienced greater efficiencies but the role-based entitlements and audit trail creation facilitates greater surveillance with less effort. We have made notable improvements in our daily operation and user satisfaction.”

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