RBC to Roll Out SunGard's WealthStation Integrated Platform to Registered Investment Advisors and Correspondents
Clearing and custody providers RBC Correspondent Services and RBC Advisor Services, divisions of RBC Capital Markets Corporation, will implement SunGard's WealthStation to provide RBC's correspondent firms and registered investment advisors (RIAs) with an integrated wealth management platform that enhances their ability to acquire, service and grow their client relationships. RBC will roll out the SunGard platform, private-labeled "RBC WealthStation," to its correspondent and RIA firms across the U.S.
Salt Lake City, UT (PRWeb UK) 30 June 2009 -- Clearing and custody providers RBC Correspondent Services and RBC Advisor Services, divisions of RBC Capital Markets Corporation, will implement SunGard's WealthStation to provide RBC's correspondent firms and registered investment advisors (RIAs) with an integrated wealth management platform that enhances their ability to acquire, service and grow their client relationships. RBC will roll out the SunGard platform, private-labeled "RBC WealthStation," to its correspondent and RIA firms across the U.S.
RBC WealthStation will help RBC's correspondents and advisors view holistic account information and respond quickly to specific client needs, helping advisors grow their businesses and compete for new clients. Traditionally, advisors use separate functional tools for client relationship management, asset allocation, financial planning and trading. As an integrated platform, WealthStation helps advisors gain productivity and efficiencies in order to provide consistent and comprehensive offerings to their clients.
Craig Gordon, director of RBC Correspondent Services and RBC Advisor Services said, "Our correspondents and advisors require a more productive, interactive and fluid environment in order to grow their practices. RBC WealthStation integrates best-of-breed capabilities to provide them with a comprehensive and streamlined process on one platform, while offering the flexibility to choose only the tools they want to use. RBC WealthStation will help eliminate the administrative tasks of reconciling data and integrating systems, giving advisors the ability to simplify their use of technology and provide more value to their clients."
In the first implementation phase, RBC's correspondents and RIAs will use RBC WealthStation's integrated capabilities for account retrieval, trading, and client reporting. In addition, RBC WealthStation will integrate with RBC's back-office clearing and custody platform to provide a seamless front- to back-office account management and clearing process. In the coming months, RBC will add WealthStation's financial planning, asset allocation and proposal generation capabilities to the integrated platform.
Kevin Rafferty, president of SunGard's wealth management business, said, "In the race for assets, an advisor's key differentiator is superior service, best delivered through flexible technologies that help advisors grow, support and service their clients as well as, help them spend more of their time on client-facing, value-added activities. By bringing multiple processes together in one seamless environment, WealthStation provides client and account activity dashboards, intuitive workflows through each step, and data sharing across applications to help streamline processes and improve advisor productivity."
About SunGard's WealthStation
SunGard's WealthStation provides wealth managers with tools to help them acquire, service and grow their client relationships. Integrating client management, financial planning, investment management, asset allocation, data aggregation, trading, rebalancing, reporting, client access and compliance tools into a single platform, WealthStation delivers a flexible architecture to help advisors improve their productivity while providing increased service levels to their clients.
About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and WealthStation are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For more information, contact:
Adriana Senior
SunGard
+1 718-578-1130
adriana.senior(at)sungard.com
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