Celent, a member of Oliver Wyman Group, introduces the report Ranking the Vendors of Financial Planning Technology 2008 where SunGards WealthStation is named top quartile among financial planning technology vendors.
SunGards WealthStation is a wealth management platform for financial institutions and independent RIAs. WealthStations modules include client management, financial planning, investment management, asset allocation, data aggregation, trading and rebalancing, reporting, client access and compliance. The tool can be deployed to support a single process such as financial planning or as an end-to-end application.
In Celents ranking list SunGard is situated in the top tier for three out of four key categories. The research is based on 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.
In the Breadth of Functionality category, SunGard received the highest score due to its extensive support for client management, goal setting, and financial planning. Within Advanced Technology, SunGards WealthStation achieved high marks for its flexible desktop, Web-based and mobile offerings, integration with internal and third party systems, and multiple delivery options.
Good client support, resources and valuable partnerships were highly appreciated in the Depth of Client services category.
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, says Blaine Maxfield, chief operating officer, wealth management business, SunGard. WealthStations holistic, workflow-based financial planning and wealth management capabilities help advisors to improve productivity and effectiveness in building and growing their client relationships.
SunGards 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, says Isabella Fonseca, senior analyst and author of the report, Celent. 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.
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