SunGard has launched a Software-as-a-Service (SaaS) version of its WealthStation wealth management platform to help advisors obtain the financial planning and asset allocation capabilities they need quickly and cost-effectively. Through its SaaS delivery model, SunGard’s WealthStation provides a Web-based, integrated platform to meet the needs of independent advisors without the resources, time constraints, and infrastructure cost of larger implementations.
WealthStation’s SaaS offering allows advisors to access on demand by credit card, more than 60 financial planning modules, including SunGard’s asset allocation software, and automatically receive upgrades in a secure environment with full disaster recovery backup.
Many experienced advisors are departing traditional banks and brokerage firms to start their own independent advisory practices. There is also a growing demand for advisory services as investors seek guidance from investment professionals. These trends are leading to a greater need for quickly deployed advisor applications. WealthStation’s SaaS delivery provides an automated, Web-based environment that helps to simplify implementation, accelerate time-to-market, and gain ongoing processing and cost efficiencies with minimal IT support.
“It is more important than ever for advisors to be agile in their service offerings and dedicate more time to acquiring, retaining and serving clients,” says Kevin Rafferty, president of SunGard’s wealth management business. “Utilizing SunGard’s SaaS framework, WealthStation provides the technology and tools that advisors need to plan and execute investment strategies for their clients in an on-demand environment, without requiring a large capital expenditure. WealthStation’s SaaS application gives independent advisors access to the same quality tools enjoyed by traditional institutions.”
D.C.