SunGard said that the first release of WealthStation provides integrated client relationship management (CRM), financial planning, asset allocation, portfolio management, and investment selection capabilities with multi-byte, multi-lingual support including Simplified Chinese.
High-net worth individuals in the region are cautious about risk and investing, keen to achieve balanced asset allocations in their portfolios, and more engaged in their relationships with wealth management firms and advisors.
WealthStation helps firms adopt a more holistic and tailored approach to deliver the level of service and transparency clients are now demanding. It gives advisors the ability to develop financial profiles based on risk sensitivity, generate simulations, optimize portfolios and create proposals, as well as aggregate holdings and assets for a comprehensive, client-centric view.
A key component of WealthStation is its configurable advisor dashboard, which utilizes SunGard’s Business Process Management tool – IPP (Infinity Process Platform) to manage the workflow and documents, including providing financial reporting tools, additional investment reporting, retirement planning and portfolio rebalancing.
IPP has built-in ability to integrate with SunGard’s MarketMap, the global data management solution and the Valdi order management system. It also provides financial planning reporting tools, additional investment reporting, retirement planning, and portfolio rebalancing.
SunGard chief operating officer for wealth management business Bob Ward said that with Asia-Pacific expected to be the fastest expanding center of wealth in the coming years, firms will need to adapt their capabilities, operations and technology around emerging client servicing models.
