SunGard Asset Management Systems has created a dedicated operating unit to provide turnkey, outsourced wealth management services to financial institutions.
SunGard Asset Management Systems provides software and system solutions to the trust, investment, brokerage, mutual fund, and pensions industry. The company says the formation of SunGard Wealth Management Services will enable it to broaden its role by offering customers a single, integrated solution for outsourcing securities operations, investment accounting, trust operations, employee benefit recordkeeping, investment programs, and financial planning, as well as marketing, training, and risk management programmes for wealth management businesses.
SunGard has launched the new business in cooperation with Wichita's Intrust Bank, which will become the charter customer of the new division. It will be headed by Intrust executive Phil Owings.