Loring, Wolcott & Coolidge Office (LWCO), a Boston-based private trust and investment management firm, is using software from SunGard Asset Management Systems to deliver electronic statements to its clients.
The AddVantage solution delivers real-time, browser-based account information to the investment firm's clients. LockBox, enables LWCO to store and deliver documents electronically, keeping an audit trail of every activity that takes place. The solution can also put tax records and financial statements in an easy-to-use e-folder, from which customers can then share this information with their advisors.
Michael Ashe, chief operating officer of LWCO, says: "This new approach to communication and collaboration lets us respond to and anticipate our valued clients' needs while saving our firm money versus traditional paper account statement delivery."
The deal marks SunGard's first contract win for its e-statement technology.