Legent Clearing LLC, an independent provider of clearing services, is offering SunGard's WealthStation Financial Planning and MarketMap for Advisors solutions to its correspondent clients.
WealthStation Financial Planningprovides Web-based, integrated planning and asset allocation functions through a single advisor portal. MarketMap for Advisorsis a portable market data terminal specifically designed for independent advisors and wealth managers. The availability of these solutions will help Legent provide its clients with increased efficiency and quality of service to investors.
Legent serves a combination of traditional brokers, planners and RIAs, with many of its clients serving or recruiting a growing number of independent advisors. Legent chose SunGardin order to expand the firm's infrastructure and diversify its service capabilities. Having offered SunGard's WealthStation Tradingbroker workstation for trading and reportingto its clients since 2003, Legent's selection of WealthStation Financial Planning and MarketMap will give its correspondent clients the ability to access comprehensive market data, global research, and advisory and wealth management capabilities.
WealthStation Financial Planning provides tools that help brokers and advisors of all skill levels choose their planning approach through quick reports or multi-issue, comprehensive presentations. Legent chose WealthStation Financial Planning for its flexibility of service options, multi-level functionality from basic to more in-depth financial planning, and built-in trading capabilities for complex options and basket trading.
MarketMap for Advisors provides flexible access to high quality, global market data including real-time price information, news, analysis and financial calculators. It displays information and provides decision support tools for research, analysis, portfolio management, asset management, and advisory functions. Legent chose MarketMap for its portability, cost-effectiveness and flexibility. MarketMap capabilities may be added to suit individual client needs, and used with any broker workstation provided through Legent.
Ray Maratea, president of Legent, said, "SunGard's solutions help us compete effectively by giving us the ability to offer technology of the same caliber as supplied by many larger clearing firms. WealthStation's integrated financial planning capabilities will help our correspondents reinforce client relationships and meet a wide range of client needs. MarketMap's real-time data and accessibility will give our correspondents the information and support they need to make effective decisions."
Melissa Cullen, executive vice president for SunGard's wealth managementbusiness, said, "Advisors and wealth managers of all levels of sophistication are looking for better, cost-effective tools to help them strengthen service for increasing client demands. WealthStation's integrated workflows and aggregate information helps advisors spend more time with clients, deliver greater transparency, and provide a higher level of service. MarketMap's light technology footprint, access to global data across multiple asset classes, and ease of monitoring of usage and cost optimization make it ideal for advisors. It can be customized to suit individual Legent clients and integrate with WealthStation for enhanced efficiency and workflow."