Celent Ranks SunGard #1 in Wealth Management Solutions; AddVantage Provides Collaborative Views for Trusted Advisors and High Net Worth Clients.Business Editors MALVERN, Pa.--(BUSINESS WIRE)--Jan. 8, 2002 Celent Communications, a Boston-based research and advisory firm, ranked SunGard's AddVantage number one in overall wealth management solutions in a recent report. AddVantage was launched last year by SunGard Asset Management Systems, an operating group of SunGard (NYSE NYSE See: New York Stock Exchange : SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ). AddVantage enables financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. institutions to provide comprehensive wealth management and private banking services that aggregate financial holdings from multiple service providers. It offers trusted advisors and high net worth individuals a single window into their entire wealth, as well as tools for collaboration, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , portfolio management, risk analysis, performance measurement and secure online e-storage. The Celent report, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Ranking the Vendors of Wealth Management Platforms: Just the Beginning?," evaluated 30 technology providers that have developed next generation wealth management software used by financial institutions to service their high net worth clientele. Celent defines wealth management as services and products designed to assist individuals with at least U.S.$100,000 in investable assets. The report cited SunGard AMS AMS - Andrew Message System for its 20 years of service to trust and wealth management institutions. After launching the AddVantage asset management system, SunGard Asset Management Systems expanded this offering by providing the high net worth portal and wealth management platform. Currently, there are eight live clients using AddVantage, "AddVantage was developed to meet the increasing technology needs of financial services institutions," states Don Birdwell, group chief executive officer of SunGard Asset Management Systems. "As these firms continue to integrate and consolidate the numerous services in their wealth management business, they need Internet-based, real-time, end-to-end solutions (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. to service their wealth management and private banking clients. By focusing on the client and advisor relationship and providing a platform that consolidates product lines, an institution can holistically manage the entire wealth relationship." About SunGard Asset Management Systems SunGard Asset Management Systems provides a comprehensive range of asset management solutions to global financial institutions, including rapidly growing regional asset management institutions, small to mid-sized asset managers, foundations, and fiduciaries. SunGard delivers integrated solutions for investment management, personal trust, institutional trust, employee benefits, private banking, custody operations, and securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. that enable institutions to profitably serve their high net worth clients. SunGard consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" help to improve operational performance and productivity. About SunGard SunGard (NYSE: SDS) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services institutions. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo and AddVantage are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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