Products March 10, 2009

Sungard Rolls out ASP Charlotte Version

SunGard now provides application service provider (ASP) delivery of its Charlotte trust accounting system for portfolio management, securities processing, performance reporting, and regulatory compliance, the company said.
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A real-time trust accounting and investment management solution, the system helps trust and wealth management organizations attract, service, and grow client relationships, according to a SunGard news release.

The new offering helps eliminate the need for customers to purchase, maintain and upgrade server hardware and database software, as well as reduce the IT resources required for customers to manage the trust accounting system, SunGard said.

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Customers get automatic upgrades of the system, database, and other related system software, as well as data and system backup and recovery. The system can also complement customers’ network needs for staff to access it remotely, from their homes or customers’ locations.

“The cost of installing and maintaining trust accounting systems in-house can be out of reach for financial institutions that need to be able to reduce costs in today’s challenging economic environment,” said Kevin Rafferty, president of SunGard’s wealth management business, in the news release.

Products March 10, 2009

AUL Offers Business-Building Tool for Fee-Based Advisers

The management of the Retirement Services division at American United Life Insurance Company (AUL) said it launched a business-building service that expands distribution channels to work with fee-based advisers.
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According to a press release from AUL, a OneAmerica company, AUL Investment Advisor Services expands distribution channels to work with registered investment advisers (RIAs), investment adviser representatives (IARs), and other fee-based advisers. Additionally, AUL Investment Advisor Services will help advisers better serve their participants through Web-based investment modeling tools, the company said.

The platform features Web tools for participants, including an investor profile questionnaire, asset allocation models, transfer and rebalancing capabilities, and automatic-enrollment options.

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For the adviser, the customized Web site provides the ability to build personalized investment portfolios and a choice in fee structures. Advisers also can build personalized Web pages to further promote themselves and their services to clients.

 

More information is available at www.oneamerica.com.

 

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