RBC to Roll Out SunGard’s WealthStation to RIAs, Correspondents

Clearing and custody providers RBC Correspondent Services and RBC Advisor Services, divisions of RBC Capital Markets Corporation, will implement SunGard’s WealthStation wealth management platform.

RBC will roll out the SunGard platform, private-labeled RBC WealthStation, to its correspondent and registered investment advisory (RIA) firms across the U.S.

A news release say the platform will help RBC’s correspondents and advisers view holistic account information and respond quickly to specific client needs, helping advisers grow their businesses and compete for new clients.

In the first implementation phase, RBC’s correspondents and RIAs will use RBC WealthStation’s integrated capabilities for account retrieval, trading, and client reporting. In addition, RBC WealthStation will integrate with RBC’s back-office clearing and custody platform to provide a seamless front- to back-office account management and clearing process. In the coming months, RBC will add WealthStation’s financial planning, asset allocation, and proposal generation capabilities to the integrated platform, according to the release.