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SunGard Offers WealthStation SaaS

Vendor cites increasing demand for cost-effective services from experienced advisors departing traditional banks and brokerage firms, as well as individual investors seeking guidance from such professionals.

Aiming to meet growing demand from independent financial advisors, SunGard (Salt Lake City) has launched a software-as-a-service (SaaS) version of its WealthStation wealth management platform designed to help financial advisors obtain in a quick and cost-effective manner the financial planning and asset allocation capabilities they need. The SaaS delivery model provides a Web-based platform to meet the needs of independent advisors without the resources, time constraints and infrastructure cost of larger implementations, the vendor claims.

WealthStation's SaaS offering allows advisors to access on demand by credit card, more than 60 financial planning modules, including SunGard's asset allocation software, and automatically receive upgrades in a secure environment with full disaster recovery backup. The SaaS delivery provides an automated, Web-based environment that helps to simplify implementation, accelerate time-to-market, and gain ongoing processing and cost efficiencies with minimal IT support, the vendor says.

In a release about the SaaS version of WealthStation, SunGard cites the demand of experienced advisors departing traditional banks and brokerage firms to start their own independent advisory practices, as well as a growing demand for advisory services as investors seek guidance from professionals.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio

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