Press Releases
SunGard Receives “Positive” Rating in Leading Analyst Firm’s Broker Desktop/Wealth Management Systems MarketScope Report
January 27, 2010 — Salt Lake City, UT
SunGard has received a “Positive” rating in Gartner’s “MarketScope for Broker Desktop/Wealth Management Systems, North America and Europe”[i] . Gartner rated the overall market as “Promising.”
Broker desktop/wealth management (BDWM) solutions help financial firms effectively deliver services to affluent and high-net-worth clients. Gartner’s MarketScope report reviews current vendor offerings in this space in Europe and North America. Vendors were evaluated on their degree of market understanding, marketing strategy, offering (product) strategy, innovation, product/service, overall viability and customer experience. As financial advisors compete to serve affluent and high net worth clients, and with an ever-expanding range of financial service providers focused on wealth management, BDWM solutions must cover a wide range of processes and capabilities.
In the report, David Schehr, research director, Gartner, Inc., said, “Financial advisors face a tough challenge in meeting a wide range of client and organization needs throughout the relationship life cycle. The consolidated BDWM workstation has become a key tool to enable advisors to execute this range of activities effectively.”
Blaine Maxfield, chief operating officer of SunGard’s wealth management business, said, “Our growing base of customers is already reaping the benefits of SunGard’s wealth management functionality around financial planning, trading, client management and portfolio management as well as online client tools available in a software-as-a-service environment. SunGard’s focus on incorporating trading and client facing applications into WealthStation continues to help advisors enhance their productivity and strengthen client relationships. We believe Gartner’s “Positive” rating confirms SunGard’s position in the industry and our commitment to providing customers with wealth management technology solutions that meet their unique challenges.”
SunGard is a leading provider of wealth management solutions that help banks, trust companies, brokerage firms, insurance firms, benefit administrators and independent advisors acquire, service and grow their client relationships.
About WealthStation
SunGard’s WealthStation provides wealth managers with tools to help them acquire, service and grow their client relationships. Integrating client management, financial planning, investment management, asset allocation, data aggregation, trading, rebalancing, reporting, client access and compliance tools into a single platform, WealthStation delivers a flexible architecture to help advisors improve their productivity while providing increased service levels to their clients.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and WealthStation 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.
MarketScope Disclaimer: The MarketScope is copyrighted December 22, 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
[i] Gartner “MarketScope for Broker Desktop/Wealth Management Systems, North America and Europe” by David Schehr. December 22, 2009