Press Releases
Legent Clearing Offers SunGard’s WealthStation Financial Planning and MarketMap Solutions to Correspondent Brokers
December 13, 2010 — Wayne, PA
Legent Clearing LLC, an independent provider of clearing services, is offering SunGard’s WealthStation Financial Planning and MarketMap for Advisors solutions to its correspondent clients. WealthStation Financial Planning provides Web-based, integrated planning and asset allocation functions through a single advisor portal. MarketMap for Advisors is a portable market data terminal specifically designed for independent advisors and wealth managers. The availability of these solutions will help Legent provide its clients with increased efficiency and quality of service to investors.
Legent serves a combination of traditional brokers, planners and RIAs, with many of its clients serving or recruiting a growing number of independent advisors. Legent chose SunGard in order to expand the firm’s infrastructure and diversify its service capabilities. Having offered SunGard’s WealthStation Trading broker workstation for trading and reporting to its clients since 2003, Legent’s selection of WealthStation Financial Planning and MarketMap will give its correspondent clients the ability to access comprehensive market data, global research, and advisory and wealth management capabilities.
WealthStation Financial Planning provides tools that help brokers and advisors of all skill levels choose their planning approach through quick reports or multi-issue, comprehensive presentations. Legent chose WealthStation Financial Planning for its flexibility of service options, multi-level functionality from basic to more in-depth financial planning, and built-in trading capabilities for complex options and basket trading.
MarketMap for Advisors provides flexible access to high quality, global market data including real-time price information, news, analysis and financial calculators. It displays information and provides decision support tools for research, analysis, portfolio management, asset management, and advisory functions. Legent chose MarketMap for its portability, cost-effectiveness and flexibility. MarketMap capabilities may be added to suit individual client needs, and used with any broker workstation provided through Legent.
Ray Maratea, president of Legent, said, “SunGard’s solutions help us compete effectively by giving us the ability to offer technology of the same caliber as supplied by many larger clearing firms. WealthStation’s integrated financial planning capabilities will help our correspondents reinforce client relationships and meet a wide range of client needs. MarketMap’s real-time data and accessibility will give our correspondents the information and support they need to make effective decisions.”
Melissa Cullen, executive vice president for SunGard’s wealth management business, said, “Advisors and wealth managers of all levels of sophistication are looking for better, cost-effective tools to help them strengthen service for increasing client demands. WealthStation’s integrated workflows and aggregate information helps advisors spend more time with clients, deliver greater transparency, and provide a higher level of service. MarketMap’s light technology footprint, access to global data across multiple asset classes, and ease of monitoring of usage and cost optimization make it ideal for advisors. It can be customized to suit individual Legent clients and integrate with WealthStation for enhanced efficiency and workflow.”
About Legent Clearing LLC
Legent Clearing provides reliable execution and clearing services, business development support, and competitive pricing to retail and institutional brokerage firms nationwide. Our products and services suite includes modern trading and communications technology, expansive market data, global research, comprehensive portfolio management tools, numerous cash management options, sophisticated advisory/wealth management services and education and training assistance to enhance sales productivity and stimulate asset accumulation. Legent Clearing is committed to helping our correspondents establish business plans and promotional strategies that will allow their firms to become and remain profitable in highly competitive environments. In fact, we’ve helped some small and start-up firms become market leaders by providing custom-fit technology solutions and best of breed products and services that foster increased revenues. www.legentclearing.com
About SunGard’s 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’s MarketMap
MarketMap provides the buy-side and the sell-side with financial market data, news, analysis, financial calculators and improved decision tools. Rapidly deployed and available on an ASP basis, MarketMap is optimized for rapid navigation between multiple market views or workspaces. It is supplied with SMART (Subscriber Management And Reporting Tool), an integrated permissioning system, which allows users to monitor and control data costs in real-time.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, MarketMap 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.