Boston-based Fiduciary Trust Company has implemented several SunGard solutions integrated with SunGard’s Global Plus asset management and custody solution to help expand its automated trading, portfolio management, account review, compliance processing and performance reporting capabilities.
Fiduciary Trust Company is expanding its use of the SunGard Transaction Network (STN) for mutual fund trading to include STN execution services for trade execution and the STN Money Markets portal for short-term investments. The company is also using SunGard’s Investor’sView portfolio management and reporting solution for account review and compliance processing and Global Plus’ web portal to provide clients with online access to account information.
Art Andon, vice president and chief technology officer at Fiduciary Trust Company, said: In evaluating our trading and asset management systems, we turned to SunGard to help us improve our operation’s efficiency and productivity, as well as expand our products and services to a broader client base.
Kevin Rafferty, president of wealth management business at SunGard, said: “As firms compete for assets, the service they provide becomes a key differentiator for their clients. By integrating SunGard’s Global Plus back-office accounting and custody capabilities with SunGard’s solutions, Fiduciary Trust can link activities across the transaction lifecycle, giving its staff the ability to focus more time and energy on client needs rather than on underlying business processes.”