Mercantile Bankshares implements SunGard wealth management platform

Baltimore-based Mercantile Bankshares is deploying a front-to-back office asset management platform from SunGard Wealth Management Services.

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Mercantile Bankshares implements SunGard wealth management platform

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The platform comprises of SunGard's browser-based asset management and accounting system, AddVantage, which includes the vendor's workflow product, QuikFlow. AddVantage allows for consolidated accounting and reporting for all of a client's assets on a real time basis.

SunGard's advisor technologies will also enable users to research, build, manage and administer separately managed accounts.

John Pileggi, CEO, investment and wealth management at Mercantile, says: "For us the benefits of AddVantage include 24/7 access to information for our staff and our clients, an automated workflow that creates efficiencies, straight-through processing capabilities, and the technological resilience demanded by today's industry."

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