SunGard wins Wells Fargo wealth contract
17 December 2001 | 3590 views | 0
Lowry Hill, the high value wealth management division of Wells Fargo, has implemented SunGard's Global Plus solution across its asset management business.
Under the five-year agreement, the wealth management firm will use Global Plus on an application service provider (ASP) basis to provide a higher level of customisation for customer relationship management. The AddVantage Web Access product will be used as an online delivery channel to provide account and transaction information to clients.
Julie Krieger, chief financial officer for Lowry Hill, sates: "We selected Global Plus because of its ability to customise the software to meet our clients' diverse needs. Specifically, the system's global securities functionality was a great fit for clients with global holdings."
Krieger says the ASP arrangement was appealing, "because we can allocate fewer internal resources to the system and remain focused on serving our clients".
Lowry Hill focuses on managing the assets of high net worth individuals, private family foundations, and charitable trusts. The firm requires $10 million of liquid assets to begin a relationship.