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Adhesion Technologies taps SunGard manager research and due diligence system

31 July 2006  |  1945 views  |  0 Source: SunGard

SunGard announced today that Adhesion Technologies, the provider of the WealthADV Platform for independent registered investment advisors (RIAs), is using SunGard's Manager Research and Due Diligence service, a component of SunGard's Unified Overlay Management Program

Adhesion Technologies will distribute SunGard's research and stable of third party manager models through WealthADV to help RIAs provide personalized investment management to their affluent clients.

Michael Stier, chief executive officer and president of Adhesion Technologies, said, "Our RIA clients needed objective manager research and due diligence. With SunGard, we were able to speed our time-to-market in offering our advisors an open architecture approach to "In-House" overlay portfolio management through our WealthADV Platform. With access to more than 15 leading managers supplying major style categories, our RIA customers will be better able to customize investment management services and help enhance investment return opportunities for their high-net-worth clients."

Charlotte, N.C.-based Adhesion Technologies has a national client base of more than 35 independent RIA firms representing more than $7 billion in assets under administration. Adhesion's WealthADV integrates back-office operations, performance reporting and in-house overlay management capabilities into a single, comprehensive platform.

Bill Spiropoulos, chief executive officer and president of CoreStates Capital Advisors LLC in Newtown, Pennsylvania, said, "The WealthADV In-House Overlay Management Platform helps give us a powerful advantage over the wire houses since we can provide our clients with multiple strategies within a single account, which helps reduce paperwork and manual processes."

Mike Winkel, president of SunGard’s Advisor Technologies business, said, "Unified overlay management is gaining momentum as the next generation of investment management as clients of RIA firms demand a more personalized investment approach. Manager selection and due diligence is a key component to the success of overlay management, and we are pleased that Adhesion Technologies is using our thoroughly reviewed and monitored stable of manager models to help RIAs grow their asset bases and focus on core competencies."

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