Hilliard Lyons inks wealth management outsourcing deal with Metavante and M&I

Source: Metavante

Metavante (NYSE:MV), a leading provider of banking and payments technology, and Marshall & Ilsley Trust Company N.A. (M&I Trust), an affiliate of Marshall & Ilsley Corporation (NYSE:MI), today announced that Hilliard Lyons Trust Company, LLC has selected Metavante Corporation for trust technology and trust operations processing through M&I Trust.

Headquartered in Louisville, Ky., Hilliard Lyons Trust Company is affiliated with J.J.B. Hilliard, W.L. Lyons, LLC, an independent broker dealer. Together, these companies focus on the areas of wealth creation and management, education and retirement funding, business succession, and trust and estate planning for their clients.

"Now more than ever it is essential to forge strong relationships in order to achieve target results in a complex business environment. We performed an exhaustive review of our trust accounting platform upon the recent completion of Hilliard Lyons' independence from PNC Financial Services Group, Inc., which led us to Metavante," said Donald L. Asfahl, president of Hilliard Lyons Trust Company, LLC. "Coupled with the industry experience, knowledge and depth of M&I Trust, Metavante's trust accounting technology provides a more complete offering, integrating easily with existing technology and allowing us the innovative flexibility to more successfully grow, protect and manage the wealth of our clients."

Metavante will provide Hilliard Lyons Trust Company with trust operations processing services through M&I Trust, using Metavante's TrustDesk, an integrated wealth management platform.

"We pride ourselves on being a full-service trust company that understands what it takes to deliver reliable and accurate trust operations," said Ken Krei, chairman, Marshall & Ilsley Trust Company. "Backed by 84 years of trust services experience, M&I Trust provides a high level of responsive, personalized service and ongoing processing support, affording Hilliard Lyons Trust Company with a greater capacity to focus on their mission to guide clients toward financial peace of mind."

Hilliard Lyons Trust Company will implement TrustDesk's intuitive browser-based screen navigation to drive internal efficiencies, support front-office business building tools and provide end-to-end processing to run its daily accounting and record-keeping applications. The trust company will also leverage Metavante's newly released Client and Executive Management Portal, which provides a single gateway to all TrustDesk information, as well as planning tools, reference information and communications capabilities.

"Through the deployment of TrustDesk, Hilliard Lyons Trust Company can increase their front-office capacity to attract, develop and retain key client relationships while spending less time on operational responsibilities," said Brian Robinson, division president, Metavante Wealth Management Solutions. "Wealth management providers operate in an increasingly complex environment driven by regulatory requirements and escalating client expectations for high-touch service and tailored investment products. In constant collaboration with our clients, Metavante applies its technology and expertise to help clients profitably grow their wealth management business and thrive in a highly competitive marketplace."

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