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 to enhance 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. From the start of our relationship thirteen years ago, SunGard has demonstrated a commitment to addressing our needs, whether helping to meet new industry requirements and regulations, or providing innovative solutions to enhance our product offerings. We have already begun to see the positive effects of extending the additional SunGard solutions available to our staff and clients."
Kevin Rafferty, president of SunGard's wealth management business, 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 trading, portfolio management, compliance and client access solutions, Fiduciary Trust Company 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. In addition, the company is able to gain efficiencies and enhance service through the use of a single vendor."