Fis (NYSE:FIS), the world's largest provider of banking and payments technology, today announced that Old National Wealth Management has selected Fis' TrustDesk for management of its trust and wealth management offerings.
Founded in 1834, Old National Wealth Management is based in Evansville, Ind., and serves customers through more than 160 locations in Indiana, Kentucky and Illinois. With assets of over $8 billion and more than $4 billion in assets under management for their wealth management offering, Old National Wealth Management's parent, Old National Bancorp, is the largest financial services holding company headquartered in Indiana.
TrustDesk, a comprehensive end-to-end wealth management solution, provides portfolio management, investment performance measurement, administrative and investment compliance functionality, retirement distribution, enhanced relationship reporting and Web access portals for customer account access. Its browser-based functionality and a user-efficient design provide simple and intuitive navigation to more than 200 institutions. In addition to the TrustDesk suite, Old National Wealth Management's affiliates currently utilize several FIS solutions including VisionIP item processing, remittance processing, QualiFile® and eAccount Opening.
"Relationships were at the heart of our decision to team with FIS on this crucial aspect of our business," said Carrie J. Ellspermann, president and CEO of Wealth Management, Old National Wealth Management. "While our old system met our basic functionality needs, what we were lacking was the relationship and the feeling that we had a technology partner, not a technology vendor. Now, not only do we have the functionality to provide our customers with the best product offerings and most efficient service, we have people we can turn to for discussing our needs and how to meet our goals. To us, that makes all the difference."
"FIS Wealth Management Solutions provide a comprehensive multi-faceted approach - including portfolio management, compliance and performance - to target the needs of wealth managers of all sizes," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "Old National Wealth Management's decision to team with FIS for Wealth Management is a testament to FIS' ability to deliver effective solutions for complex wealth management programs across the nation."