Source: SunGard Online Investment Systems
SunGard (NYSE:SDS) announced today that Dallas-based Southwest Securities Inc., a principal subsidiary of the SWS Group, Inc. (NYSE:SWS), has chosen SunGard's WealthStation, a Web-based workstation that helps financial advisors manage the various assets of high-net-worth investors.
Southwest Securities will implement WealthStation in an ASP environment for its diversified group of financial advisors, independent representatives, and correspondent brokers.
"We needed a comprehensive service that could easily integrate into our diverse business model, and we chose WealthStation because it provides a turnkey solution that helps our advisors and brokers to monitor and manage entire client portfolios," said Holly Peritz, senior vice president and director of Southwest Securities' Investment Management Group. "WealthStation will help us to migrate from a previously fragmented approach to a single, seamless platform across business lines, with the flexibility to add modules to accommodate business expansion and changing needs."
In June, Southwest Securities will provide WealthStation to its Private Client Group of approximately 100 financial advisors and to SWS Group's independent brokerage firm, SWS Financial Services, of about 400 registered representatives. Over the next several months, Southwest Securities will also roll out the service to its 200 correspondent brokerage firms.
"We are pleased that Southwest Securities has chosen WealthStation to help meet the needs of a broad range of advisory users focusing on high net worth clients," said Blaine Maxfield, senior vice president of SunGard's WealthStation business unit. "WealthStation's integrated collaboration and workflow helps trusted advisors to work more efficiently, strengthen client relationships and improve their level of service."