Metavante releases investment measurement tool for TrustDesk

Source: Metavante

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced the availability of the first completely integrated, real-time, daily investment performance measurement tool to complement its TrustDesk product, further expanding the comprehensive suite of Investment Technology Services.

ReturnTrack provides a browser-based performance measurement solution to high-net-worth and institutional clients that can be seamlessly combined with other investment technology solutions for true straight-through processing. A technological first in the trust industry, ReturnTrack meets industry-wide investment principles established by the Chartered Financial Analyst (CFA) Institute and the Global Investment Performance Standards (GIPS) for investment firms. Forty-three clients have already selected ReturnTrack as their performance measurement solution since the product was introduced four months ago.

"Today's wealth management market provides many exciting growth opportunities for our investment clients to leverage," said Douglas Smith, senior vice president and general manager, Metavante Investment Technology Services. "ReturnTrack can successfully provide our clients with an integrated and cost-effective performance measurement system for faster turnaround of customer investment results, which can help them confidently compete for sophisticated high-net-worth clients and complex institutional business."

ReturnTrack accesses data from a database shared with TrustDesk, Metavante's comprehensive trust asset management and processing solution, which assures clients the same data is used across all reporting channels. Because it is fully integrated into the TrustDesk solution, ReturnTrack eliminates the need to gather data manually and prevents operational redundancies that are commonly experienced in third-party applications. Metavante manages the product, so no technology upkeep is required by the client. For clients who prefer not to support the back-office analysis associated with performance measurement processing, Metavante also provides a full business process outsourcing solution for back-office support of ReturnTrack.

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