ADP Brokerage Services Group announced today that fund managers Weiss, Peck & Greer LLC have decided to continue outsourcing the processing of securities transactions to ADP Brokerage Processing Services (BPS).
ADP’s Brokerage Processing Services processes equities, options, fixed-income securities and mutual funds, including automated inquiry, reporting and record keeping services. Weiss, Peck & Greer will continue to have their domestic and foreign equities, mutual funds and fixed income business processed through BPS.
“The financial services industry, over the past 10 years, has been met with many challenges and as a result of our association with ADP we’ve been able to focus on the direction of our business, confident that industry initiatives were being addressed by ADP, which has always met and often exceeded expectations,” says John Kenny, managing director of operations for Weiss, Peck & Greer. “Their comprehensive product offering is a real benefit, from the processing of our trades to the delivery of shareholder information; there is no need to worry about whether systems from different vendors are compatible and easily integrated. We anticipate that our continuing partnership will prove beneficial to them as well as to us and we look forward to our future endeavors.”
Marianne Brown, senior vice president and general manager, ADP Brokerage Processing Services adds: “It’s rewarding to know that our clients are just as committed to us as we are to them. We look forward to our continued partnership with Weiss, Peck & Greer. Our clients can be confident that our product development initiatives are done with their best interest in mind and that we will continue to provide them with the products and services to help grow their business and set them apart from their competition.”