SunGard has added unified managed account (UMA) capabilities to WealthStation, a wealth management technology platform that helps financial advisors productively manage their high net worth clients’ assets.
WealthStation 2.0 aims to help financial advisors at banks, broker/dealers and independent advisory firms to consolidate assets from multiple accounts and institutions into one central planning and decision-making environment. From there, advisors can access multiple investment programs on a single platform, from one point of entry.
Advisors now have access to a single desktop for profiling a client, completing a financial plan, developing an asset allocation, selecting investment programs and managers, and generating a comprehensive proposal and investment policy statement to present to the client at the end of the process.
“WealthStation helps advisors effectively advise their clients without the constraints of any one investment program or product, helping the advisor to hone strategies specific to the client’s needs,” says Mike Winkel, a wealth management strategist at SunGard and president of SunGard’s Advisor Technologies business unit. “Using an integrated, actionable workflow, WealthStation helps planners to grasp and solve their clients’ complex high net worth needs at a holistic level, while ultimately helping provide them with a higher level of account customisation and improve tax efficiencies.”