Integrated Decision Systems (IDS) says Wachovia Securities has bought a system from it to service the combined Wachovia/Prudential retail client base.
The CALiPER2 system is a performance calculation and reporting engine for private accounts. Designed to accept large volumes of records daily from brokerage and trust accounting systems, it aim to provide standards-compliant performance reporting.
“We are extremely excited to have been selected by Wachovia for this very important aspect of their client information services. Wachovia is an outstanding institution and we are honored to serve them,” says Don Totter, CEO of IDS. “This is yet another great opportunity to demonstrate the power of our CALiPER2 performance system. In the short time that CALiPER2(tm) has been offered to the marketplace, it has quickly been established as the leading product for providing client-centric performance information to large firms.”