Beneficial Investment Services Goes Live on SunGard’s WealthStation for Integrated Financial Planning
November 26, 2007 — Salt Lake City, UT
SunGard (www.sungard.com) announced today that Beneficial Investment Services, Inc.* (BIS), a wholly owned subsidiary of Beneficial Financial Group (www.benlife.com), has implemented the financial planning capabilities of SunGard’s WealthStation. WealthStation is a browser-based wealth management technology platform that combines front-to-back office capabilities including financial planning, asset allocation, portfolio construction, retirement income modeling, trading and back-office processing (www.sungard.com/wealthstation).
BIS will also gain the financial planning features of SunGard’s Retirement Income Simulation Expert (RISE), which offers risk management and what/if scenario simulation modeling to help ensure that advisors can provide clients with alternative solutions for attaining their retirement income goals, a common shortfall or need for many retirees.
RISE will help Beneficial’s advisors to simply and accurately assist clients in analyzing their retirement income by evaluating, comparing and illustrating income goal probabilities, the risk inherent in various planning scenarios, and the ways in which annuities affect the risk of those scenarios.
“As a retail broker-dealer with strong ties to the insurance industry and aggressive growth objectives, we sought a wealth management platform that would easily integrate multiple aspects of the business,” said Charles Funke, chairman, president and chief executive officer at Beneficial Investment Services. “WealthStation provides us with a single Web-based platform with a workflow and format that helps make communicating with the client simple and seamless, from the moment the advisor sits down with the client to gather information, to the clean and comprehensible financial plans we generate for the client.”
BIS’s registered reps and investment advisors use WealthStation as the firm’s official, corporate-adopted financial planning tool, having successfully “test-marketed” the system with a large sampling of the firm’s reps and advisors. WealthStation also extends the opportunity for Beneficial’s insurance agents to cross-sell financial planning services with insurance products.
“WealthStation offers a comprehensive set of modules providing functionality for advisors of various skill and experience levels, and the flexibility to target any point of the planning process, making the platform ideal for use across the organization,” said Mr. Funke. “SunGard is a company with which we can grow to help us cross-sell and provide a higher level of service along the client service continuum with its WealthStation solution.”
“As retail brokers seek new ways to reach growth, service and quality goals, technology continues to be an important component for supporting a deeper level of client-focused services,” said Blaine Maxfield, chief operating officer of SunGard’s Wealth Management business. “WealthStation’s breadth of sophistication, ability to help advisors illustrate value to clients, and Web-based workflow are the principal factors that help firms succeed in the financial planning, retirement planning and wealth management arenas.”
SunGard is a leading provider of wealth management solutions that help financial advisors, investment managers and compliance officers grow their businesses by meeting the needs of their affluent and high-net worth clients, expanding client relationships and gaining assets while fulfilling increasing regulatory demands. SunGard provides an integrated suite of services and best-of-breed point solutions for financial planning, asset allocation, portfolio management, unified managed account programs, trade execution, asset management, custody and trust accounting.
About Beneficial Investment Services
Beneficial Investment Services is a full service-brokerage and investment advisory company offering a complete range of investment advisor products. It provides its clients with investments and advisory services plus a greatly enhanced product line-up, giving them a significant advantage in the highly competitive financial marketplace.
BIS provides a flexible menu of wealth management solutions, offering mutual funds, retirement income management, variable annuities, variable life insurance, exchange-traded funds, brokerage services, and alternative investments. BIS’s open-technology architecture, investment management services, and sales and marketing resources help its financial advisers effectively address clients’ financial needs by providing customized strategies and solutions. Please visit: www.BeneficialInvestmentServices.com.
BIS is a wholly owned subsidiary of the Beneficial Financial Group, which was founded in 1905 in Salt Lake City, Utah, and is the oldest life insurance company domiciled in the Intermountain West.
*Beneficial Investment Services, Inc., is a wholly owned subsidiary of Beneficial Financial Group, member FINRA/SIPC.
Securities and investment advisory services offered solely by Beneficial Investment Services, Inc., member FINRA/SIPC, 150 Social Hall Avenue, Ste. 500, Salt Lake City, Utah 84136, (800) 278-1103.
A workstation for financial advisors serving high-net worth individuals, WealthStation provides a single solution for viewing and managing investors’ diverse assets. Wealth management professionals use WealthStation to aggregate, allocate, optimize and monitor client portfolios. They rely on its collaboration, workflow and report generation tools to help them improve their client service and strengthen their client relationships.
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and WealthStation are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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