Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Asset Management

01:37 PM
Connect Directly


SunTrust Banks will use a portfolio-processing and accounting system from SEI Investments; SS&C Technologies acquires Investment Advisory Network; Canadian investment-management company AGF has implemented PeopleSoft Enterprise CRM.

SunTrust Banks will use a portfolio-processing and accounting system from Oaks, Pa.-based SEI Investments, in accordance with a long-term agreement that the two organizations established. The service model that SEI will provide to SunTrust supports large-bank portfolio-accounting and processing operations. The system conversion is expected to take 12 to 16 months, and will involve a combination of SEI and SunTrust employees. E. William Wohlford, SunTrust's executive vice president of private client services operations, said in a statement, "SEI's conversion track record was an important decision factor for us."

SS&C Technologies, a Windsor, Conn.-based investment-management-software vendor, is targeting the wealth-management market with its recent acquisition of Investment Advisory Network. IAN, a vendor specializing in Web-based wealth-management services. IAN's solution provides integrated applications, functionality and data sources for pre-sale investment-selection processes and post-sale portfolio-management requirements. IAN's clients include financial institutions, broker-dealers and financial advisors who offer managed accounts to the private-wealth market.

Canadian investment-management company AGF has implemented PeopleSoft Enterprise CRM. The solution offers AGF the ability to enhance its relationships with its intermediary advisers and brokers. The solution was deployed to the firm's customer-service team last month. The team can now collect adviser and broker data in real time so that the firm can match service levels to current and future value. The current stage of the project has the firm linking marketing efforts to the recommendation trends from its brokers. PeopleSoft Enterprise CRM enables AGF to better understand the relationship between its intermediaries and their customers, said Stephen Elioff, vice president of customer-relationship management at AGF, in a statement. This knowledge of the customer will help AGF deliver the right product, service and information to the right broker at the right time, he adds.

Register for Wall Street & Technology Newsletters
Top Quotes of the Week
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.