Tue, May 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SunGard and Advent Software launch new workflow for Wrap/Separately Managed Accounts

Monday, July 09, 2012
Opalesque Industry Update: SunGard and Advent Software, Inc., leading providers of software and services for the global financial services and investment management industry, have introduced an integrated trading solution that helps “wrap” managers conduct business with sponsors directly via the SunGard Global Network (SGN) and Advent’s Moxy® order management system (OMS). This centralized and automated solution helps firms expand their separately managed account (SMA) business more quickly, increase efficiency and reduce costs and errors.

“Wrap” managers oversee an investor's portfolio for a flat quarterly or annual fee that covers all administrative, commission and management expenses. These businesses, also known as SMA programs, can be an effective way for asset managers of all sizes to increase assets and capital. However, managers must manually extract data from an OMS and upload the information to a wrap sponsor platform in order to execute each trade, which creates operational inefficiencies.

SunGard and Advent’s solution provides centralized trading and connectivity tools and automates the flow of data from multiple sponsors into and out of Moxy® OMS, creating a more efficient workflow. It also includes an allocation and post-trade system that uses the industry standard FIX protocol to deliver allocation messages in whatever format required by the wrap sponsor. The combined solution helps customers increase their pace of adoption of SMA programs, expand their existing business and reduce the effort necessary to maintain these programs.

Aaron Adolphson, product manager for order management solutions at Advent Software, said, “Wrap/SMA managers today face increased operational challenges managing multiple sponsors and workflows. Managers can take advantage of SunGard and Advent’s integrated solution to simplify the complexity of managing these types of accounts and more fully leverage the growth potential that the accounts provide to their business.”

Ralston Roberts, senior managing director for the SunGard Global Network business unit, said, “The growth of separately managed account programs is fueling the demand for integrated tools that provide efficiency as account volume increases. SunGard’s collaboration with Advent provides a single solution for managing trading and settlement activity, helping customers improve their workflow efficiency and reduce errors and costs.”

SunGard

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  2. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  3. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  4. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

  5. Aberdeen Asset Management suffers high emerging market outflows[more]

    From FT.com: Investors withdrew billions of pounds from Aberdeen Asset Management as money continued to drain from Europe’s largest independent investment group because of worries over emerging markets. Net outflows for the six months to the end of March rose to £11.3bn, higher than market expectati

 

banner