SunGard has acquired Automated Financial Systems Corporation(AFS), a provider of front-office products for financialinstitutions. AFS will become part of SunGard's WealthStationwealth management technology solution.
|AFS solutions include the Investpoint broker workstation,Investor and Active Trader retail trading tools, Infostreamstreaming market data, and the Correspondent Clearing Portal. Theydeliver functionality such as basket trading, electronic accountopening, and portfolio rebalancing through a standards-based Web2.0 browser interface. The solutions integrate with majorback-office and market-data vendors.
|"AFS is an exciting addition to our suite of wealth managementsolutions," says Gerard Murphy, president of SunGard's brokerageand clearance business. "AFS' proven front-office applicationscomplement our existing WealthStation offering for retailbrokerage, clearing, bank, trust, insurance, and independent firms.The integration of financial planning, portfolio management, marketdata, and advanced trading tools into a single solution will helpfirms to attract and retain reps and independent advisers."
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