SunGard has acquired Automated Financial Systems Corporation (AFS), a provider of front-office products for financial institutions. AFS will become part of SunGard's WealthStation wealth management technology solution.
AFS solutions include the Investpoint broker workstation, Investor and Active Trader retail trading tools, Infostream streaming market data, and the Correspondent Clearing Portal. They deliver functionality such as basket trading, electronic account opening, and portfolio rebalancing through a standards-based Web 2.0 browser interface. The solutions integrate with major back-office and market-data vendors.
"AFS is an exciting addition to our suite of wealth management solutions," says Gerard Murphy, president of SunGard's brokerage and clearance business. "AFS' proven front-office applications complement our existing WealthStation offering for retail brokerage, clearing, bank, trust, insurance, and independent firms. The integration of financial planning, portfolio management, market data, and advanced trading tools into a single solution will help firms to attract and retain reps and independent advisers."
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