Fidelity Investments and Sungard have added new services to their popular Integrated Trading and Custody Platform. The new services include a directed trustee services program; a payment and reporting system for brokers serving retirement plans; and an Internet-based service to help third-party 401(k) administrators meet the retirement planning needs of their clients.

The Integrated Trading and Custody Platform is an online system designed to help broker/dealers in the retirement investment space with compliance issues, as well as assist with automated payments of asset-based fees to broker/dealers through the NSCC Commission Settlement Service, reporting to fund companies of broker/dealer representative relationships to the retirement plans and an industry leading web application designed exclusively for broker/dealers. The service was launched as a joint venture between Fidelity and SunGard in August 2006, and has garnered about 200 clients so far.

Robert Ward, COO of SunGard’s Transaction Network Unit, said, “SunGard’s relationship with Fidelity, along with the ongoing technology investments from both companies, has given our customers access to one of the most advanced sets of automated trading and brokerage services available. By creating an integrated platform that supports a wide spectrum of investment processes, the STN-Fidelity solution provides customers with tools to help them acquire, grow, manage and service their businesses—today and into the future.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.