SunGard Wealth Management Services, a subsidiary of SunGard, announced yesterday it will acquire two subsidiaries of London Pacific Group that provide Web-based technology to financial institutions offering managed accounts or separately managed accounts. SunGard’s acquisition of the units, London Pacific Advisory Services and London Pacific Securities, is expected to close next month. The value of the deal was not released.

SunGard has been working with London Pacific for the past year to integreate the two firms’ technologies.

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.