Back-office financial services giant SunGard plans to launch a new product that will combine its Synapse and BrokerAudit services.

Designed for wealth management companies, the new product will promote ethical practices by evaluating trading and supervision, determine needs-based investment suggestions for clients, automate field audits, and respond to new regulatory and legislative demands.

"SunGard's converged solution will help provide centralized information across the organization and a more proactive environment, placing information into the hands of people who can help affect change and solve problems before they become serious," said David Tilkin, SunGard director of compliance and surveillance services.

The product will offer both new services and improved and expanded services as part of Synapse and BrokerAudit including a compliance dashboard that provides a holistic view of trades, exceptions and flags for a particular jurisdiction, a combined rules set, an interactive trade blotter, risk rank evaluation and auditing, and anti-money laundering (AML) system.

(c) 2005 Money Management Executive and SourceMedia, Inc. All Rights Reserved.

http://www.mmexecutive.com http://www.sourcemedia.com

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.