SunGard has launched WealthStation PlanAdvisor to support investment advisors and other plan fiduciaries serving qualified retirement plans.
The new platform marks as an updated version of the former WealthStation FundSource tool and merges fund, plan and platform data onto a single platform.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Additionally, WealthStation PlanAdvisor offers flexible reporting and automatic fund reviews in addition to flagging investment policy statement (IPS) exceptions, replacing funds automatically, and documenting discretionary approvals for future review and audit.
SunGard said that the new tool will automate the investment process to assist advisors and co-fiduciaries design investment line-ups and conduct fiduciary reviews that are compliant with 404(a)(5) and 408(b)(2) regulations.
The launch of the new tool comes as demand increases for ERISA 3(21) or 3(38) fiduciaries, working with more complex and time-consuming 401(k) plans, and fiduciaries seeking to reduce litigation risk due to increased regulatory scrutiny.
Scott Parry, EVP & general manager advisory services at SunGard, said: "SunGard’s WealthStation PlanAdvisor automates and documents the entire fiduciary investment process, helping advisors grow their business while better managing their risk."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
