Intrust Wealth Management, a division of Intrust Bank, has implemented SunGard's WealthStation fund source, an investment monitoring and reporting solution for plan advisors, financial consultants and third-party administrators (TPAs) in the retirement plan industry.
As a full discretionary fiduciary on 401(k) plans, Intrust uses SunGard’s WealthStation fund source integrated with SunGard’s Relius Administration retirement plan recordkeeping solution to help improve efficiencies of fund monitoring and increase the level of service provided to its corporate clients.
SunGard said that the solution helps the plan advisor to perform mutual fund research, prepare plan reviews and create simple or complex filters to limit fund selection to those that meet specific, predefined criteria.
Intrust has used SunGard’s Relius Administration system since 1999. Integrating WealthStation fund source with Relius helps Intrust improve the efficiency of its proprietary fund scoring system, monitor and replace funds, and generate plan sponsor reports.
Intrust Wealth Management executive vice president Troy Jordan said that WealthStation fund source helps Intrust create new operational efficiencies by turning a manual process into a fully automated one leveraging data from fewer systems.
"WealthStation fund source helps our relationship managers enhance their effectiveness in fulfilling our fiduciary responsibilities and efficiencies of accessing mutual fund and plan data on-demand," Jordan said.