Accounting and Financial Software
Software provides wealth management platform.
Press Release Summary:
InvestEdge ASP v4.5 provides investment firms with end-to-end trade order management capabilities by facilitating straight through processing. Trade orders, which can be input directly into InvestEdge ASP or created using rebalancing or block trading features, can be passed directly to trading system, which in turn executes trades to broker of choice. Transactions are automatically affirmed and posted to investment firm's record system.
Original Press Release:
InvestEdge Adds Trade Order Management Interface to Wealth Management Platform
Expanded Trading Capabilities Deliver Straight Through Processing to Financial Services Firms with Automated Trade Execution and Other Productivity Enhancing Features
PITTSBURGH, Dec. 28 -InvestEdge, Inc., a rapidly growing provider of wealth management solutions to banks, trust companies, brokerage firms, and financial advisors, now offers expanded trade order management capabilities through InvestEdge ASP Version 4.5, the industry's premier wealth management platform.
The enhanced trading features provide investment firms with end-to-end trade order management capabilities by facilitating straight through processing. Trade orders, which can be input directly into InvestEdge ASP or created using one of the system's many rebalancing or block trading features, can now be passed directly to a trading system, which in turn executes the trades to the broker of choice. The transactions are then automatically affirmed and posted to the investment firm's books of record system.
The initial integration was developed between InvestEdge ASP, Sterling Financial Systems, Inc., and Mid Atlantic Capital Corporation. InvestEdge ASP provides a complete wealth management platform comprised of tools for portfolio management, performance measurement, trade automation, compliance monitoring, advanced reporting, CRM and knowledge management. Sterling Financial Systems delivers trade order management and order routing, while Mid Atlantic Capital provides trade execution.
"The ability to provide straight through processing that is tightly aligned with the overall portfolio management process is in high demand," said Bob Stewart, president of InvestEdge. "We are closely attuned to the needs of financial services firms, and constantly seek ways to improve their productivity and profitability. Our latest trading features are prime examples of how InvestEdge technology can have a positive impact on our customers' day- to-day processes."
Scott Neff, a principal at Glenview Trust, recently deployed InvestEdge ASP's expanded trade automation features. He says, "The latest trading tools save us significant amounts of time and dramatically reduce the chance for errors. Through a single interface, we can access real-time price quotes, produce proposed buy/sell lists, compare potential trades to restricted holdings, evaluate the impact of the transactions on the portfolio, and release trades to an integrated order management system. This can all be accomplished without re-keying any data or leaving the InvestEdge system."
Steve Sierszulski CEO at Sterling Financial Systems adds, "The integration with InvestEdge ASP provides a much-needed solution for trade automation. Investment firms now have a seamless link between the front office, back office and Wall Street. This dramatically streamlines the transaction management process."
About InvestEdge, Inc.
InvestEdge is a leading provider of wealth management solutions to banks, trust companies, brokerage firms, and financial advisors. Through an integrated wealth management platform, InvestEdge automates key front office functions including portfolio management, performance measurement, trade automation, investment reporting, compliance monitoring, CRM, and knowledge management. With patent-pending, web-based technology, InvestEdge enables financial services firms to dramatically improve the productivity and efficiency of investment managers, deliver consistent investment performance, and increase assets under management from existing and prospective high-net worth clients. Founded in June of 2000, InvestEdge is quickly growing through the addition of major customers such as Deutsche Bank Alex Brown, Wilmington Trust, and Greycourt and Co. To learn more, visit www.investedge.com/ or call 1-800-830-1839.
About Sterling Financial Systems, Inc.
Sterling Financial Systems, Inc. is a full-service order management and order routing processing center built to support the direct access trading needs of professional traders. As a Service Bureau, Sterling Financial Systems (SFS) offers a complete solution for enabling access to all major electronic U.S. markets for broker/dealers, hedge funds, day traders, and other professional trading institutions. SFS offers Sterling Trader(R) software as its primary user interface. Sterling Trader(R) Pro and Sterling Trader(R) Manager are fully-featured direct access platforms for active trading, order management, and risk control. To learn more, visit www.sterlingfinancialsystems.com/ .
About Mid Atlantic Capital Corp.
Mid Atlantic Capital Group is a financial services organization that includes Mid Atlantic Capital Corporation, a registered NASD member broker- dealer, and Mid Atlantic Financial Management, Inc., an SEC registered investment advisor. The Mid Atlantic companies provide a broad array of sophisticated financial products, support services and technology to a select group of registered financial professionals and organizations. Mid Atlantic is dedicated to helping these business partners provide first-class service to their clientele. The firm's brokerage, trade processing and advisory businesses exceed $15 billion in account assets. To learn more, visit macg.com/.
CONTACT: Matthew Hutchison, Vice President, Marketing, of InvestEdge, Inc., +1-412-860-8067, or mhutchison@investedge.com
