Stanford Financial Group live with Odyssey Wealth Management Solution
17-Jan-08
Odyssey Financial Technologies, a global provider of Private Wealth,
Separately Managed Accounts/Unified Managed Accounts, and Asset Management
solutions and services, is pleased to announce that Stanford Group Company
has now gone live with Odyssey’s Portfolio and Relationship Manager
Workstations. Stanford Group Company is a member of Stanford Financial
Group, a global network of financial services companies.
Odyssey’s Portfolio and Relationship Manager Workstations are
an ideal solution for firms requiring a full service platform supporting
high-net-worth and affluent investors. The solution provides wealth
managers with sophisticated portfolio management overlay capabilities
supporting large volumes of accounts across multiple currencies and
asset classes. This allows portfolio managers and advisors to focus
on what they do best: overlay management and generating returns for
their clients.
Stanford Group Company chose Odyssey Wealth Management Solutions to
support its new High-Net-Worth and Ultra-High-Net-Worth products, Unified
Managed Account (UMA) and wealth management strategy across the US,
South America and Europe, based on linked Odyssey Component Suite hubs
in Houston, Texas and Zurich, Switzerland.
The initial implementation catered for 1,500 users, including Portfolio
and Relationship Managers, as well as various support and administration
staff. This number has since grown to 1,700 users and should continue
to increase in the foreseeable future.
“As a provider of investment services, the ability to offer UMAs
to our Financial Advisors and clients was critical,” said Zack
Parrish, Executive Director, Wealth Management, for
Stanford Group Company. “We chose Odyssey’s Portfolio and
Relationship Manager Workstations because the solution provides us with
an integrated UMA and wealth management platform that helps us standardize
key processes such as model generation and rebalancing across our client
base.”
“Stanford Group is positioned for success in the UMA segment of
the wealth management industry, one of the fastest growing investment
channels in North America,” states Antoine
Duchateau, Odyssey Chairman and CEO. “Odyssey’s
solutions enable Stanford Financial Group to compete effectively with
UMA by eliminating routine processes and providing the ultimate tool
set, enabling investment managers and financial advisors to focus on
value-added services and comprehensive wealth management services.”
About Stanford Financial Group
Stanford Financial Group is a privately held, wholly owned global network
of independent, affiliated financial services companies led by Chairman
and CEO Sir Allen Stanford. The first Stanford company was founded by
his grandfather, Lodis B. Stanford in 1932. Stanford’s core businesses
are private wealth management and investment banking for institutions
and emerging growth companies.
The Stanford Financial Group of companies provides private and institutional
investors with global expertise in asset allocation strategies, investment
advisory services, award-winning policy and equity research, international
private banking and trust administration, commercial banking, investment
banking, merchant banking, institutional sales and trading, real estate
investment and insurance. Stanford has over $43 billion in assets under
management or advisement. Stanford Financial has made it a priority
to invest in the communities in which it operates across the globe through
signature corporate philanthropy initiatives with non-profit organizations
such as St. Jude Children’s Research Hospital and countless local
and national charities that strengthen communities. Securities products
and services are offered in the United States through Stanford Group
Company, a member of FINRA/SIPC. Stanford Financial Group is not a legal
entity, but a registered trademark which encompasses the global network
of independent, but affiliated, privately held and wholly owned entities.
More information on the company can be found at www.stanfordfinancial.com
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