FIS said TrustDesk provides portfolio management, investment performance measurement, administrative and investment compliance functionality, retirement distribution, enhanced relationship reporting and web access portals for customer account access.
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In addition to the TrustDesk suite, Old National Wealth Management’s affiliates currently utilize several FIS solutions including VisionIP item processing, remittance processing, QualiFile and eAccount Opening.
Old National Wealth Management president and CEO of Wealth Management Carrie Ellspermann said while their old system met their basic functionality needs, what they were lacking was the relationship and the feeling that they had a technology partner, not a technology vendor.
FIS Financial Solutions Group executive vice president Anthony Jabbour said Old National Wealth Management’s decision to team with FIS for wealth management is a testament to FIS’ ability to deliver effective solutions for complex wealth management programs across the nation.
Indiana-based Old National Wealth Management, founded in 1834, serves customers through more than 160 locations in Indiana, Kentucky and Illinois. It has assets of more than $8bn and more than $4bn in assets under management for its wealth management offering.
