S&T Wealth Management/Stewart Capital Advisors is just one of several new clients set to deploy FIS’ TrustDesk in early 2012.
Founded in 1902 in Indiana, Pa., S&T Bank operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. S&T Bank’s focus on customer relationships and relationship banking has allowed it to build strong ties with its customers and community, enabling it to formulate plans to exceed its customers’ goals.
In addition to S&T Bank, Berkshire Bank of Pittsfield, Mass., has also elected to deploy FIS’ TrustDesk technology as well as trust operations and back-office outsourcing services.
These firms selected FIS because of its proven ability to deliver comprehensive wealth management offerings that enable efficient management of fiduciary, advisory and institutional client relationships. TrustDesk provides support for client relationship management, client reporting and Web access, portfolio management, investment performance measurement, compliance and retirement distributions as well as automated multi-custodial held-away account processing and reporting. FIS also provides full trust operations and back-office outsourcing services. Wealth management front-office and investment management automation are delivered through TrustDesk and InvestEdge®.
“The level of integration offered by the complete wealth management platform through FIS allows us the significant efficiency of managing both our traditional trust business and our advisory business on a single common platform, while addressing the unique requirements of each business line,” said Malcolm Polley, executive vice president and managing director, S&T Wealth Management. “The broader corporate relationship between S&T Bank and FIS also benefits the trust and wealth management business by streamlining vendor management and leveraging shared infrastructure.”
“Intuitive navigation and comprehensive browser-based functionality are the foundations of FIS’ industry-leading wealth management platform,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “Diverse financial institution clients utilize TrustDesk for efficient management of their front, middle and back-office operations, allowing them to provide superior service to their current clients and attract new clients. We’re excited to see such positive momentum for our wealth management solutions in 2012.”
FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is ranked third on the Barron’s 500, 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
For More Information:
Mary Waggoner, SVP, FIS Investor Relations
P: 904.438.6282 - E: mary.waggoner[.]fisglobal.com.