Odyssey to provide advisor tech to Fiduciary Trust

Thomas Coyle

28 August 2009

Franklin Templeton subsidiary plugs into integrator's WealthManager. Fiduciary Trust has signed on to use advisor-technology integrator Odyssey Financial Technologies' WealthManager platform.

"Fiduciary Trust's integrated approach to wealth management and their capabilities in strategic wealth planning and private banking are a great fit for Odyssey's wealth management platform WealthManager," says Odyssey's North America copreate-development chief Craig O'Neill. "They truly understand the relationship between investing in technology, their ability to deliver their superior advice and custom solutions to their clients -- and the efficiencies and benefits of derived from their investment."

Linkage

WealthManager is meant to help advisors manage large books of business through dashboards and automated alert-based monitoring. The scalable technology -- one institutional client has 4,500 users -- combines client-management, advisory, portfolio-management, compliance and reporting functionalities and provides single-platform support for discretionary, advisory and brokerage services.

Late in 2007, Luxembourg-based Odyssey acquired Mississauga, Canada-based Xeye -- O'Neill was its CEO -- in a bid grab market share in Canada and the U.S.

New York-based Fiduciary Trust is a subsidiary of San Mateo, Calif.-based investment manager Franklin Templeton, which managed $448.7 billion at the end of May 2009. -FWR