FIS has signed more than 20 agreements for wealth management solutions so far this year.
Powered by TrustDesk and InvestEdge, FIS’ wealth management front-office and investment solutions now process more than USD800 billion in assets on over 500,000 accounts daily. The comprehensive integrated platform includes portfolio management, performance and compliance, trust technology outsourcing and business operations outsourcing.
First Farmers and Merchants Bank of Columbia, is just one of FIS’ newest wealth management clients. Founded in 1909, First Farmers and Merchants Bank has 20 branches and assets of more than $1 billion. The bank expanded its existing relationship with FIS to add the wealth management platform to enhance its operational efficiency and empower it to compete more effectively for high net-worth customers through enhanced customer service and reporting capabilities.
First Farmers and Merchants Bank will deploy the full TrustDesk wealth management platform, including InvestDesk portfolio management, ReturnTrack performance measurement, Annual Review Suite for compliance and Client Point Web portal. By using the entire TrustDesk suite, First Farmers wealth advisors and investment experts will be able to provide existing customers with a greater degree of advanced investment services including real-time access to account data, advanced reporting capabilities, faster processing capabilities and information access through the industry’s most advanced Web portal.
"For more than a century First Farmers and Merchants Bank has served the people of Columbia and neighboring counties," says John Tomlinson, chief administrative officer, First Farmers and Merchants Bank. "To stay competitive and ensure that our customers have the best possible service we continue to find ways to improve our offerings. Teaming with FIS will enable us to serve our existing customers through a comprehensive wealth management offering while driving continued growth."
"Our clients continue to deepen their relationship with FIS by expanding their existing solutions and adding new ones," says Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "FIS’ extensive offerings span the entire breadth of financial services and enable FIS to provide the industry-leading solutions that allow our clients to expand functional capabilities and manage IT investments. The ability to leverage existing relationships to undertake these strategic initiatives is a win-win for FIS and the institutions we serve."