Broker-dealer to modernize with Web-based investment dealer management
TORONTO, June 11 /CNW/ -- EDS today announced that First Midwest
Securities Inc., an Illinois-based brokerage firm, has selected EDS SOLCORP's
WealthServ Investments to manage their entire front and back office needs.
This new client engagement accelerates EDS SOLCORP's expansion into the U.S.
market and demonstrates the growing demand for innovative and flexible
solutions that deliver a higher level of customer satisfaction.
First Midwest Securities is an employee-owned independent brokerage firm.
Licensed to sell securities in 50 states, the firm will be consolidating data
from three disparate systems onto the single WealthServ Investments platform,
giving advisors a consolidated view of their customers' holdings and a robust
toolset for meeting First Midwest's compliance, commission and reporting
"WealthServ Investments provides us with a complete, Web-based solution,
able to deploy quickly and at a reasonable cost," said Terry Buffalo,
president, First Midwest Securities. "Our reputation is built on our
exceptional customer service and we're committed to continuing to set the
highest standards in our industry. We're looking forward to working with EDS
to ensure we continue to lead in service and professionalism."
WealthServ Investments is a full-function Web software application hosted
by EDS, supporting broker-dealer back-office, retail financial advisor and
investor direct access on a single real-time system. WealthServ Investments
allows broker-dealers and their representatives to see the same information,
consolidate financial information across investment, deposit and insurance
lines, comply with regulatory requirements, manage compensation and create
on-demand client statements and reports that enhance advisor professionalism.
"We're pleased to be chosen by First Midwest to help them modernize and
consolidate their systems," stated Daniel Baron, president, EDS SOLCORP. "Our
rapid implementations and simple conversion process will enable them to
realize tangible gains and competitive advantage within a short time frame."
About First Midwest Securities, Inc.
First Midwest Securities, Inc. is a progressive, competitive, independent
broker dealer and SEC Registered Investment Advisor with a nationwide
presence. Established in 1987, the firm offers positions to representatives
with already established businesses who wish to offer their clients the best
service, products, and investment knowledge available in the industry.
About EDS SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software
solutions and services for the life insurance and wealth management
industries. For 25 years, EDS SOLCORP solutions have helped customers reduce
their total cost of administration, accelerate time-to-market for new
products, and streamline their infrastructure.
EDS (NYSE: EDS) is a leading global technology services company
delivering business solutions to its clients. EDS founded the information
technology outsourcing industry 45 years ago. Today, EDS delivers a broad
portfolio of information technology and business process outsourcing services
to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries and
to governments around the world. Learn more at http://eds.com.
Lori Nave - EDS Annabelle Baxter
416 673 6250 972 605 0978
For further information:
For further information: Lori Nave, +1-416-673-6250, firstname.lastname@example.org,
or Annabelle Baxter, +1-972-605-0978, email@example.com, both of
Electronic Data Systems Web Site: http://www.eds.com/