We are excited to announce WoodTrust Asset Management (“WoodTrust”) is undergoing a significant investment in data processing and back-office capabilities. Beginning on October 1, 2021, WoodTrust will partner with Fidelity National Information Services, Inc. (“FIS”) TrustDesk solution for core technology, data and support services. This conversion to a state-of-the-art system will greatly enhance our administrative, investment and operational capabilities. The benefits include, but are not limited to:
– Robust real-time reporting
– Enhanced client presentation tools
– Improved client touch points, such as graphical statements
– Upgraded internet access and online reporting
As a provider of WoodTrust Bank’s core banking technology, FIS has been an important partner of WoodTrust Bank for over 40 years and we are particularly excited about how this infrastructure will expand our capabilities to support all of your financial service needs.
This will culminate a more than one-year data processing conversion process that includes mapping of data from our current provider (SEI Private Trust Company), refining processing procedures and training of staff. It also includes the setup of online account access features and graphical statements. Prior to that, senior management at WoodTrust undertook a nearly two-year extensive review of the features and benefits of various platforms and partners available in the marketplace. We are pleased and excited for our new partnership with the TrustDesk solution and are confident the expanded products and services will best meet the goals of WoodTrust clients for many years to come.
There will be minor changes to information you see on a regular basis. Your account number, appearance of your statement and internet access will all be updated. Additional information on those changes will be forthcoming. There will not be any changes to the investment strategies currently employed, WoodTrust staff, ownership of WoodTrust, disbursement/contribution schedules or other related items.
All of us at WoodTrust greatly value and appreciate your business, faith and confidence. We are humbled you have selected us as your financial services partner. Please reach out to your relationship team with your ideas, questions and valued comments by contacting us at 715-423-6800.