The evolution of technology continues to impact everyone’s lives. This is particularly true in the wealth management industry where a new generation of investors is bringing heightened expectations and demanding a seamless experience across their financial picture. To meet these needs, WoodTrust Asset Management is constantly leveraging technology and data to provide a highly personalized experience for a wide range of clients and organizations.

Every year WoodTrust makes a significant financial commitment to a variety of technology partners. Some are smaller and complement the day-to-day activities of the company. Others are more critical and are leveraged to provide basic services like statements, trading and account maintenance. These partners are constantly reviewed and evaluated relative to other options in the marketplace to ensure client data is safeguarded and the services provided are best-in-class.

Effective October 1, 2021, WoodTrust will be converting to a state-of-the-art core data processing system that will greatly enhance administration, investment and operational capabilities. These services are provided by Fidelity National Information Services (FIS), the same partner WoodTrust Bank has utilized for over 40 years. FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions.

The benefits of this new system include, but are not limited to:

• Real-time reporting
• Enhanced reporting and client presentation tools
• Enhanced client touch points and graphical statements
• Robust internet access and online reporting
• Integrated bank and asset management internet access
• Open architecture framework for third-party interfaces

There is broad excitement for the upcoming enhancements to WoodTrust’s technology infrastructure and the important project of accurately converting client data and internal processes has begun. With this project, there should be minimal client disruption. However, further and regular communications will be provided in the near future.