National Securities; Integre Advisors

FEB 06, 2009
National Securities live on SunGard’s Brass National Securities Corp., an independent-brokerage firm, has gone live with SunGard’s Brass, an Internet-based trade order, execution and compliance management system. As a result, the firm “can monitor all trading activity while helping provide security and best execution for our customers,” Billy Groeneveld, director of trading for National Holdings Corp., the parent company of National Securities of New York, said in a statement. The catalyst for using the system was the potential to reduce infrastructure and implementation costs. SunGard’s Brass offers direct market access, reporting and compliance tools. It can be customized to the requirements of clients and costs are reduced, said Satish Mujumdar, chief operating officer of Wayne, Pa.-based SunGard’s Brass business unit.

Integre to offer administration services

Integre Advisors LLC, a New-York based asset management firm, is launching Integre Administration LLC, a subsidiary that will offer buy-side administration to asset managers. Among the services that the firm will offer is a trading desk to ensure best execution, daily reporting of holdings and cash positions, portfolio accounting and reconciliation. “Many smaller money managers are in a bind,” said Manny Weintraub, founder and principal of Integre Advisors. “With the market’s erosion, portfolios are down, and so are fees, while infrastructure costs remain the same.” These buy-side services might enable managers to cut the costs and reduce the number of people they employ. From a technological perspective, Integre offers a database structure, computer systems that are located in a secure location, and on-site and off-site data backup and storage.

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.