SunGard, the financial services sector technology firm, said it has been named the leading front-office vendor in Aite Group’s impact report on the sector.

The report, entitled “Introducing Broker Technology Focus: Service Providers and Technology Vendors to Fully Disclosed Firms", is published this month.

SunGard’s WealthStation was cited as having the broadest capability set for broker-dealers of the applications reviewed for this report.

Aite’s Impact Report profiles 16 vendors that serve a set of nine core functions performed by fully disclosed retail introducing brokerage firms. The nine core functions include: account opening, compliance, brokerage workstation, wealth management, customer relationship management, commission processing, off-platform product processing, document management and data consolidation.

The breadth rating for the participating vendors was calculated by Aite Group based on the coverage of the nine key processes, with maximum points for proprietary coverage, followed by partner coverage, then limited coverage. SunGard’s WealthStation was named the leading solution in the front-office category, which focuses on meeting the needs of financial advisors by supporting their customer interactions.