US software firm SunGard has launched a Software-as-a-Service version of its WealthStation wealth management platform which independent advisors are able to access on demand by credit card.

By launching the SaaS version of WealthStation, SunGard said it is catering for independent advisors who need financial planning and asset allocation capabilities, but who wish to avoid the resource requirements, time constraints and infrastructure cost of larger implementations.

WealthStation’s SaaS package gives advisors access to more than 60 financial planning modules, including SunGard’s asset allocation software, automatic upgrades and full disaster recovery backup.

“Utilising SunGard’s SaaS framework, WealthStation provides the technology and tools that advisors need to plan and execute investment strategies for their clients in an on-demand environment, without requiring a large capital expenditure. WealthStation’s SaaS solution gives independent advisors access to the same quality tools enjoyed by traditional institutions,” said Kevin Rafferty, president of SunGard’s wealth management business.

SunGard provides software and processing solutions for over 25,000 clients, including 25 large financial services companies. Headquartered in the US state of Pennsylvania, the company employs 17,900 people in more than 400 offices across 30 countries.