SunGard has launched WealthStation Plan Track - a financial planning tool that enables advisors to illustrate how clients’ financial plans compare to their account performance over time.

WealthStation Plan Track combines data from different financial planning tools and enables advisors to set an “acceptable range” of deviation above or below the projections or actual values. It also triggers alerts or “corrective actions” for deviations the advisor determines to be material, SunGard said.

“Investors are seeking more transparency around the performance of their financial plans over time” said Jennifer Valdez, senior vice president and general manager within the firm’s wealth and retirement administration business.

SunGard Financial Systems provides software and IT services to institutions in the financial services industry.