27 Apr Croesus at the Forefront of Technology at CIBC Wood Gundy
TORONTO, Canada, April 27, 2011 — Monique Gravel, Managing Director and Head of CIBC Wood Gundy Inc., enthusiastically reports on the firm’s scores in the 2011 Brokerage Report Card, focusing on technology. In 2010, CIBC Wood Gundy Inc. went from two portfolio management systems to one, the Croesus Portfolio Management Solution, resulting in the highest score for improvement in the technology tools category.
“We have taken technology in hand. Technology is the core area to improve productivity. We put all our efforts to change our portfolio management system. We had two systems before and combined them into one with a Software as a Service firm that focuses uniquely on this product and they really helped us move to a state-of-the-art position.” says Monique Gravel during an interview at Investment Executive.
Remy Therrien, Croesus President & CEO adds, “the success of the implementation of our product at CIBC Wood Gundy reinforces our commitment to large banks and brokerage firms. It demonstrates that in order to deliver a high quality and reliable portfolio management system, it needs to be your core business”.
Since 1987 Croesus has provided brokerage firms and independent advisors an advanced portfolio management and integrated CRM software. Croesus enables investment advisors to improve the management of portfolios and relationships, optimize the assessment of performance returns, while reducing exposure to risk by meeting GIPS compliance requirements. As a comprehensive solution, the Croesus SaaS platform integrates with major back-end systems such as IBM, custodians like TD Ameritrade and financial information providers that include Morningstar and Fundata. The software of choice for leading brokerage firms like CIBC Wood Gundy and National Bank Financial, Croesus clients manage over $350 B in total Assets Under Management.
About CIBC Wood Gundy
With over 1,000 Investment Advisors in more than 80 locations across the country, CIBC Wood Gundy is committed to building relationships with clients based on trust and integrity, and will work with them to find the investment solutions that meet their unique needs. CIBC Wood Gundy’s complete array of financial products and services, built upon the unified strengths of the CIBC group of companies, provides the foundation that helps them make clients the focus of everything they do. www.woodgundy.com
Vice-President, Business Development and Strategic Partnerships