Houston Trust Company Integrates Fi-Tek's Wealth Management Technology for Enhanced Operations

Houston Trust Company Integrates Fi-Tek's Wealth Management Technology

In a significant stride towards modernization, Houston Trust Company has officially launched Fi-Tek's Global Wealth Enterprise Solution™ (GWES) as its primary platform for securities processing and accounting. This development not only reflects Houston Trust's commitment to excellence but also marks a pivotal moment in their collaboration with innovative wealth management providers.

Fi-Tek, a prominent name in the wealth management technology sector, has tailored GWES to address the evolving demands of wealth management firms, ensuring that they remain competitive in this fast-paced industry. This system allows Houston Trust to harness streamlined and efficient processing across its various wealth management operations.

The Advantages of GWES

At the core of GWES is a sophisticated securities processing and accounting engine, which aims to enhance productivity and mitigate operational risks through automation of critical functions. Houston Trust Company is taking full advantage of this solution, deploying integral features such as Performance+ and Report Studio—newest functionalities that provide in-depth analysis and reporting capabilities.

Kristie Barnett, Senior Vice President and Chief Trust Operations Officer of Houston Trust Company, expressed her enthusiasm for the new system, stating, "At Houston Trust Company, delivering best-in-class service to our clients has always been our priority. The implementation of GWES allows us to better respond to rapidly evolving client needs. Fi-Tek is a recognized leader in wealth management technology and we're proud to grow this partnership."

This sentiment is echoed by Subir Chatterjee, President and CEO of Fi-Tek, who noted the significant shift in client needs and emphasized the importance of continual enhancement of their systems. "We are delighted to have a sophisticated client like Houston Trust Company select our platform, and we are enjoying our partnership," he shared.

A Comprehensive Approach to Wealth Management

Houston Trust will also utilize Fi-Tek's Unified Managed Account (UMA) solution to streamline investment management and reporting. This sophisticated solution enables a multi-manager strategy, allowing multiple investment approaches under a single account, ultimately enhancing the reporting and performance capabilities for a comprehensive unmanaged experience.

About Houston Trust Company

Founded in 1994 and growing to dominate the Texas market, Houston Trust Company stands out as the largest private, independent, full-service trust company in the region. With over $12 billion in fiduciary assets, the firm serves approximately 350 client relationships worldwide, maintaining strong connections to Texas. Their focus lies in delivering personalized service in areas such as fiduciary administration of trusts and estates, independent investment management, and private client services.

To learn more about Houston Trust Company, visit www.houstontrust.com.

About Fi-Tek, LLC

Fi-Tek is at the forefront of financial technology innovations specifically tailored for Wealth Management and alternative investment providers. Their flagship offering, GWES, is a cloud-based platform designed for multi-currency wealth management that caters to asset managers, private banks, and registered investment advisors. To discover more about Fi-Tek's solutions, explore www.fi-tek.com.

Both companies look forward to the enhanced service delivery capabilities that this partnership heralds, aiming to navigate the complexities of wealth management in a rapidly changing world. The collaboration captures a forward-thinking approach that seeks to redefine client services and operational excellence in the wealth management domain.