Broker-dealer to modernize with Web-based investment dealer management system

EDS announced that First Midwest Securities Inc., an Illinois-based brokerage firm, has selected EDS SOLCORP's WealthServ Investments to manage their entire front and back office needs. This new client engagement accelerates EDS SOLCORP's expansion into the U.S. market and demonstrates the growing demand for innovative and flexible solutions that deliver a higher level of customer satisfaction.   

First Midwest Securities is an employee-owned independent brokerage firm. Licensed to sell securities in 50 states, the firm will be consolidating data from three disparate systems onto the single WealthServ Investments platform, giving advisors a consolidated view of their customers' holdings and a robust toolset for meeting First Midwest's compliance, commission and reporting needs.

"WealthServ Investments provides us with a complete, Web-based solution, able to deploy quickly and at a reasonable cost," said Terry Buffalo, president, First Midwest Securities. "Our reputation is built on our exceptional customer service and we're committed to continuing to set the highest standards in our industry. We're looking forward to working with EDS to ensure we continue to lead in service and professionalism."

WealthServ Investments is a full-function Web software application hosted by EDS, supporting broker-dealer back-office, retail financial advisor and investor direct access on a single real-time system. WealthServ Investments allows broker-dealers  and their representatives to see the same information, consolidate financial information across investment, deposit and insurance lines, comply with regulatory requirements, manage compensation and create on-demand client statements and reports that enhance advisor professionalism.

"We're pleased to be chosen by First Midwest to help them modernize and consolidate their systems," stated Daniel Baron, president, EDS SOLCORP. "Our rapid implementations and simple conversion process will enable them to realize tangible gains and competitive advantage within a short time frame."

About First Midwest Securities, Inc.

First Midwest Securities, Inc. is a progressive, competitive, independent broker dealer and SEC Registered Investment Advisor with a nationwide presence. Established in 1987, the firm offers positions to representatives with already established businesses who wish to offer their clients the best service, products, and investment knowledge available in the industry.

About EDS SOLCORP

EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and services for the life insurance and wealth management industries. For 25 years, EDS SOLCORP solutions have helped customers reduce their total cost of administration, accelerate time-to-market for new products, and streamline their infrastructure.

 

About EDS

 

EDS (NYSE: EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.