Hub Financial successfully completes rollout of WealthServ to provide a Unified Wealth Management platform : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Hub Financial successfully completes rollout of WealthServ to provide a Unified Wealth Management platform

February 26, 2013

Hub Financial successfully completes rollout of WealthServ to provide a Unified Wealth Management platform

Burlington, ON (rushPRnews) 02/26/13 — Hub Financial today announced they have successfully completed the project to extend their usage of WealthServ to include processing of  their segregated fund and mutual fund business, providing them a Unified Wealth Management platform.

In 2012, Hub Financial decided to extend their use of the WealthServ platform to provide a Unified Wealth Management platform for all products.  The migration and roll-out of WealthServ was phased over a number of months to ensure that Hub Financial was not exposed to unreasonable business risk. WealthServ now provides Hub Financial with a single system to manage life insurance, segregated fund and mutual fund product lines. 

Terri DiFlorio, Hub Financial President, expressed her satisfaction at how smoothly the process had unfolded,  “My previous experience of system migrations has definitely left scars, but I can truly say that BlueSun made it very straightforward.  They were very conscious of the potential risk to our business and made sure that a carefully thought-out approach was taken.  In addition, they are experts in systems and data migration; they really know what they are doing”.

The migration was planned so that a period of parallel processing took place, proving that BlueSun had not only converted the data from Univeris correctly, but that WealthServ could meet the requirements of Hub Financial. 

“Systems and data migration is a very different skillset to writing software” explained Simon Tomlinson, CEO of BlueSun, “which is why switching software packages can be very challenging.  Software companies don’t always have the experience or skills to execute a systems migration successfully.  However, we have a long background of migrating enterprise-level organisations, so have the processes and expertise to make the change relatively seamless from a systems point of view.  Of course you also need to consider the organisational impact of change, but we can provide assistance on that front too if required.”

Following the parallel processing period, the system was made available to all of Hub Financial’s 3000+ advisors and is now being used on a day-to-day basis.  Advisors access the system through RepVision, the WealthServ module that is specifically designed for wealth advisors.

“We have had great feedback from our advisors” commented Diana McKay, SVP Business Services at Hub Financial, “one typical comment we received was ‘You guys really got it right this time. Way to go Hub’.  The advisors love how RepVision provides consolidated client information to them in a clear and easy-to-use format.  It has also been important that BlueSun are willing to listen to us and our advisors - we already have enhancements under development which BlueSun carry out as part of their ‘evergreen’ approach to improving their software.  The switch has been a great success for us.”

About WealthServ
WealthServ, a BlueSun product is, a leading business solution for insurance and investment agencies in North America. WealthServ provides integrated back and CRM technology across life insurance and investment products for MGAs and MFDs. WealthServ is the most connected back-office system with automated data links to Canadian carriers for pending and in-force life insurance feeds, FundServ for mutual funds and the major Paramedical companies for exam status and results. The WealthServ Unified Wealth Management platform delivers everything required for serious wealth management distributors to process all lines of business with one system.

WealthServ website

About Hub Financial
HUB Financial Inc. is a subsidiary of HUB International Limited, an international insurance brokerage that provides a broad range of property, casualty, life and health, employee benefits, investment and risk management products and services through offices located in Canada and the United States.  HUB Financial Inc. is a Managing General Agency ("MGA") for over 3,000 independent life insurance agents and General Agents in Canada. As an MGA, HUB provides efficient access for Independent Life Insurance Agents to Canada's many life insurance companies.

 ####

Media Contact Name: Christine Lanthier
Media Phone: 905 333 3353 x242
Media Web Address: www.wealthserv.com
Main image credits: http://www.wealthserv.com/ca/default.aspx
Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, BREAKING NEWS, CANADIAN NEWS, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / AH Marketing ahmarketinggroup.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Happy Tax CEO Issues Public Letter to H&R Block

NEW YORK 08/29/16 · In response to a collapsing share price, millions...

Cisco Undergoing Changes to Business Model for New Cloud Challenge

Doylestown, PA 08/22/16 · For the employees of Cisco Systems, August can...

Personal Care Aide the Top Growing Healthcare Job in the US

San Francisco, CA 08/17/16 · When it comes to the vast field of...

Bauhaus Restaurant Looking to Hire More Canadian Chefs to Keep Up With Demand

Vancouver, British Columbia 08/16/16 · In just one year, Bauhaus Restaurant has become...

Corporate Gifts for Public Relations? Why Not!

San Francisco 08/01/16 · Many companies spend tens of thousands of dollars...

Heero: the Perfect 3D Printing Partner Monitors & Controls Progress

Brisbane, Australia 07/21/16 · Heero: Aussie Design Team Launches Kickstarter for Device...

Wharton MBA Students to Release World’s First Consumer Smart-Mirror

NEW YORK 07/20/16 · A team of Wharton MBA students announced that...

Gallery Pouch Protects your Artwork During Shipping

Dallas, Texas 07/14/16 · Great protective packaging when shipping all delicate objects...

SAP Shows Further Commitment to the SME Market by Hiring New President

London, UK 07/14/16 · If, when you think about SAP SE's main...