Regions Bank has signed an agreement with Prudential to provide an integrated wealth technology platform for Regions’ affluent customers and institutional clients.
Through the Regions open architecture solution, Regions Wealth Management clients will be able to access investment managers and a higher level of technology.
“As we continue to expand our wealth management solutions we are pleased to introduce the latest in portfolio management and technology to help our clients meet their financial goals,” says Bill Ritter, senior executive vice president and head of the Regions Wealth Management Group.
Under the terms of the agreement, Regions will implement new overlay portfolio management technology and desktop tools and leverage the investment research services performance reporting and sales support offered by Prudential Wealth Management Solutions, Regions says.
Regions Financial Corporation, with $122 million in assets, is a full-service provider of consumer and commercial banking in the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates 1,700 banking offices. Newark-based Prudential, through its Wealth Management Services, helps financial firms implement wealth management offerings and optimize their workflow.