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Business, Finance, Occupation & Industry

Fiserv Adds New Features to its Unified Wealth Platform

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By Business Wirevia The Motley Fool

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Fiserv Adds New Features to its Unified Wealth Platform

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, today announced several new enhancements to its Unified Wealth Platform. Due to the heightened demand for holistic advice and operational efficiencies in managed accounts, Fiserv added advanced trading and modeling capabilities, enhanced user interfaces, and improved model data reporting. The enhancements are designed to benefit home office advisors, operations professionals and advisors with discretion over client assets.

Advanced Trading and Modeling Capabilities for Rep as Portfolio Managers

One of the new features for advisors with discretion over assets on the platform is expanded access and control across models. Advisors are now able to manage assets and trade across all managed account programs, including rep as portfolio manager, exchange traded funds and mutual fund advisory, all in one location for greater efficiency. Advisors will also benefit from advanced modeling capabilities, to consider and present various scenarios in discussions with clients.

“The significant user interface improvements we have made to our Unified Wealth Platform reflect the next generation vision of managed accounts developed for and with our clients,” said Cheryl Nash, president, Investment Services, Fiserv. “This is a fresh look for Fiserv, and clients who are adopting the new features of our platform are benefiting from its innovative design, consolidated views across accounts and, above all, the unparalleled integration of the front, middle and back office, as well as the resulting benefits for investors, their advisors and firms.”

Enhancements to the User Interface for Operations Professionals

Middle-office operations professionals will also benefit from new capabilities available through the Unified Wealth Platform. Fiserv has redesigned its operations user interface, adding major improvements to processing, speed and usability, so new clients migrating to the Unified Wealth Platform will find its intuitive design easy to learn. One of the main features is a Quick Access Toolbar, which provides a consolidated view of frequently used global functions, such as sleeve selection, universe selection and account searches.

Model Data Reporting

Fiserv data shows that model portfolio assets are on the rise. From 4Q 2011 through 4Q 2012, model portfolio assets climbed to $201 billion. …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Four Million Accounts Now Managed and Traded on Industry-Leading Unified Wealth Platform from Fiserv

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By Business Wirevia The Motley Fool

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Four Million Accounts Now Managed and Traded on Industry-Leading Unified Wealth Platform from Fiserv

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, today announced the number of portfolios managed and traded on the company’s wealth management platform has topped 4 million. This significant milestone reflects the continued demand for financial advice and managed account expertise, and the competitive advantages and continued growth of the Unified Wealth Platform, the industry’s leading front-, middle- and back-office wealth management technology platform.

To reach this milestone, Fiserv helped existing clients launch new programs and added net new clients across its various managed account programs, including Unified Managed Accounts (UMA), Mutual Fund Advisory and Separately Managed Accounts (SMA). The number of portfolios on the platform increased from 3 million accounts in 2009 to 4 million today, a 33 percent increase over four years. Growth was strongest in the broker-dealer and bank segments. The broker-dealer segment increased from 1.2 million in 2009 to 2.05 million accounts today, and the bank segment increased from 1.3 million in 2009 to 1.4 million accounts today. The manager segment, which includes registered independent advisors (RIA), now has 550,000 accounts, up from 547,000 accountsin 2009.

“Reaching the ‘four million managed accounts’ milestone is evidence of the value of advisors in this marketplace, and our commitment to meeting, anticipating and exceeding client needs as we remain the preferred technology partner with the wealth management industry,” said Cheryl Nash, president, Investment Services, Fiserv. “By hiring the best people, deploying cutting-edge technology and making strategic acquisitions, we have been able to grow the number of accounts on our Unified Wealth Platform 33 percent in just over four years. This is particularly impressive given market volatility, changes in the financial advice industry and challenges for our economy and individual investors since the financial crisis.”

The Unified Wealth Platform from Fiserv enables financial advisors to construct and deliver client-centric portfolio solutions for all client types from one integrated, end-to-end platform. It has three main components – Financial Advice Management (front), Portfolio Management & Trading (middle) and Performance & Reporting (back). It can be leveraged in total by large enterprises — with multiple business lines, functions and users — or configured and deployed as individual technology components for focused business needs.

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