BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: 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.
Assets of that size require extensive tracking. In order to provide
investment managers with greater insight into assets under advisement in
the model programs in which they participate, Fiserv has added model
manager reporting capabilities to the Unified Wealth Platform. In
addition, an optimized login process provides single sign-on access to
the middle-office component of the platform.
"Using this technology, our investment manager clients will have access
to key metrics about the use and acceptance of their portfolios by
participating sponsor firms," said Nash. "With the largest lineup of
Models-Only sponsors in the industry, this data will enable investment
managers to track performance in a particular region or a financial
advisor complex to measure performance relative to competitors."
The Unified Wealth Platform from Fiserv represents the integration of
its front-, middle- and back-office wealth management technology through
three main components of the platform: Financial Advice Management
(front), Portfolio Management & Trading (middle) and Performance &
Investor Reporting (back). The platform 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.
Fiserv has more than four million accounts on its wealth management
platforms and over 1.3 million UMA sleeves. With the acquisitions of
AdviceAmerica financial planning technology and CashEdge data
aggregation capabilities, Fiserv has extended its leadership position
with technology that can support all functions of a wealth management
business with a truly integrated, end-to-end solution.
Additional Resources:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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