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Assets under management in models-based Separately Managed Accounts
(SMA) increased 10.3 percent in Q4 2012
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Results show continued migration from traditional SMA programs by
large sponsors
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With $1 trillion in assets across wealth platforms, account data from
Fiserv is an industry benchmark for trends and performance
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc., a leading global provider of financial services technology
solutions, today announced an analysis of managed accounts models based
on data from its Unified Wealth Platform. Total model portfolio assets,
supporting both SMA and Unified Managed Accounts (UMA), declined
slightly (-0.3%) to $200.3B for the quarter, in-line with broad market
performance. However, assets under management in models-based Separately
Managed Accounts (SMA) programs increased 10.3 percent, while the number
of accounts grew an impressive 22.4 percent, for the fourth quarter of
2012. In addition, total model portfolio assets managed on the Unified
Wealth Platform grew by 15.6 percent in 2012.
Fiserv provides the data to the Money Management Institute (MMI) and
Dover Financial Research, and the results were first published in MMI's
quarterly publication, Central. With more than $1 trillion in
assets across its wealth management platforms, Fiserv managed accounts
data is an industry benchmark for wealth management trends and
performance. The Q4 2012 data, specifically the growth in models-based
SMA confirms that models-based delivery is quickly becoming the dominant
approach by broker-dealer sponsor firms to transition and merge legacy
SMA programs into their UMA platform for trading and overlay management
efficiencies.
"With more than $1 trillion in assets across all our platforms and
nearly 4 million accounts, Fiserv has a leadership position in the
wealth management industry and is uniquely positioned to provide
actionable insight into the trends and flows among the various managed
account programs," said Hilary Fiorella, vice president, product,
marketing and professional services, Investment Services, Fiserv.
Fiserv, with more than a dozen UMA patents, has 3.8 million accounts on
its wealth management platforms and approximately 1.3 million UMA
sleeves. Its Unified Wealth Platform is a holistic wealth advisory
platform that enables financial advisors to construct and deliver
client-centric portfolio solutions for all client types from one
integrated, end-to-end platform. The platform is comprised of an
integration of three primary Fiserv solution suites: Financial Advice
Management, Portfolio Management & Trading and Performance & Reporting,
and is offered to broker-dealers, RIAs, private bankers and wealth
managers in general.
Additional Resources:
About the Money Management Institute (MMI)
Since 1997 MMI has been the leading voice for the global financial
services organizations that provide advice and professionally-managed
solutions to individual and institutional investors. Through industry
advocacy, educational initiatives, regulatory affairs, data reporting
and professional networking, MMI supports and advances the growth of
advisory solutions. MMI members' advice-driven investment solutions
serve an evolving worldwide financial landscape and their organizations
are committed to the highest standards of fiduciary responsibility and
ethical conduct. For more information, visit www.moneyinstitute.com.
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 PR 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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