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Part of the Unified Wealth Platform from Fiserv, new reporting module
of Model Management already adopted by asset managers and
broker-dealers
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Solution provides investment managers insights into the use of their
models-only portfolios by broker-dealer sponsor firms
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Managers can access data reports weekly; sponsors benefit from
automation of once-manual reporting processes
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today launched Model Management: Reporting, a new
module that provides investment managers with model portfolio data.
Model Management: Reporting within the Unified Wealth Platform from
Fiserv provides investment managers data about the use of their
models-only portfolios by participating broker-dealer sponsor firms.
Reports include assets under management, weekly and monthly asset flows
and information about the financial advisors using the models, as
provided by the sponsor firm. In addition, an optimized login process
provides single sign-on access to the middle-office component of the
Fiserv platform.
"This technology gives investment manager clients access to key metrics
about the use, penetration and movement of their portfolios," said
Cheryl Nash, president, Investment Services, Fiserv. "With the largest
lineup of models-only sponsors in the industry, this data enables
managers to measure their models' penetration in a particular region or
financial advisor, allowing them to measure their performance relative
to competitors."
"Both sponsors and managers have given very positive feedback on Model
Management: Reporting. Managers appreciate the timeliness, transparency
and years' worth of rolling data, and sponsors appreciate the efficiency
of the application since they no longer have to provide data and
maintain email lists of their managers," said Michael Snizek, product
manager, Investment Services, Fiserv. "Once additional sponsors begin to
use this component of Model Management from Fiserv, managers will be
able to retrieve timely, accurate data that provides powerful insight
into the use of their funds. With more than 60 managers already using
the technology, we'll be able to readily add additional managers, making
Model Management: Reporting a very robust source for models-only manager
data."
Model Management: Reporting will be a featured solution at the Fiserv
Booth (#101 and 103) at the MMI 2013 Fall Solutions Conference in New
York, NY on October 15-16, 2013. A Fiserv representative will be onsite
to answer questions and provide more information and demonstrate the
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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