BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: 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 accounts in
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.
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
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