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Geneos will leverage portfolio management, trading and performance
capabilities of the Unified Wealth Platform
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Unified Wealth Platform provides the tools for active portfolio
management, decision support and trading across multiple
managed-account programs
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Geneos Wealth Management,
Inc., a leading independent hybrid RIA/broker dealer, has signed on to
use the portfolio management and trading capabilities of the Unified
Wealth Platform from Fiserv to run its model portfolio business, which
includes Unified Managed Accounts (UMA), Separately Managed Accounts
(SMA) and Mutual Fund Advisory (MFA). They will also leverage
Performance Reporting from Fiserv for high-level performance
calculations.
"We originally intended to build out our own in-house platform, but
after hearing the Fiserv value proposition, we decided the Fiserv
solution would save us money, time and resources," said Dean Rager,
senior vice president, Geneos. "Upon meeting with the Fiserv team, we
quickly recognized the benefits of the Unified Wealth Platform and are
very excited to begin this relationship. Fiserv is an established and
trusted technology provider so the decision to sign was a relatively
easy one. We are confident that Fiserv will scale with us as we grow our
business."
The Unified Wealth Platform from Fiserv will allow Geneos
straight-through processing, more efficient trading and reconciliation,
and the ability to automatically process more account activity daily
with the tools for active portfolio management, decision support and
trading across multiple managed-account programs. These trading
applications are comprised of decision support tools for developing
investment strategies and creating trade scenarios based on the current
trading environment or on established parameters. Geneos had previously
used an in-house Unified Managed Accounts system that didn't allow for
the firm's projected growth and product expansion.
"By selecting Fiserv, Geneos gains a partner with the ability to help it
meet its strategic needs," said Cheryl Nash, president, Investment
Services, Fiserv. "Leveraging the advanced trading and modeling
capabilities of our Unified Wealth Platform, Geneos will be able to
focus on what's most important to them: business growth and product
automation. Fiserv is ready to help Geneos bring its goals to fruition."
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.
Additional Resources:
About Geneos
Geneos is a leading broker/dealer headquartered in Denver, Colo.,
providing financial and estate-planning services through a select
network of registered representatives. The firm's 275 high-quality
advisors around the nation represent $10 billion in client assets under
management. Geneos advisors offer a complete array of wealth management
products, including mutual funds, alternative investment options, fixed
and variable annuities, and life insurance company products. For more
information, visit http://www.geneoswealth.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 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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