Technology

Fiserv Unifies Its Managed Account Offering

Harriet Davies Editor - Family Wealth Report October 19, 2011

Fiserv Unifies Its Managed Account Offering

Fiserv, the Nasdaq-listed financial services technology provider, has integrated its managed accounts products into a single platform.

The firm’s unified wealth management platform is now available for clients, including separately managed accounts (SMA), mutual fund advisory(MFA), rep as portfolio manager (RPM) and exchange-traded funds (ETF).

The new managed account service will operate as a product-agnostic platform, and multi-sleeve accounts will continue to work as they do today, according to the company.

Traditional SMAs, MFAs, RPMs and ETFs will be set up as a sleeve or strategies, and clients will be able to switch from from single- to multi-sleeve products.

“This represents an important milestone in the Fiserv strategy to converge technologies, which also includes integration of front-, middle- and back-office technology and data aggregation to deliver unified managed household (UMH) capabilities,” the firm said in a statement.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes