Technology
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.