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Fiserv Unifies Its Managed Account Offering
Harriet Davies
19 October 2011
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 , mutual fund advisory, rep as portfolio manager and exchange-traded funds . 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 capabilities,” the firm said in a statement.