Fiserv Brings Model Portfolio Data to Unified Wealth Platform

The new module provides investment managers with data about the use of their models-only portfolios by broker-dealer sponsors

Fiserv announced earlier this month the launch of Model Management: Reporting, a module that provides investment managers with model portfolio data within the company’s Unified Wealth Platform.

The new module from Fiserv (FISV), a financial services technology solutions company based in Brookfield, Wis., provides investment managers data about the use of their models-only portfolios by participating broker-dealer sponsor firms.

Reported data as provided by the sponsor firms includes assets under management, weekly and monthly asset flows and information about the financial advisors using the models. In addition, an optimized login process provides single sign-on access to the middle-office component of the Fiserv platform.

“This technology gives investment manager clients access to key metrics about the use, penetration and movement of their portfolios,” said Cheryl Nash, Fiserv’s president of Investment Services, in a statement. “With the largest lineup of models-only sponsors in the industry, this data enables managers to measure their models’ penetration in a particular region or financial advisor, allowing them to measure their performance relative to competitors.”

Managers like the module’s timeliness, transparency and year’s worth of rolling data, while sponsors like the efficiency of the application since they don’t have to provide data and maintain email lists of their managers anymore, according to Michael Snizek, product manager of Investment Services.

“Once additional sponsors begin to use this component of Model Management from Fiserv, managers will be able to retrieve timely, accurate data that provides powerful insight into the use of their funds,” Snizek said in a statement. “With more than 60 managers already using the technology, we’ll be able to readily add additional managers, making Model Management: Reporting a very robust source for models-only manager data.”

Read Fiserv Launches Online Retirement Illustrator Tool at ThinkAdvisor.

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