US-headquartered technology solutions provider, Fiserv, has crossed the 4 million mark with regard to the number of accounts that are managed and traded on its unified wealth platform.
The number of portfolios on the platform increased from 3 million accounts in 2009 to 4 million, a 33% increase over four years. The growth was strongest in the broker-dealer and bank segments, according to Fiserv.
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The broker-dealer segment increased from 1.2 million in 2009 to 2.05 million accounts, and the bank segment increased from 1.3 million in 2009 to 1.4 million accounts, informed Fiserv.
The manager segment, which includes registered independent advisors (RIA), now has 550,000 accounts, rose from 547,000 accounts in 2009.
Fiserv assisted clients in launching new programs and adding net new clients across its various managed account programs, including Unified Managed Accounts (UMA), Mutual Fund Advisory and Separately Managed Accounts (SMA), in order to cross the 4 million mark.
The Unified Wealth Platform from Fiserv enables financial advisors to construct and deliver client-centric portfolio solutions for all client types from one integrated, end-to-end platform. It has three main components – Financial Advice Management (front), Portfolio Management & Trading (middle) and Performance and Reporting (back).
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By GlobalData
