BROOKFIELD, Wis.–Fiserv has been named a winner in the Fund Intelligence U.S. Mutual Fund Services Awards 2016 in the category of “Best Outsourced Technology Infrastructure Provider.”
The U.S. Mutual Fund Services Awards are designed to reward a wide array of service providers - from administrators and custodians to legal specialists - who provide a vital function for the U.S. mutual fund sector. Fiserv was honored in these inaugural awards for the portfolio management, trading, accounting, performance and reporting technology on its Unified Wealth Platform supporting Mutual Fund Advisory (MFA) programs.
“Meeting the technology needs of these MFA programs requires the ability to process a large number of accounts, while providing the proper administration tools and functionality,” the company said. “To date, the Fiserv platform supports over $1 billion in MFA assets under management, while currently serving more than 17 percent of the U.S. mutual fund market. In 2015, MFA accounts on the Fiserv platform grew more than 18% and assets rose by nearly 14%, demonstrating the technology provides the functionality and scale required to grow a firm’s MFA business.”
In a recent update of Unified Wealth Platform, Fiserv said it support of MFA programs with a new digital user experience, providing users with more efficient portfolio management and trading solutions.
“We strive to provide the best technology to help our clients reimagine the financial services experience for their customers,” said Cheryl Nash, president, Investment Services, Fiserv. “This award is a testament to the investment we make to understand and solve the challenges faced by wealth management firms and our desire to make people’s financial lives easier.”