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Fiserv and Vestwell Announce Integration

The companies hope to enable financial advisers to access retirement planning and wealth management tools on a single platform. 

By John Manganaro editors@strategic-i.com | July 10, 2017

Fiserv Inc., provider of financial services technology solutions, announced that it is integrating digital retirement platform Vestwell into its Unified Wealth Platform.

The move is aimed at enabling advisers streamlined access to retirement planning and wealth management tools on a single platform. Vestwell and Finserv say the move will help improve efficiency and facilitate better experience for advisers and their clients.

Cheryl Nash, president, investment services, Fiserv, says the ability to offer a “flexible, turnkey retirement platform” provides advisers with a “stronger touchpoint and benefits peoples’ financial lives by reducing the time to investment and elevating the digital experience.”

The firms further suggest their integration will deliver “single access point convenience and low-cost, high-value automation, allowing advisers to open a 401(k) that sits alongside their clients’ other accounts that are managed either directly or through a third-party.” The integration solution will focus on open-architecture, multi-custodial, multi-record-keeping delivery.

“Advisers have the option to bundle or unbundle their services while also leveraging administrative and fiduciary services as needed to scale their own advisory business,” the firms suggest.

More information is available at www.fiserv.com