Fiserv’s Unified Wealth Management Platform allows advisers to move all managed account programs, including separately managed account (SMA), mutual fund advisory (MFA), rep as portfolio manager (RPM) and exchange-traded funds (ETFs), onto one managed account platform. The company says this will enable Fiserv clients to provide a higher level of service to investors and make the investment process more manageable.
The Unified Wealth Management Platform will operate as a product-agnostic platform or chassis. Multi-sleeve accounts will continue to work as they do today, the company said. Traditional SMAs, MFAs, RPMs, and ETFs will be set up as a sleeve or strategies, and clients will have the ability to seamlessly transition from single- to multi-sleeve products.