Fiserv has launched Model Management: Reporting, a new module that provides investment managers with model portfolio data.
Model Management: Reporting within the Unified Wealth Platform from Fiserv provides investment managers data about the use of their models-only portfolios by participating broker-dealer sponsor firms. Reports include assets under management, weekly and monthly asset flows and information about the financial advisors using the models, as provided by the sponsor firm. In addition, an optimised 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," says Cheryl Nash, president, Investment Services, Fiserv. "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."
"Both sponsors and managers have given very positive feedback on Model Management: Reporting. Managers appreciate the timeliness, transparency and years' worth of rolling data, and sponsors appreciate the efficiency of the application since they no longer have to provide data and maintain email lists of their managers," says Michael Snizek, product manager, Investment Services, Fiserv. "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. 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."