Fiserv Data Indicates Solid Growth in Separately Managed Accounts Models in Q4 2012

  Fiserv Data Indicates Solid Growth in Separately Managed Accounts Models in
  Q4 2012

  *Assets under management in models-based Separately Managed Accounts (SMA)
    increased 10.3 percent in Q4 2012
  *Results show continued migration from traditional SMA programs by large
  *With $1 trillion in assets across wealth platforms, account data from
    Fiserv is an industry benchmark for trends and performance

Business Wire

BROOKFIELD, Wis. -- March 7, 2013

Fiserv, Inc., a leading global provider of financial services technology
solutions, today announced an analysis of managed accounts models based on
data from its Unified Wealth Platform. Total model portfolio assets,
supporting both SMA and Unified Managed Accounts (UMA), declined slightly
(-0.3%) to $200.3B for the quarter, in-line with broad market performance.
However, assets under management in models-based Separately Managed Accounts
(SMA) programs increased 10.3 percent, while the number of accounts grew an
impressive 22.4 percent, for the fourth quarter of 2012. In addition, total
model portfolio assets managed on the Unified Wealth Platform grew by 15.6
percent in 2012.

Fiserv provides the data to the Money Management Institute (MMI) and Dover
Financial Research, and the results were first published in MMI’s quarterly
publication, Central. With more than $1 trillion in assets across its wealth
management platforms, Fiserv managed accounts data is an industry benchmark
for wealth management trends and performance. The Q4 2012 data, specifically
the growth in models-based SMA confirms that models-based delivery is quickly
becoming the dominant approach by broker-dealer sponsor firms to transition
and merge legacy SMA programs into their UMA platform for trading and overlay
management efficiencies.

“With more than $1 trillion in assets across all our platforms and nearly 4
million accounts, Fiserv has a leadership position in the wealth management
industry and is uniquely positioned to provide actionable insight into the
trends and flows among the various managed account programs,” said Hilary
Fiorella, vice president, product, marketing and professional services,
Investment Services, Fiserv.

Fiserv, with more than a dozen UMA patents, has 3.8 million accounts on its
wealth management platforms and approximately 1.3 million UMA sleeves. Its
Unified Wealth Platform is a holistic wealth advisory platform that enables
financial advisors to construct and deliver client-centric portfolio solutions
for all client types from one integrated, end-to-end platform.The platform is
comprised of an integration of three primary Fiserv solution suites: Financial
Advice Management, Portfolio Management & Trading and Performance & Reporting,
and is offered to broker-dealers, RIAs, private bankers and wealth managers in

Additional Resources:

  *Total Model Portfolio Assets Graph -
  *Fiserv Wealth Management Solutions -
  *Money Management Institute (MMI) -
  *Central from MMI -

About the Money Management Institute (MMI)

Since 1997 MMI has been the leading voice for the global financial services
organizations that provide advice and professionally-managed solutions to
individual and institutional investors. Through industry advocacy, educational
initiatives, regulatory affairs, data reporting and professional networking,
MMI supports and advances the growth of advisory solutions. MMI members’
advice-driven investment solutions serve an evolving worldwide financial
landscape and their organizations are committed to the highest standards of
fiduciary responsibility and ethical conduct. For more information, visit

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving
the financial services industry, driving innovation in payments, processing
services, risk and compliance, customer and channel management, and business
insights and optimization. For more information, visit



Media Relations:
Julie Nixon
Senior PR Manager
Fiserv, Inc.
Additional Contact:
Wade Coleman
Director, Public Relations
Fiserv, Inc.
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