Portfolio Management & Trading
End-to-End Processing and Communications Leveraging
More Than 2,500 Interfaces Allow You to Deliver Your Best
to Your Investors
Solutions
Completing the middle-office component of the Unified Wealth Platform, Portfolio Management & Trading solutions from Fiserv allow investment managers to scale their business and manage multiple functions of wealth management in a single location. More than 350 wealth management firms currently use products within Portfolio Management & Trading solutions, leveraging their extensive benefits to meet the
industry’s evolving demands.
The Industry at a Glance
In order to remain competitive and grow revenue, financial institutions must use cost-effective technologies that drive productivity and automate workflow. This added efficiency breeds increased capacity, allowing firms to focus on value-added services, such as improving their product offerings and enhancing the quality of service provided to investors.
Connectivity, scalability and functionality are core components of Portfolio Management & Trading solutions. Designed to handle complex, high-volume transactions inherent in the managed accounts industry, financial institutions can boost efficiency by managing multiple products in a single ASP location.
Covering All of Your Middle Office Needs
Solutions within Portfolio Management & Trading span all functions of the middle office, reducing the manual and redundant processes often found in legacy systems. The efficiency of Fiserv solutions increases the integrity of your clients’ data, safekeeping records and ensuring reporting
due diligence. The unmatched connectivity of Fiserv technology enables us to process and maintain more than 2,500 interface files to major banks, broker-dealers, various back-office systems and third-party vendors. On a daily basis, our systems handle over three million portfolios, hundreds of new account openings and millions of trades.
Products within Portfolio Management & Trading solutions include:
• Financial Advisor WorkbenchSM • Global Portfolio Accounting • Investment Management
• Managed Accounts (ETF, MFA , RPA, RPM, SMA, UMA)
• Model Management • Reconciliation Manager • Reporting Services • Trading Services
Financial Advisor WorkbenchSM
Financial Advisor Workbench from Fiserv is designed to assist firms and financial advisors with the management of Rep as Portfolio Manager and discretionary guided model programs. The solution provides a robust suite of portfolio accounting and support tools for fee-based assets. Financial Advisor Workbench is a Web-based application that is easy to use and provides advisors with a comprehensive toolset that requires no learning curve.
As the wealth management industry continues to grow in complexity, there has never been a stronger
demand for streamlined and efficient technology solutions. For more than 25 years, Fiserv has led the
managed accounts universe with its best-in-class Portfolio Management & Trading solutions (formerly
known as APL
®).
Designed to meet the needs of large and small firms alike, Financial Advisor Workbench accommodates high volumes of trades and accounts, while ensuring compliance and efficiently managing trading and reporting.
Global Portfolio Accounting
In today’s global investment community, multi-currency trading and portfolio accounting solutions have become a requirement for many financial institutions. Global Portfolio Accounting from Fiserv is a multi-currency system capable of processing a variety of foreign exchange transactions, derivatives and currency forwards.
The sophisticated workflow of Global Portfolio Accounting enables financial institutions to manage the capture, confirmation and settlement of trades across any industry standard platform or asset type.
Investment Management
Investment Management from Fiserv provides financial institutions with a quick and efficient process for creating active portfolios. The solution allows portfolio managers to directly apply market insight on favored sectors and securities, while measuring the impact of decisions against model portfolios or benchmarks.
With Investment Management, firms can automate once complex processes with a repeatable workflow. The advanced portfolio management capabilities of Investment Management enable users to create exception reports, which track and highlight accounts in need of attention.
Managed Accounts
Integrate multiple programs on a single platform with Managed Accounts from Fiserv. A product-neutral platform, the Managed Accounts solution simplifies the delivery of multiple managed account programs, including:
• Exchange Traded Funds (ETFs) • Mutual Fund Advisory (MFA) • Rep as Advisor (RPA)
• Rep as Portfolio Manager (RPM) • Separately Managed Accounts (SMA) • Unified Managed Accounts (UMAs) Managed Accounts allows financial institutions to seamlessly transition from single- to multi-sleeve programs, simplifying the trading and rebalancing process. Its extensive sleeve-level portfolio management and trading capabilities provide advisors of any type of financial institution the competitive ability to provide targeted and holistic advice, automatically. Advisors of any type of
financial institution now have the competitive ability to provide targeted and holistic advice, automatically.
Model Management
Create, maintain and manage an unlimited number of models with a single, Web-based solution. The secure and scalable environment of Model Management from Fiserv allows financial institutions to maintain single-style models and multi-style unified managed account (UMA) composite models in a secure and scalable environment. Model Management has a highly intuitive, graphical user interface. Roles-based entitlement grants financial institutions the flexibility to allocate appropriate permissions for model review, publish and trading functions. Tightly integrated with Investment Management, Model Management enables the rebalancing and maintenance of models on one platform.
Reconciliation Manager
Reconciliation plays an important role in how financial institutions manage their exposure to risk. To help mitigate this challenge, Fiserv developed Reconciliation Manager, designed to improve risk management analysis and streamline the overall reconciliation process. Reconciliation Manager from Fiserv is designed to consolidate reconciliation data for all clients and custodians into one data repository, so financial institutions have more control over their data. With overnight
Access to more than 400 Web-based reports includes: management, regulatory, house holding, performance pricing, reconciliation, holdings, transaction and gain/loss. Built-in report writing functionality permits the creation of custom reports. interface processing, Reconciliation
Manager enables firms to concentrate efforts on viewing and resolving exceptions, rather than manual reconciliation.
Reporting Services
Reporting Services from Fiserv offers a range of management information and operational reporting to support financial institutions. Access to more than 400 Web-based reports includes: management, regulatory, house holding, performance pricing, reconciliation, holdings, transaction and gain/loss. Built-in report writing functionality permits the creation of custom reports.
In addition, Reporting Services can generate customized client statement reports. Elements of statement reports can be customized to reflect any financial institution’s unique brand, logo and color scheme.
Trading Services
Trading Services from Fiserv provides financial institutions with the tools needed for active portfolio management, decision support and trading across multiple programs, including: ETF, MFA, RPA, RPM, SMA and UMA. The solution supports the entire portfolio management process – from portfolio construction and compliance review to order generation and trade execution.
Trading Services is comprised of decision support tools for developing investment strategies and creating trade scenarios based on the current trading environment or on established parameters. The solution’s capabilities are extensive and include: • Single- and multi-account trading • Overnight rebalancing
• Tax-aware trading • Overlay trading
• Sleeve-level trading and reporting Additionally, Trading Services can be used for trade order management and risk analysis, including the generation of “what if” scenarios.
Portfolio Management & Trading gives your institution the power to master complex multiple functions and leverage your expertise to meet the needs of your investors.
Connect With Us
About Fiserv
800-872-7882 262-879-5322 [email protected] www.fiserv.com Fiserv, Inc. 255 Fiserv Drive Brookfield, WI 53045
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