Companies join forces to enable digital transformation of wealth
management via single platform
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that it has partnered with
Marstone, Inc., a New York-based digital advisory firm, to offer the Powered
by Marstone™ suite of digital investment advice solutions via the Wealth
Management Network from Fiserv. In addition, to support a
single-platform strategy, wealth management firms will now have access
to innovative digital advice solutions that seamlessly integrate into
Wealth Platform from Fiserv. Digital advice solutions complement
personal advisor interactions and are critical in achieving digital
transformation in wealth management, as well as helping create greater
efficiency and scale for financial advisors.
The Marstone platform allows wealth management firms to offer holistic
account analysis, tailored portfolios, and an innovative user
experience. As the industry focuses on goals-based financial planning,
easier client onboarding and fiduciary requirements from the Department
of Labor (DOL), wealth management firms are expanding their digital
advice capabilities to stay competitive, increase brand awareness and
better serve investors in today's fast-paced world. Wealth management
firms can now quickly and cost-effectively unify their front-end
experience across multiple business lines.
"Wealth management firms have a tremendous opportunity to grow client
engagement by incorporating digital advice solutions that enable
advisors to interact with their clients in a way that fits their lives.
Most financial advisors today are not using a digital platform, yet many
investors say a combination of digital and human advisor interaction is
appealing to them," said Cheryl Nash, president, Investment Services,
Fiserv. "In partnership with Marstone, Fiserv is delivering a flexible,
scalable solution that can be seamlessly integrated to elevate the
digital experience for all users."
By incorporating digital tools into their technology portfolio, advisors
can deliver more tailored advice to their investors. The Powered by
Marstone suite leverages technology and user experience to optimize
efficiency, facilitate communication, and maximize growth. The Marstone
digital advice and financial planning platform can be implemented at the
enterprise level as a self-directed robo solution or delivered as a
point-solution hybrid model connected with an advisor. The suite
includes Marstone robo-advice solutions, which can query investors about
their age, income, risk tolerance, time horizon and goals.
"Our partnership with Fiserv enables unparalleled ease of adoption and
deployment for financial firms seeking to white-label our Powered by
Marstone solutions, including digital -advice," said Margaret J.
Hartigan, CEO and founder of Marstone. "As part of our integration, we
will leverage the security, stability, and scalability of the Fiserv
technology, and be able to reach the vast number of custodians already
connected to Fiserv globally."
Fiserv is a market leader providing innovative investment services
solutions with close to five million managed accounts supported on its
Unified Wealth Platform, representing over $1.4 trillion in assets under
management. With the industry's largest digital destination for wealth
management participants, Wealth Management Network from Fiserv includes
access to a robust network of 70 sponsor firms, including eight of the
top ten broker-dealers in the U.S., and supports approximately 300 asset
managers with easy access to hundreds of model portfolio strategies.
This facilitates real-time digital connectivity among all major market
participants, including asset managers, broker-dealers, custodians,
banks, aggregators, market utilities, advisors, investors and
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at Fiserv.com.
Marstone is a comprehensive online investment and financial planning
platform that provides an innovative and intuitive experience for
institutions and individual investors. Powered by Marstone is a
white-label solution that offers a full range of services for a wealth
manager's daily workflow, including an integrated client portal with
digital advice capabilities to aggregate vendors, resources, and tools.
With a mission to demystify money and enable everyone to gain knowledge
and agency of their finances, Marstone built a superior platform that
encourages stronger relationships between advisors and their clients.
For more information, visit www.marstone.com
Fiserv, Inc. (NASDAQ: FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a global leader in financial services technology. In 2016, Fiserv
was honored to be named a FORTUNE® magazine's World's Most
Admired Company for the third consecutive year; in 2015 the company was
recognized among Forbes magazine's America's Best Employers. For more
information, visit Fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170206005337/en/
Senior Public Relations
Director, Public Relations
Source: Fiserv, Inc.
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