Single platform strategy unites retirement planning and wealth
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that it is integrating digital
retirement platform Vestwell into its Unified Wealth Platform. This will
enable financial advisors to access retirement planning and wealth
management tools on a single platform, improving efficiency and
facilitating a better experience for advisors and their clients.
Vestwell will also join the Wealth Management Network from Fiserv, which
connects participants across the managed accounts industry.
"Our partnership with Vestwell brings retirement planning and wealth
management together, empowering financial advisors while expanding the
offerings and enhancing the value they can bring to their clients," said
Cheryl Nash, president, Investment Services, Fiserv. "The ability to
offer a flexible, turnkey retirement platform provides advisors with a
strong touchpoint and benefits peoples' financial lives by reducing the
time to investment and elevating the digital experience."
Through the partnership, Fiserv and Vestwell are providing single access
point convenience and low-cost, high-value automation, allowing advisors
to open a 401(k) that sits alongside their clients' other accounts that
are managed either directly or through a third-party.
Vestwell is the only digital retirement platform that fully integrates
the advisor, company and employee experience through a modern,
configurable interface. The white-labeled solution allows advisors to
deliver a consistent client experience through an open-architecture,
multi-custodial, multi-record-keeping platform. Advisors have the option
to bundle or unbundle their services while also leveraging
administrative and fiduciary services as needed to scale their own
Asset managers can also benefit from the solution, which enables them to
provide mutual fund and ETF strategies that are managed based on risk
tolerance or target retirement dates. As the DOL Fiduciary Rule is
implemented, Vestwell helps asset managers align with the new
"Technology is fueling an industry movement towards holistic planning by
helping advisors incorporate retirement planning services that extend
beyond the reaches of wealth management," said Aaron Schumm, founder and
CEO, Vestwell. "Our partnership with Fiserv will serve to remove the
administrative burden that advisors experience when implementing
retirement plans, and will provide advisors with the tools they need to
best serve their clients."
Fiserv is a market leader providing innovative investment services
solutions with five million managed accounts supported on its Unified
Wealth Platform, representing over $1.4 trillion in assets under
management. The Wealth Management Network from Fiserv provides industry
access to a vast network of 70 sponsor firms, including eight of the top
ten broker-dealers in the U.S., and support for 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.
About Vestwell Holdings, Inc.
Vestwell Advisors, LLC is a SEC registered investment advisor, a wholly
owned subsidiary of Vestwell Holdings, Inc., specializing in 401(k),
403(b) and other defined contribution and benefit retirement investment
management services. Built by an experienced team with an average of 18
years in financial technology, Vestwell assumes 3(38) investment
management and ERISA3(16) fiduciary responsibility on the behalf of
advisors and their plan sponsor clients. Learn more at Vestwell.com
and on Twitter @Vestwell.
This is not an offer, solicitation, or advice to buy or sell securities
in jurisdictions where Vestwell Advisors is not registered. An investor
should consider investment objectives, risks and expenses before
investing. More information is available within Vestwell Advisors' ADV.
There are risks involved with investing. Investors should consider all
of their assets, income and investments. Portfolios are subject to
change. All opinions and results included in this publication constitute
Vestwell Advisors' judgment as of the date of this publication and are
subject to change without notice.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine
World's Most Admired Companies® for four consecutive years,
ranking first in its category for innovation in 2016 and 2017. For more
information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170710005734/en/
Director, Public Relations
Source: Fiserv, Inc. and Vestwell
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