Company inks five-year contract extension for wealth management
solutions from Fiserv
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that BridgePortfolio®,
Inc., has signed a five-year contract extension to use its suite of
Portfolio Management and Trading solutions (formerly known as APLSM).
BridgePortfolio selected Fiserv for its leadership and tenure in the
industry and the ease of use and scale of its platform.
"Technology impacts our business significantly, so choosing the right
provider to help us accomplish our goals was done with much
consideration," said Hal Sullivan, President and Chief Executive
Officer, BridgePortfolio. "We have built a strong, positive relationship
with Fiserv, and view them as a strategic partner in our success."
"Our clients rely on our technology solutions as well as our industry
knowledge and counsel. It truly is a partnership," said Cheryl Nash,
president, Investment Services, Fiserv. "By extending its use of Fiserv
technology, BridgePortfolio will continue to have the flexibility and
scale to accommodate new business growth."
Chicago-based BridgePortfolio is a Back Office Outsource Provider that
uses its robust technology solutions for more than 50 advisory firm
partners. With nearly $2 billion assets under administration,
BridgePortfolio has a diverse menu of outsourced services that together
provide a comprehensive suite of capabilities.
Fiserv technology supports all functions of the wealth management
business, from planning, trading, post-trade processing and investor
reporting, to fee billing and revenue management. With more than 3.7
million accounts and over one million UMA sleeves on its Unified Wealth
Management Platform, Fiserv is the leader in wealth management
technology and the only provider to offer an end-to-end solution.
Additional Resources:
About BridgePortfolio®
BridgePortfolio Inc., founded in 2000, is headquartered in Chicago and
is a wholly owned subsidiary of Insignis Inc. The Company has
approximately 50 customers (called partners) across the United States
with almost $2 billion in assets under administration. BridgePortfolio
has developed a diverse menu of services that can be outsourced,
including private label website development and hosting; efficient
online account setup; account administration; performance reporting;
model portfolio trading; billing; third-party separate account
management and private label separate account platform creation and
maintenance.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior PR Manager
Fiserv,
Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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