Fiserv ISS and Arrowhead Trust Ink Deal on Self-Directed IRA Assets
Fiserv ISS and Arrowhead Trust Ink Deal on Self-Directed IRA Assets
November 22, 2005
Fiserv ISS and Arrowhead Trust Ink Deal on Self-Directed IRA AssetsDENVER--Nov. 22, 2005--Fiserv Investment Support Services (Fiserv ISS), a unit of Fiserv, Inc. (Nasdaq:FISV), has acquired the self-directed IRA assets of Arrowhead Trust, Inc. (ATI) The transfer of more than 1,000 accounts valued at approximately $48 million in assets took place Nov. 4.
The accounts hold both traditional investments such as mutual funds and alternative investments such as private equity, real estate, mortgages and trust deeds. Fiserv ISS is the largest independent custodian in the country that administers both types of assets within retirement accounts. With this acquisition, Fiserv ISS now has 320,000 accounts and custodian accounts valued at $38.3 billion.
"Our new clients can be confident in knowing that their self-directed IRAs are professionally administered by an industry leader with almost 50 years of experience in providing personalized service to financial professionals and their clients," said Joan Owens, vice president of investment administration services for Fiserv ISS. "We welcome these clients and remain firm in our commitment to giving investors the opportunity to maximize their individual opportunities by supporting a diverse line of traditional and alternative investments."
ATI, headquartered in California, was established in 1995 and is a wholly owned subsidiary of Arrowhead Credit Union.
Fiserv Investment Support Services provides products and services through Fiserv Affinity, Inc., and Fiserv Trust Co. Fiserv Trust Co., headquartered in Denver, is one of the nation's largest independent trust companies, including the administration of 320,000 self-directed retirement and custodial accounts valued at $38.3 billion. The company provides quality trust, custodial and back office services to the financial services industry. Fiserv ISS can be found on the Internet at www.fiserviss.com. Fiserv Trust Co. is a business unit of Fiserv, Inc.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 and 2005 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
The accounts hold both traditional investments such as mutual funds and alternative investments such as private equity, real estate, mortgages and trust deeds. Fiserv ISS is the largest independent custodian in the country that administers both types of assets within retirement accounts. With this acquisition, Fiserv ISS now has 320,000 accounts and custodian accounts valued at $38.3 billion.
"Our new clients can be confident in knowing that their self-directed IRAs are professionally administered by an industry leader with almost 50 years of experience in providing personalized service to financial professionals and their clients," said Joan Owens, vice president of investment administration services for Fiserv ISS. "We welcome these clients and remain firm in our commitment to giving investors the opportunity to maximize their individual opportunities by supporting a diverse line of traditional and alternative investments."
ATI, headquartered in California, was established in 1995 and is a wholly owned subsidiary of Arrowhead Credit Union.
Fiserv Investment Support Services provides products and services through Fiserv Affinity, Inc., and Fiserv Trust Co. Fiserv Trust Co., headquartered in Denver, is one of the nation's largest independent trust companies, including the administration of 320,000 self-directed retirement and custodial accounts valued at $38.3 billion. The company provides quality trust, custodial and back office services to the financial services industry. Fiserv ISS can be found on the Internet at www.fiserviss.com. Fiserv Trust Co. is a business unit of Fiserv, Inc.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 and 2005 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.