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Personal Financial Management

We are leading the way in the development of the Unified Managed Household – enabling customers to get a 360-degree view of all household assets and liabilities in one place.

A consumer’s financial life is like a living organism of real-time data that is constantly changing and reacting to external events.

Yet our financial life has been set up without a complete “financial view” of all our assets and liabilities in one place. We get lots of information from disparate providers across all of our accounts – 401-k, brokerage, mutual funds, fixed income, etc. – with no household-level view of it all. We struggle to make sense of what we own, owe and what we must now do differently to achieve our financial goals. Advisors don’t have the complete picture of their clients’ assets and liabilities, making it difficult to provide optimal guidance.

To address these challenges, Fiserv is delivering the market’s first truly Unified Managed Household (UMH) solution. Put simply, UMH will bring together separate account information that spans across the household and disparate systems into one holistic view. Financial planning and budgeting can be developed based on what day to day life really costs. Investors can monitor their progress against lifestyle goals and make decisions with comprehensive information at hand.

We’ve already made substantial gains toward bringing the UMH to life. In June 2010, Fiserv acquired AdviceAmerica, a best-in-class provider of integrated financial advice solutions to broker-dealers, independent advisors and insurance companies. This extended our capabilities into front-office applications, such as financial planning, CRM, proposal-generation and plan-monitoring tools.

The second milestone was reached in the third quarter of 2011, when we implemented a solution to deliver mutual fund advisory programs on the Fiserv Unified Managed Account (UMA) platform. Coming next: the convergence of front-office tools with middle- and back-office technology. This initiative will integrate our Financial Advice Solutions, Portfolio Management, Trading and Performance Reporting Solutions onto Fiserv's Unified Wealth Management platform, where advisors will be able to monitor goals, plan, trade and report across an investor’s household on a single system.

Fiserv is the only provider that possesses the complete range of scalable technology components required to deliver the full potential of the Unified Managed Household for our clients.

We're not done.

Stay tuned as we continue to develop the new way in which investors can manage their financial life.

Proof

Want proof Fiserv is enabling the transformation of the financial services experience for our clients? We’ve compiled these stats and facts to help you understand more about our company, solutions, expertise and experience.

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The Convergence Requirement: Creating New Challenges and Opportunities for Industry Participants

As the lines between bank and brokerage blur, the industry is now in motion to make the necessary shifts to accommodate a new, converging world. It also makes sense that the industry must do a better job of serving investors, who are struggling to make sense of what they own, they owe and what they must now do differently to achieve their financial goals. As Fiserv strives to design solutions to help our clients and their customers, we believe the ultimate answer to deliver on what the industry is looking for is the Unified Managed Household (UMH) – which requires convergence of technology to more effectively meet the needs of industry participants.

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