Managed accounts are expected to grow at an average of 16% annually to more than $7 trillion in assets under management by 2018. The majority of that growth will be on the sub-advised separately managed and unified managed accounts side, with substantial gains expected in model portfolio growth.
With that growth comes the need for better standardized digital connectivity in support of managed accounts and model delivery programs. The industry's many inefficiencies, including manual and repetitive processes across different systems, negatively affect revenue and business growth. Fiserv delivers new digitized solutions through our Wealth Management Network to help the industry solve these challenges.