Fiserv and HedgeACT talk with FundFire about partnership and why providing access to enhanced alternative strategies comes at the right time in managed accounts.

Wealth firms looking to add hedge funds to managed account program menus often run into operational roadblocks, but Fiserv and HedgeACT are teaming up to try and change that by providing alternative strategies within the sleeve of a unified managed account (UMA).

This comes as brokerage home offices have been encouraging advisors to ratchet up alternatives use, and some have been broadening access to hedge funds, and other traditional alternatives, within advisory programs.

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