Morningstar Investment Services has selected Brookfield-based Fiserv Inc.’s managed account technology to support Morningstar Managed Portfolios.
The managed account technology from Fiserv is designed to enhance trade management, enable more robust portfolio accounting and performance reporting, and broaden the range of custodians through which Morningstar Investment Services can submit trades.
"The exceptional scalability and functionality of the managed account technology from Fiserv will make it easier for financial advisors to offer their clients investment solutions tailored to their evolving financial needs," said Jeffrey Ptak, president and chief investment officer of Morningstar Investment Services. "Fiserv’s depth and breadth of expertise in the managed accounts space was a critical component of our decision to work with the firm to further enhance our platform."
"For Morningstar, a company that is deeply respected for developing its own innovative technology solutions, to choose our managed account technology is truly an honor," said Cheryl Nash, president of Investment Services at Fiserv. "Working with forward-thinking companies such as Morningstar helps us create more innovative products to benefit the entire financial advice industry."
With close to 4 million accounts on its managed account platform, Fiserv is the leading technology provider, helping clients navigate highly complex operational challenges and improve performance and profitability.
