Fiserv adds Morningstar data to financial advice platform

Source: Fiserv

Fiserv, Inc. (NASDAQ:FISV), the leading global provider of financial services technology solutions, announced today that it will enhance its Financial Advice Solutions by integrating best-in-class data and analytics from Morningstar.

The agreement with Morningstar, Inc., a leading provider of independent investment research, will integrate a number of Morningstar databases into the front-office Financial Advice Solutions from Fiserv, which provide robust retirement income modeling, financial planning and Monte Carlo simulations. With the new integrated modules powered by Morningstar data, advisors will be able to access, analyze and propose multi-vehicle, multi-asset class investment portfolios with historical simulations and related performance statistics.

The front-end analytics engine from Fiserv will include Morningstar's returns and holdings-data for U.S. mutual funds, exchange-traded funds (ETFs), separately managed accounts (SMAs) and individual U.S. equities. In addition, advisors will now have access to the Morningstar Rating™ for funds as well as dozens of industry-leading style and asset-class benchmarks from Morningstar.

"With the integration of Morningstar's expansive investment data and analytics into our solutions, we will now be able to provide our advisor clients with enhanced investment modeling and proposal capabilities," said Brandon Sharrett, senior vice president, sales, Investment Services at Fiserv. "The combination of a robust investment analytics engine along with comprehensive financial and retirement planning tools offers our clients a powerful advice platform to serve their customer's increasingly complex retirement goals."

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