Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that BridgePortfolio, has signed a five-year contract extension to use its suite of Portfolio Management and Trading solutions (formerly known as APL).
BridgePortfolio selected Fiserv for its leadership and tenure in the industry and the ease of use and scale of its platform.
"Technology impacts our business significantly, so choosing the right provider to help us accomplish our goals was done with much consideration," said Hal Sullivan, President and Chief Executive Officer, BridgePortfolio. "We have built a strong, positive relationship with Fiserv, and view them as a strategic partner in our success."
"Our clients rely on our technology solutions as well as our industry knowledge and counsel. It truly is a partnership," said Cheryl Nash, president, Investment Services, Fiserv. "By extending its use of Fiserv technology, BridgePortfolio will continue to have the flexibility and scale to accommodate new business growth."
Chicago-based BridgePortfolio is a Back Office Outsource Provider that uses its robust technology solutions for more than 50 advisory firm partners. With nearly $2 billion assets under administration, BridgePortfolio has a diverse menu of outsourced services that together provide a comprehensive suite of capabilities.