OREANDA-NEWS. September 08, 2016.
Fiserv,
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced that
RNC Genter Capital Management ("
RNC
Genter") has selected Asset Manager Connect? from
Fiserv to increase
access to managed account sponsors and grow their client base.
RNC
Genter, based in
Los Angeles, is a
Securities and Exchange Commission
(SEC) registered investment advisor (RIA) with over
\\$4 billion in assets
under management.
With Asset Manager Connect, asset managers at RNC Genter can securely
manage portfolios without the need for numerous tokens and sign-ins to
multiple platforms, granting them access to holdings, transactions and
executions for trading and reconciliation across multiple sponsor
platforms through a single web-based application on their desktop. Asset
managers can also easily communicate with managed-account sponsors
across the Wealth Management Network from Fiserv.
The Wealth Management Network provides asset managers with access to a
robust network of 70 sponsor firms, including eight of the top 10
broker-dealers in the U.S. In addition, this Fiserv network supports
approximately 300 asset managers, providing sponsors with easy access to
hundreds of model portfolio strategies and ultimately offering more
choice for the end investor.
"Historically, data aggregation and switching between sponsors in a
multi-token environment created challenges for us," said
John Barry,
Vice President, Operations, RNC Genter. "Asset Manager Connect changes
everything. One easy to use tool aggregates rich data across the
extensive sponsor network from Fiserv, providing simultaneous sponsor
views, unified downloads, and a single file for cross-platform trading.
Asset Manager Connect enables managers to work and scale with much
greater efficiency. We're pleased to be an early adopter of this
exciting Fiserv technology."
Asset Manager Connect enables asset managers to increase efficiency and
perform job tasks faster and more accurately, leaving more time to focus
on strategic investment management. Trades for multiple sponsor programs
can be imported, routed and monitored intra-day, more easily than with
previous technology. Managers in model delivery programs can communicate
model changes to multiple destinations with a single click, as well as
access program data reports, saving time. Simplified access minimizes
the occurrence of trading errors from manual data entry of orders and
models on multiple systems. By accessing more sponsors, asset managers
can expand their business and increase volumes and revenues faster.
"The scalability, ease of use, and simplicity of the Fiserv solution is
extremely impressive," said
Daniel J. Genter, President and CEO, RNC
Genter Capital Management. "We are able to take on SMA sponsor
relationships, regardless of size, secure in the knowledge that Fiserv
technology will effectively manage that growth. The flexibility of the
Asset Manager Connect infrastructure allows us to add additional
business and increase volume while maintaining the excellent service
levels our sponsors and clients have come to expect."
"Accessing multiple sponsor platforms can be cumbersome and time
consuming as asset managers try to increase distribution in managed
account and model-delivery programs," said
Cheryl Nash, president,
Investment Services, Fiserv. "Fiserv technology lets asset managers
connect to multiple sponsors though a single access point to increase
speed, efficiency and scale across the managed accounts industry. This
simplified connectivity can enable firms to keep pace with changing
customer demands, helping to best serve and grow their client base and
increase volume and scale."
Fiserv is a market leader providing innovative investment services
solutions with close to five million managed accounts supported on its
Unified Wealth Platform representing over \\$1.4 trillion in assets under
management. The Wealth Management Network is the premier digital
destination for the wealth management industry that facilitates
real-time connectivity between all major market participants: asset
managers, broker-dealers, banks, aggregators and market utilities, as
well as advisors, investors and third-party partners.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at TheSpeedofLife.com.
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