The onset of the current economic downturn has created new challenges for aging baby boomers planning their retirement years. Many in this generation are moving their assets into mutual fund advisory ("MFA") programs that offer the familiarity of mutual funds while providing the ability to generate income, preserve capital and remain focused on tax consequences as part of a managed solution. Even in this difficult economic downturn, Investment Services from Fiserv has seen strong account growth since the beginning of 2009 in MFA programs, underscoring the benefits that a mutual fund advisory solution provides to investors.
The paper provides an overview of MFA programs, including structure, various investment options, and potential trajectories. Fiserv's Mutual Fund Advisory offering includes sleeves of mutual funds chosen to match a planned asset allocation model. The program allows separate funds to be wrapped into a single account that can be managed without individual transaction fees.
"Mutual Fund Advisory from Fiserv is a great turnkey solution to help advisors balance the risks and requirements of retirement investing while meeting the needs and retirement goals of each individual investor, generally those with a small amount of investable assets, through customized investment portfolios," said Cheryl Nash, senior vice president, Strategic Marketing and Business Development for Investment Services from Fiserv. "Baby boomers require managed account solutions that provide asset retention, flexibility and liquidity as they prepare for retirement during a difficult economic time."
The Mutual Fund Advisory paper is the third of a four-part retirement series from Investment Services that also includes "Baby Boomers Driving a New Industry Focus" and "Unified Managed Accounts for Retirement: The Technology Solution Designed to Assist the Affluent Baby Boomer Generation." A fourth paper on Wealth Management Advisory Services will be released later this year.