Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that it was recognized as the Service Provider of the Year by Money Management Institute (MMI), the national organization for the managed investment solutions and wealth management industry. The annual award, one of the most prestigious in the managed accounts industry, salutes the organization that best demonstrates growth, innovation and long-term viability. Fiserv is the leading technology provider for the managed accounts industry, its APL(SM) platform processes and manages more than 3.4 million accounts daily and it is the chosen technology provider for more than 1 million UMA sleeves and more than $1.8 trillion in assets.
Award recipients are selected though a process of client nominations and voting by industry leaders including MMI members, service providers, industry press and members of the MMI board. MMI cited the continued commitment of Fiserv to develop industry-leading managed account solutions that help its clients to drive efficiencies, manage risk and grow revenue as just part of the reason Fiserv was honored with this award.
"The continuous commitment of Fiserv to deliver solutions that not only respond to current trends but anticipate the threats and opportunities the industry may face in the future, was recognized by Fiserv's client base," said Christopher L. Davis, president of MMI. "The nominations detailed Fiserv's ability to step up to the challenges our industry faced during the past year and positioned them as the service provider of the year. Even in this difficult environment, Investment Services from Fiserv has remained a technology leader focused on meeting industry needs today while continuing to invest in the future."
"Our sincerest thanks go out to our clients, industry peers and the Money Management Institute for this most prestigious honor," said Cheryl Nash, senior vice president of Strategic Marketing and Business Development for Investment Services at Fiserv. "The goal of Fiserv has been to not only develop the industry?s largest managed accounts platform but to also remain fully committed to responding to our clients' technological needs. We have an obligation to the industry and our clients to stay ahead of market trends and work with our clients to drive down their operational costs and create efficiencies, no matter the economic environment. We look forward to continuing our work with MMI and the entire managed accounts industry."
Fiserv has a long history of working closely with the MMI to develop industry-wide communication standards and participate in the committees designed to move the industry forward. MMI honored Fiserv with the "Service Provider of the Year" award at the MMI's annual spring convention industry leadership recognition awards dinner to benefit Gateway to Leadership, MMI's workplace diversity program. Every year, the MMI brings together leaders in the managed accounts industry to recognize the managed solutions firms that have demonstrated innovation, growth and long term viability.