To expand its foortprint in the managed account business, Fiserve announced Monday it bought AdviceAmerica, which provides financial planning software for independent advisors and institutions.
AdviceAmerica will become a strategic part of Fiserv’s investment services. Fiserv, a Brookfield, Wis., based financial services technology provider, supplies a technology platform for managed accounts, known as APL, which serves approximately three million accounts.
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