To expand its footprint in the managed account business, Fiserv announced Monday it has acquired AdviceAmerica, a provider of 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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