World News: 13:30 GMT Wednesday 12th June 2019. [Fiserv via Businesswire via SPi World News]
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, is enabling financial advisors to assist clients with retirement income planning and risk mitigation through the use of annuities, life, and long-term care insurance. New tools and an enhanced user interface (UI) incorporated into Financial Advice Management from Fiserv, a suite of interactive, goals-based and comprehensive financial planning technologies, give advisors a powerful way to help clients reach their retirement goals through retirement income and insurance planning.
The enhancements optimize goals-based advice as a competitive differentiator for advisors and include the ability for them to:
Retirement income planning represents a significant opportunity for advisors as many investors do not feel confident about their retirement strategy, or if they are protected against risks such as long-term disability. Expectations & Experiences: Borrowing and Wealth Management, the consumer trends survey from Fiserv, found that less than half of U.S. consumers (41 percent) feel informed when it comes to saving for retirement, and only 35 percent feel optimistic. Other findings from this survey include:
“Advisors’ ability to offer goals-based advice to clients on how to mitigate retirement risk through modeling various ‘what-if’ scenarios offers tremendous value to the practice of financial planning,” said Cheryl Nash, president, Investment Services, Fiserv. “Through real-time collaboration with clients, advisors will be able to compare and contrast life scenarios side-by-side to identify and illustrate the best solution in the context of a client’s life goals and objectives, helping them create a holistic financial picture and plan.”
Financial Advice Management includes financial planning, proposal generation and retirement cash flow and income analysis solutions designed to automate advisor workflow. Each solution is built to optimize the advisor experience and is highly modular and configurable. This suite of planning tools and capabilities is available through APIs, allowing financial service providers to control the user experience.
Fiserv is a market leader providing innovative wealth management solutions. 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 fiserv.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For 35 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World’s Most Admired Companies® for six consecutive years, recognized for strength of business model, people management, social responsibility and innovation leadership. Visit fiserv.com and follow on social media for more information and the latest company news.
Business Wire: 13:30 GMT Wednesday 12th June 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.