Fiserv Inc. announced it will enhance its Financial Advice Solutions by integrating data and analytics from Morningstar.

The agreement with Morningstar Inc., a provider of independent investment research, will provide a number of Morningstar databases into the front-office Financial Advice Solutions from Fiserv, which in turn provide retirement income modeling, financial planning, and Monte Carlo simulations.

[A Monte Carlo simulation, according to Investopedia.com, is a problem-solving technique used to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables.]

With the new integrated modules powered by Morningstar data, advisors will be able to access, analyze, and propose multi-vehicle, multi-asset-class investment portfolios with historical simulations and related performance statistics.

The front-end analytics engine from Fiserv will include Morningstar’s returns and holdings-data for U.S. mutual funds, exchange-traded funds, separately managed accounts, and individual U.S. equities. In addition, advisors will now have access to the Morningstar Rating for funds as well as dozens of industry-leading style and asset-class benchmarks from Morningstar.

 

For more information please go to:

http://investors.fiserv.com/releasedetail.cfm?ReleaseID=582503