Fiserv Extends Agreement with Charles Schwab for Scalable and Integrated
Managed Account Technology

July 23, 2015

Scale, stability and broad industry connectivity to enable Schwab’s model-portfolio operations were cited as key to Schwab’s decision to remain with Fiserv.

Download the PDF

Link to our Video

Brookfield, Wisconsin — July 23, 2015
  • Charles Schwab & Co., Inc. extends 14-year relationship with Fiserv as the technology provider supporting its managed account platform
  • Schwab uses the Unified Wealth Platform from Fiserv for portfolio management, accounting, trading and model-portfolio capabilities
  • Fiserv currently supports over 190,000 accounts for Schwab, representing $42 billion in assets under management, with year-over-year growth of 5% in its managed account business as of June 30, 2015

“As we continue to grow our managed accounts business, we require a stable technology partner who can scale with us and add value in support of our business processes and customer servicing.”  

~ David Lindenbaum, vice president of managed accounts, Charles Schwab & Co., Inc.

“Our focus on integration across programs is of particular significance in helping clients like Schwab achieve efficient and cost-effective operations of managed accounts. Our goal as a technology partner is to deliver continuous value to Schwab, facilitating their focus on more integrated, flexible workflows and business models to best serve their clients.”

~ Cheryl Nash, president, Investment Services, Fiserv

  • ‹ prev
  • next ›
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
© 2015 Fiserv, Inc., or its affiliates.