Fiserv integrates databases from Morningstar

Fiserv Inc, a provider of financial services technology solutions, announced that it plans to upgrade its Financial Advice Solutions through the integration of best-in-class data and analytics from Morningstar.

Under the terms of the agreement with Morningstar, a provider of independent investment research, Fiserv will integrate a number of Morningstar databases into the front-office Financial Advice Solutions that deals with retirement income modeling, financial planning and Monte Carlo simulations. Using the new modules powered by Morningstar 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 (ETFs), separately managed accounts (SMAs) 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.