Insurers, like other financial institutions, have expanded their product and service offerings with the goal to increase customer wallet share. As a result, insurers have licensed traditional life insurance agents to sell both variable insurance products and mutual funds to the growing mass market and are now a significant channel for mutual fund distribution. However, many insurers lack the infrastructure to support the convergence of product distribution and as a result have a host of regulatory, organizational and management challenges that impact their ability to build profitable customer relationships.
Fidelity Information Services Wealth Management (FIS Wealth Management) has the expertise to help you improve workflow efficiency, reduce operating costs, ensure regulatory compliance and deepen your relationship with customers. We bring proven business processes to insurers and can deploy a wealth management solution quickly, creating a winning business model.
Our Wealthware™ solution suite will automate your mutual fund and variable annuity business by providing straight-through processing and a consolidated view of client holdings, including insurance products.
Modules within our Wealthware solution suite will also ensure that licensed representatives are validated and commission payouts are accurate. FIS Information Server is a robust operational data warehouse that stores all new account data, transaction and position files, performs edits and checks on registered representatives and provides business analysis and sales and compliance reporting.
FIS Wealth Management has been providing a wealth management platform to the financial services industry since 1989. Our extensive securities expertise and our understanding of the advisory model provide our international client list of tier one and two financial services companies with the most comprehensive wealth management solution suite. By supporting new business models and the latest platforms and through continuous R&D, we can quickly deploy the solutions required to maintain market readiness.