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Advisorvision From Fiserv Enhanced To Enable Comprehensive Cash Flow Planning And Progressive Tax Analysis

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Advisorvision From Fiserv Enhanced To Enable Comprehensive Cash Flow Planning And Progressive Tax Analysis 1
  • Goals-based financial planning solution enhanced to enable complex, comprehensive cash flow analysis
  • Progressive tax analysis now possible, allowing advisors to help clients better assess and mitigate long-term tax liabilities
  • Solution designed for seamless integration with enterprise investor portals to help increase advisor-client collaboration
AdvisorVision™, a goals- based financial planning application, has been enhanced with cash-flow based financial planning and progressive tax analysis.

AdvisorVision™, a goals- based financial planning application, has been enhanced with cash-flow based financial planning and progressive tax analysis.

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that AdvisorVision™, a goals- based financial planning application, has been enhanced with cash-flow based financial planning and progressive tax analysis. The release allows the use of either goals- or cash-flow based methodologies, enabling advisors to serve the needs of clients with either simple or complex financial planning needs, thus strengthening the advisor’s value to a broader range of clients.

When using the comprehensive cash-flow approach now available in AdvisorVision from Fiserv, advisors can analyze the cash in-flows and out-flows over a client’s lifetime, across all financial goals, and expose risk and debt in a single, illustrative  view. Advisors can also create a nearly unlimited number of investment scenarios and strategies with side by side comparisons, to provide clients with an intuitive explanation of the advice being offered.

Advisors can also model the lifetime tax impact of investment decisions with AdvisorVision’s new progressive tax engine, providing greater insight to help clients control the amount or timing of plan contributions, withdrawals, deductions, conversions, gifts and donations. Progressive tax analysis helps advisors manage more complex, multi-goal financial needs and, therefore, higher asset-size portfolios.

AdvisorVision is the front-office component of the Unified Wealth Platform from Fiserv and is designed to be seamlessly integrated with existing enterprise investor portals. AdvisorVision increases engagement and collaboration between advisors and clients — a best technology practice in the wealth management industry today.

”Financial advisors overwhelmingly prefer solutions that can be integrated with investor-facing technology as a part of their strategic approach to improving the quality of advice delivered,” said Darrin Courtney, research director, CEB TowerGroup. ”When deployed in tandem with investor-facing portals, advisor desktop technology drives client collaboration and financial services technology providers like Fiserv are keenly aware of this.”

In January 2014, CEB TowerGroup named AdvisorVision as a “best practice portal example” in the report, Using Portals to Enhance Client Engagement: A Threat Becomes an Ally. CEB TowerGroup found that wealth management firms should design their investor-facing portals to enhance advisor-client collaboration. Advisor solutions like AdvisorVision and Retirement Illustrator™ from Fiserv can be integrated with investor-facing portals to meet this objective.

“Advisor solutions are a key conduit in building long-term relationships based on the highest standards of service, accountability and trust,” said Cheryl Nash, president, Investment Services, Fiserv. “The latest enhancements to AdvisorVision from Fiserv help deepen the advisor’s value to clients and enable firms to support more complex, higher asset-size portfolios. AdvisorVision is also designed to complement investor-facing portals with the synergistic data aggregation that drives collaboration. We are releasing this new version of our solution with genuine enthusiasm about the benefits it offers firms.”

Additional Resources:

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

Technology Assessment Disclaimer

CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated “best in class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup’s analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Oil rises on positive forecasts, slow U.S. output restart

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Oil rises on positive forecasts, slow U.S. output restart 2

By Bozorgmehr Sharafedin

LONDON (Reuters) – Oil prices rose on Tuesday, underpinned by the likely easing of COVID-19 lockdowns around the world, positive economic forecasts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut down crude production.

Brent crude was up 36 cents, or 0.5%, at $65.60 a barrel by 1212 GMT, and U.S. crude rose 39 cents, or 0.6%, to $62.09 a barrel.

Both contracts rose more than $1 earlier in the session.

“Vaccine news is helping oil, as the likely removal of mobility restrictions over the coming months on the back of vaccine rollouts should further boost the oil demand and price recovery,” said UBS oil analyst Giovanni Staunovo.

Commerzbank analyst Eugen Weinberg said optimistic oil price forecasts issued by leading U.S. brokers had also contributed to the latest upswing in prices.

Goldman Sachs expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously, and $75 in the third quarter from $65 forecast earlier.

Morgan Stanley expects Brent crude to climb to $70 in the third quarter.

“New COVID-19 cases are falling fast globally, mobility statistics are bottoming out and are starting to improve, and in non-OECD countries, refineries are already running as hard as before COVID-19,” Morgan Stanley said in a note.

Bank of America said Brent prices could temporarily spike to $70 per barrel in the second quarter.

Disruptions in Texas caused by last week’s winter storm also supported oil prices. Some U.S. shale producers forecast lower oil output in the first quarter.

Stockpiles of U.S. crude oil and refined products likely declined last week, a preliminary Reuters poll showed on Monday.

A weaker dollar also provided some support to oil as crude prices tend to move inversely to the U.S. currency.

(Reporting by Bozorgmehr Sharafedin in London, additional reporting by Jessica Jaganathan in Singapore; editing by David Evans and John Stonestreet)

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UK-Japan trade deal settled nerves for Japanese firms, Honda executive says

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UK-Japan trade deal settled nerves for Japanese firms, Honda executive says 3

LONDON (Reuters) – Britain’s trade deal with Japan settled the nerves of a lot of Japanese businesses in the United Kingdom and gives them confidence about their future prospects there, a senior Honda executive said on Tuesday.

Japan, the world’s third-largest economy, has since the 1980s made the United Kingdom its favoured European destination for investment, with the likes of Nissan, Toyota and Honda using the country as a launchpad into Europe.

But Britain’s shock 2016 decision to leave the European Union had prompted Japan to express unusually strong public concerns. Their companies and investors warned that a disorderly exit from the EU would force them to rethink their four-decade bet on Britain.

“We welcome very much the Japanese trade agreement which as a Japanese businesses was very welcomed,” Ian Howells, senior vice president at Honda Motor Europe, told a parliamentary committee.

“On the point around confidence, that certainly amongst my peers in Japanese companies was very much welcomed, and probably settled a lot of nerves in terms of their trading prospects in the UK going forward.”

Britain and Japan formally signed a trade agreement in October, marking Britain’s first big post-Brexit deal on trade. It has also made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Japan is also a member.

(Reporting by Kate Holton)

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UK retailers see sharp fall in sales and mounting job losses, CBI says

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UK retailers see sharp fall in sales and mounting job losses, CBI says 4

LONDON (Reuters) – British retail sales fell in the year to February as stores cut jobs at a rapid rate, with only supermarkets reporting any growth during the latest COVID-19 lockdown, a survey showed on Thursday.

The Confederation of British Industry’s gauge of retail sales stood at -45, up only slightly from January’s eight-month low of -50. The measure points to falling sales and is below the consensus forecast of -38 in a Reuters poll of economists.

Retailers’ expectations for March – when non-essential shops will remain closed to the public as part of lockdown measures – fell to -62, the lowest since the series began in 1983.

In another sign of a changing consumer habits during lockdown, the survey’s gauge of internet retail sales hit a new record high.

“With lockdown measures still in place, trading conditions remain extremely difficult for retailers,” said Ben Jones, principal economist at the CBI.

“Record growth in internet shopping suggests that retailers’ investments in on-line platforms and click-and-collect services may be paying off, but the re-opening of the sector can’t come soon enough to protect jobs and breathe life back into the sector.”

Job losses among retailers accelerated according to a quarterly question in the survey. For the distribution sector as a whole, which includes wholesalers and car dealers, employment fell at a record rate, the CBI survey showed.

(Reporting by Andy Bruce, editing by David Milliken)

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