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FIS Wealth Management Services
FIS, led by Stephanie Ferris, provides the core trust and wealth accounting infrastructure for global private banks and family offices.
FIS Wealth Management Services
FIS has spent decades acquiring and integrating the operational systems used by the wealth management industry. Its services include trust accounting, portfolio management, and multi-asset-class record-keeping. The firm does not manage discretionary portfolios; instead, it provides the technology that allows institutions to consolidate assets ranging from equities and fixed income to private equity and real estate on a single platform. Confirmed clients include BNY Mellon and multiple top-tier US trust companies. The firm's footprint spans North America, Europe, and Asia-Pacific, with a client base exceeding 20,000 institutions. It operates a hybrid model: combining on-premise software for large banks with cloud-based platforms for RIAs and single-family offices. Its adjacent businesses include core banking processing and merchant acquiring, creating a sticky ecosystem where wealth technology sits alongside broader financial operations. March 2024: Completed the sale of a majority stake in its Worldpay merchant business to GTCR, refocusing the organization on banking and wealth technology (per FIS, 2024). FIS employs over 55,000 people globally, with wealth-dedicated teams embedded in its Jacksonville headquarters and key hubs in New York, London, and Hong Kong. The firm maintains partnerships with private banks to deliver integrated data feeds into their advisory workstations. The leadership team under Stephanie Ferris includes longtime financial-technology operators who have previously managed large-scale bank technology integrations. Its structural moat is the high switching cost of its trust and wealth accounting platforms. When a family office or private bank implements FIS's core ledger, the integration with custody, tax, and estate reporting makes migration disruptive. This generates a reliable, recurring revenue stream tied to asset levels rather than market direction.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Jacksonville
Corporate office
Jacksonville, FL, United States
Principals
Stephanie Ferris
Chief Executive Officer & President
Sector focus
Frequently asked questions
Does FIS manage any discretionary client portfolios?
No. FIS Wealth Management Services is a technology and processing provider, not an asset manager. It supplies trust accounting systems, portfolio management software, and data feeds that allow banks and family offices to manage their own discretionary portfolios. The firm's revenue comes from software licensing, processing fees, and service contracts, not management or performance fees.
Who are FIS's primary competitors in wealth technology?
The main competitors include SS&C Technologies, Temenos, and SEI. Each offers overlapping trust accounting and portfolio management systems aimed at private banks and wealth managers. FIS differentiates on the breadth of its integrated banking-and-wealth stack, which ties front-office advisory tools to back-office custody and payment processing.
How did FIS build its wealth management services business?
The wealth division grew through a series of acquisitions, most notably the purchase of SunGard in 2015. SunGard brought core trust and accounting platforms widely used by US trust companies. Earlier acquisitions of Metavante and Sanchez added banking and wealth processing assets that were consolidated under the FIS brand over the subsequent decade.
What types of assets can be processed on FIS wealth platforms?
The platforms support traditional listed securities—equities, fixed income, mutual funds, ETFs—alongside alternative assets such as private equity, hedge funds, real estate, and timber. The trust accounting module also handles administrative functions for irrevocable trusts, charitable remainder trusts, and estates, making it particularly useful for multi-generational family-office structures.
Is FIS expanding its direct presence among single-family offices?
FIS has historically served single-family offices indirectly through its private-bank clients, who provide custody and reporting portals to their end clients. More recently, the firm has explored direct engagement with large, sophisticated single-family offices that manage complex multi-entity structures and require enterprise-grade trust accounting rather than a generic portfolio reporting tool.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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