Fiserv Acquires Trust Business FromArrowhead CU

Published November 29, 2005, 1:00 a.m. EST

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Updated August 27, 2020, 2:21 a.m. EDT

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BROOKFIELD, Wis. - (11/29/05) -- Fiserv said its Investment SupportServices unit has acquired more than 1,000 self-directed IRAaccounts with $48 million of assets from Arrowhead Trust Inc., awholly owned CUSO of Arrowhead CU. The accounts held bothtraditional investments, such as mutual funds, and alternativeinvestments, like private equity, real estate, mortgages and trustdeeds. Fiserv is the largest independent custodian that administersboth types of assets in retirement accounts, and has 320,000accounts and custodian accounts with $38 billion inassets

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