FIS has long been recognized as one of the world’s most dependable companies when it comes to banking and electronic payment providers. Today the company has announced that it has increased its pull with the signing of 20 different contracts that all deal with the wealth management solutions. The company has been one that mobile payment companies have been leaning on more and more over the years, but the company got its start dealing with wealth management solutions before so much of that area was moved online.

FIS' wealth management solutions have been serving north of 200 different companies for the last 30 years and these agreements just go to shows how trusted the company truly is. Behind that trust are the FIS TrustDesk(R) and InvestEdge(R) programs that set them apart from other companies that deal in the wealth management industry. The company currently boasts handling more than $800 billion in assets and more than 500,000 accounts on a daily basis. Combined, the two FIS solutions are able to deal with portfolio management, performance and compliance, trust technology outsourcing and business operations outsourcing.

First Farmers and Merchants bank is one of the newest clients to join forces with FIS and they are bringing a portfolio that totals more than $1 billion in assets. First Farmers is expected to take advantage of the entire FIS portfolio of wealth management programs including the ReturnTrack(R) performance measurement, the Annual Review Suite for compliance and FIS’ Client Point Web portal.

John Tomlinson, chief administrative officer for First Farmers and Merchants Bank, explained why his bank decided that FIS was the perfect company for their needs. "For more than a century First Farmers and Merchants Bank has served the people of Columbia and neighboring counties, to stay competitive and ensure that our customers have the best possible service we continue to find ways to improve our offerings. Teaming with FIS will enable us to serve our existing customers through a comprehensive wealth management offering while driving continued growth."