Should your firm be subaccounting mutual funds?

The servicing model for mutual fund accounts has been moving from an NSCC Networking Level 3 model, with accounts at both the distributor and the fund, to an omnibus model where accounts exist and are serviced solely by the Broker Dealer.

Whether it’s stand-alone positions or fee based advisory accounts, the subaccounting model for mutual fund shareholder servicing provides distinctive advantages. These advantages can translate into substantial operating costs savings, revenue opportunities and an enhanced client and rep experience. Envision can help you understand if this consolidating shareholder servicing model would be a good fit for your firm.