Subaccounting Capabilities

Envision provides technology to those Broker Dealers with their own back-office operations. We support implementation models ranging from technology only to full back-office outsourcing. Our technology suite includes a subaccounting recordkeeping system with integrated cost basis, asset allocation modeling and rebalancing, workflow and imaging; internet inquiry, trading and e-delivery solutions. Our services include check and application processing, managed accounts, account and trade reconciliation, and corporate actions and NAV processing. Envision’s products enable firms with subaccounting needs to optimize productivity and increase customer satisfaction by allowing them to control and customize their business processes.

For those firms looking to begin mutual fund subaccounting and need the back-office and trading services.  Please visit our FundKeeper website.

PowerAgent for Subaccounting Capabilities

  • Automated suitability and market timing testing whose findings are reported to your firm’s principals for review
  • Support unlimited number of models that automatically rebalance periodically or on-demand
  • Advanced identification processes to locate and process “as of” transactions requiring dividend adjustments
  • Automated reconciliation process for broker-to-broker transfers
  • Support for multi-cycle fund pricing
  • Integrated multiple currency transaction processing and reporting.
  • Systematic application of the ROA and appropriate LOI break-points to your clients’ trades.
  • Automatic and systematic identification and resolution of CDSC, ROA and rounding differences between aggregated omnibus orders and subaccount trades on trade date
  • A central fund repository where fund control settings, dividend announcements, corporate actions, daily net asset values and daily accrual rates are centralized and updated from the DTCC Mutual Fund Profile and other services. These are then immediately available to all systems, eliminating the potential for disparate and conflicting information across systems.
  • A single environment that supports subaccounts and NSCC Matrix Level 3 and Level 0 accounts held at the fund and simplifies subaccount conversions. Support for Matrix Level 0 accounts meets the 17a3 books and records requirements for assets held away
  • Configurable account, transaction and fee types, multiple load schedules within a CUSIP, as well as asset allocation models and processing schedules without the need for programming resources.
  • Branded web site and mobile access for account inquiry, maintenance, forms access and trading activities by the back office, reps and investors
  • Support for single sign-on capabilities into the branded web site for the back office and reps
  • Support for interfaces to/from the platform and the broker dealer via APIs, files or images
  • A secure hosted solution with primary, secondary and disaster recovery data centers, application monitoring and support 24/7/365
  • Daily and nightly system processing to post transactions and generate reports/files
  • Testing of new enhancements within the platform environment

Omnibus Accounting Administrative Capabilities

  • Risked prioritize reconciliation of the individual account positions to the fund omnibus position
  • Maintain all fund settings such as fund minimums, 12(b)-1 rates, load tables including fund prospectus updates
  • Gather and maintain all dividend information, corporate action information, daily net asset values and daily accrual rates
  • Accept automated file feed of branch/rep information
  • Transmit trade activity and position files to Broker
  • Transmit commission, 12(b)1 and service fee files to Broker