The FundKeeper technology lets broker-dealers “bring home” accounts currently held directly with mutual fund families...while maintaining the simplicity that advisors and investors like about "going direct".
FundKeeper is NOT traditional brokerage system. When combined with your trade clearing, and IRA custodial solutions, it solves the compliance and consolidation problems of direct-at-fund accounts.
FundKeeper gives reps a comfortable, straightforward experience that maintains what they tend to like most about “going direct.” For example, there are no “nuisance fees” that reps have to explain if they are forced to migrate to traditional brokerage. Also, reps benefit from streamlined processing that eliminates cumbersome paperwork.
In theory, you can solve this problem using traditional brokerage. But firms have tried and failed because of the unnecessary complexity and cost that brokerage brings to the mutual fund investor, which can cause reps to resist and customers to leave. FundKeeper technology can provide the control and transparency you need in a straightforward way that doesn’t layer on what isn’t needed.
Working directly with multiple fund companies creates unnecessary data integrity and reconciliation challenges. The back office spends time trying to update and correct information at the funds–not to mention the pains of aggregating data from multiple fund families. Moving direct-held investments onto the FundKeeper technology removes the cost of aggregating client and rep data and provides a “gold” source of data to operate from.
FundKeeper helps solve some of the front, middle and back-office issues direct-at-mutual fund investing create. FundKeeper is a mutual fund subaccounting technology platform that when combined with your clearing and IRA custodial services creates single platform to:
A tightly integrated imaging and workflow system helps automate your back-office operations. The system captures and shares documents and data electronically through client defined workflow processes allowing for meaningful operational efficiencies and cost benefits. The system captures images and files from:
It contains a real-time dashboard to monitor work in progress and quality.
The internet interface is a fully integrated, device responsive investor and advisor internet portals. The internet portal has been independently verified to meet the WCAG 2.1 Level AA standards.
Shareholders & Reps have access to account information including transactions, distributions and valuations. Account maintenance and transaction processing permissions can be given if desired. The information access and activities undertaken online is in real-time and immediately synchronized with the core system.
Investor communication such as account statements and tax forms can be made available for online viewing, printing or archiving.
The portal can be branded for the investment sponsor or financial intermediary firm and can be deployed so users stay within a company’s own web domain.
The cash reconciliation system automates the management of the money movement calculations and reconciliation process to minimize the time and cost spent on the daily cash reconciliation process.
We offer a wide selection of over 175 APIs allowing external development to facilitate real-time inquiries and transaction processing from any surrounding system such as websites, voice response units or customer relationship management systems.
The API tool kit provides full control over the application development environment.
The real-time cash module provides portfolio managers a real-time dashboard of funds-available cash so they can match the fund performance to the index being tracked.
The module provides an accurate view of projected cash flows with real-time accounting of pending purchases, redemptions and exchanges using all of the trade information from sources including NSCC, file transmissions, phone calls, web trades, faxes, etc.
The system makes it easy to create and generate customized investor and advisor outbound communications. Information residing within the recordkeeping system is available for use in communication pieces. The system comes with standard letter templates for capital call notices, tender offer letters, and investor statements & confirms.
The Investor Management Suite supports all known mutual fund share classes including classes with:
The system can support an unlimited number of asset allocation models. The models can rebalance automatically based on set frequencies, drift from target allocation or manually, at any time.